ICBC Singapore inks collaboration with China real estate firm

It’s the third Singapore-China government project.

The Industrial and Commercial Bank of China (ICBC) Singapore has sealed the deal on a partnership with real estate firm Chongqing Liangjiang Huarong Real Estate (Liangjiang Huarong), representing the third government-to-government project between Singapore and China.

According to the release by ICBC Singapore, the bank will leverage its financial expertise and its global network to support Liangjiang Huarong with an integrated suite of financial services. This includes financial services such as mergers and acquisitions, syndicated loans, debt issuance, and global cash management.

ICBC Singapore will also collaborate with Liangjiang Huarong to boost the establishment of Singaporean firms and financial institutions in the latter’s Chongqing properties.

"The China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity holds a lot of promise for businesses in both countries, especially in terms of deepening and expanding collaborative efforts,” said Zhang Weiwu, General Manager of ICBC Singapore.