OREANDA-NEWS. Gazprombank Chairman Andrey I. Akimov and Bank of China International Holdings Ltd. Chief Executive Office Li Tong signed a cooperation agreement in Moscow. Under this agreement, the two banks undertake to establish a broad cooperation in multiple fields of mutual interest for their respective corporate, institutional and retail clients across capital markets and investment banking.

Commenting on the agreement, Andrey I. Akimov said: “We are pleased to establish such a broad partnership with one the most prominent Chinese investment banks. As our two economies strengthen their links and as we see our respective core clients seeking to expand their operations in our respective regions, it is of paramount importance that we reinforce our capabilities to assist our clients, and such agreement will be mutually beneficial to help us execute on this strategy.”

For reference, Gazprombank is in the process of establishing an office in HK to coordinate the capital markets activity of the bank in the Asia Pacific region and has already established presence in mainland China with an office in Beijing.