BEIJING, Dec 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- CHXDF | Quote | Chart | News |PowerRating -- China Development Bank (CDB) inked an overall strategic cooperation agreement with China Beijing Equity Exchange (CBEX) on December 23, 2009.
As an important force in medium- and long-term investment and financial fields, CDB devotes itself to supporting the nation's infrastructure construction and the development of basic & pillar industries. Gao Jian, vice governor of CDB, said that the bank would join hands with CBEX on loans for mergers and acquisitions (M&A), In the past one to two years, CBEX was engaged in boosting the development of China's M&A loans. At the beginning of 2009, Beijing Capital Co., Ltd. (SHSE: 600008) signed a loan agreement with Industrial and Commercial Bank of China (ICBC; SHSE: 601398; SEHK: 1398) Beijing branch and CBEX. Thanks to the warming up economy, M&A loans will seek robust growths in 2010, forecasted industry insiders, adding that equity exchange bourses will play important roles. So far, CBEX has cooperate with 13 financial institutions, such as Bank of Beijing Co., Ltd. (SHSE: 601169), Shanghai Pudong Development Bank Co., Ltd. (SHSE: 600000), and Hua Xia Bank Co., Ltd. (SHSE: 600015), on M&A loans.Source: dycj.ynet.com (December 25, 2009)
