Hong Kong-based Industrial and Commercial Bank of China (ICBC) signed an agreement with India’s Infrastructure Leasing & Financial Services to aid infrastructure projects in the north and east Asia.
This is one of the leading banks in Hong Kong and also a wholly owned subsidiary of Industrial and Commercial Bank of China.
Both the parties signed a memorandum of understanding for broad level cooperation in infrastructure project development services and financing services related thereto.
The MoU sets the scope of cooperation for providing infrastructure project development services, including related financial services, trade, corporate banking, investment banking and treasury related services, debt raising, advisory and other forms of permissible economic cooperation for such projects in the region.
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