"International Capital China" Her presence expanded via "Dubai International Financial"
Dubai, May 15/ WAM/ China International Capital Ltd. – the investment bank in China has opened its branch at the Dubai International Financial Center, as part of its plans to expand its global presence.
According to a press release issued today, the new branch works under the umbrella of China International Capital Company, Hong Kong, Ltd., and the commercial name “CIC CC Branch of the Dubai International Financial Center”, holds a fourth -category license and is subject to the control of the Dubai Financial Services Authority.
The Dubai International Financial Center is a strategic gate in the region for Chinese financial institutions and multinationals.
The largest companies in the Chinese banking and financial services sector have opened branches in the Dubai International Financial Center, where 30% of them are among the companies listed in the classification of the “Fortune 500” global list.
With the growing Emirati -Chinese economic relations, the Dubai International Financial Center is committed to providing an advanced platform that helps Chinese companies to expand and grow in the Middle East, Africa and South Asia.
Dubai’s specific plans to adopt artificial intelligence are in all sectors with the support of “Campus Dubai AI” at the Dubai International Financial Center, with the advanced Chinese capabilities in the field of research and technological development.
His Excellency Issa Kazem, Governor of the Dubai International Financial Center said: “Dubai and the Dubai International Financial Center are still a major destination for Chinese investments, and this enhances the increasing interest we are witnessing from banks, wealth management companies, assets, major companies and actors in the insurance market. Asia, to enhance the position of the Dubai International Financial Center in drawing features of the future of the financial sector and enhancing excellence in innovation.
For his part, Chen Liang, Chairman of the Board of “China International Capital”, said: “The opening of the” China International Capital “branch at the Dubai International Financial Center is an important achievement in our international expansion strategy, and the company is committed to providing innovative financial solutions that facilitate the cross -border capital flows and enhance economic ties between China and major global markets.”
He added: “Based on the UAE, which represents a major gateway to the Gulf region, we intend to develop solutions designed specifically to meet the changing needs of our regional agents, as well as support Chinese companies that are looking for strategic opportunities abroad, which contributes to enhancing the financial momentum for high -quality development of the Belt and Road Initiative.”
With the opening of the “China International Capital” branch at the Dubai International Financial Center, the company is obligated to become a gateway for bilateral investment services between China and the Gulf region, and the branch will cooperate closely with sovereign wealth funds, financial institutions, major companies and other partners to help them participate effectively in Chinese capital market projects, and promoting trade cooperation between China and the Gulf region in general.
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