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CICC Intends to Expand Cross-Border Financial Services Mkt in Middle East, Southeast Asia
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CICC (03908.HK) is seeking to expand its business in the Middle East and Southeast Asia to meet the growing local demand for cross-border financial services, according to Bloomberg. Wang Hanfeng, Vice President of CICC International, revealed that the broker is actively preparing to open a new branch in Dubai targeting clients such as Middle Eastern sovereign wealth funds and corporate groups. In order to better support China's "Belt and Road" Initiative, the broker will also prioritize allocating resources to Latin America, Central Asia, and countries like Japan and South Korea, Wang added. AAStocks Financial News |
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