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Photograph taken on Feb. 22, 2022 exhibits company who unveiled plaque of CBC Capital & Fairness Administration Ltd. in Dhaka, Bangladesh. (Xinhua)
The CBC Capital & Fairness Administration Ltd., the primary Chinese language-owned capital administration agency in Bangladesh, was launched in Dhaka to supply a brand new platform for Chinese language enterprises to enter the Bangladeshi capital market.
DHAKA, Feb. 23 (Xinhua) — A Chinese language-owned capital administration agency, CBC Capital & Fairness Administration Ltd., was launched in Dhaka on Tuesday, providing a brand new platform for Chinese language enterprises to enter the Bangladeshi capital market.
Chinese language Ambassador to Bangladesh Li Jiming mentioned the launching of this new agency creates a capital administration platform devoted to offering service provider banking companies to Chinese language and different international traders in Bangladesh.
“It can play a significant position in boosting the arrogance of international funding to Bangladesh and contributing to the event of the nation’s capital market,” he mentioned.
Noting that the quickly creating Bangladeshi financial system is a lovely funding vacation spot for Chinese language traders, the ambassador mentioned he hoped the 2 nations will construct a win-win partnership via capital and fairness administration cooperation.
Bangladeshi Ambassador to China Mahbub Uz Zaman congratulated on the institution of the corporate and mentioned Bangladesh posted a powerful GDP development of 6.94 p.c within the 2020-21 fiscal yr regardless of the COVID-19 pandemic.
The China-proposed Belt and Street Initiative has been one of many parts for assembly Bangladesh’s funding wants, together with filling up the infrastructure gaps, he mentioned.
The brand new capital administration agency will deal with company finance, mergers and acquisitions advisory, gross sales and buying and selling of shares, asset administration and funding analysis.■
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