China Securities opens regional banking office in Dubai

By Zawya

By Staff Writer

China Securities, the Beijing-headquartered investment bank has opened its regional office in the Dubai International Financial Centre (DIFC).

China Securities is the latest name in a growing number of Chinese investment banks setting up office in the UAE, which includes Bank of China, China Construction Bank, China International Capital Corporation Limited, among others.

According to DIFC, China’s five largest banks collectively account for more than 30% of total assets in its banking and Capital Markets sector.

(Writing by Bindu Rai, editing by Seban Scaria)

bindu.rai@lseg.com

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