HBL signs agreement with leading Chinese investment bank

The bank will now provide investment banking services to companies in both Pakistan and China.
Published November 12, 2018

HBL has entered an agreement with China International Capital Corporation Limited (CICC), the largest investment bank in China, to provide investment banking services to companies in both countries.

This partnership will cover investment banking services such as mergers and acquisitions, advisory services, capital and bond issuance, and loan syndication among others.

As the economic cooperation between Pakistan and China increases, HBL and CICC will play a leading role in the next phase of CPEC, attracting direct foreign investment in Pakistan.

CICC and HBL have access to heads of leading companies, governments, regulators and other stakeholders which will ensure swift and seamless transaction execution.

The agreement was signed by Mr Muhammad Aurangzeb, President and CEO of HBL and Mr Huang Zhaohui, Member of the Management Committee of CICC. Also present were Mr Sultan Ali Allana, Chairman HBL, Mr Bi Mingjian, Acting Chairman CICC, Mr Farhan Talib, Head of Corporate and Investment Banking at HBL, and Ms Feng Danyun, Head of Business Support, Coordination and Public Relations Department, CICC.


CICC is China’s first joint-venture investment bank and a leader in the Chinese M&A market, with over 400+ transactions worth over USD563 billion. On the other hand, HBL has led and managed CPEC transactions exceeding USD6 billion, and is the only Pakistani bank to have a banking presence in China and the only South Asian bank to have a presence in Northwestern China.

HBL was recently awarded a RMB license by regulators in China, which will allow the bank to undertake end-to-end RMB intermediation. The bank has also won 'Best Regional Bank of the year' award in South Asia for the Belt and Road Initiative (BRI) and 'Best Bank for Infrastructure / Project Finance' award by Asia Money.


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