KUALA LUMPUR, Feb 5 (Bernama) — Asia Pacific Investment Bank (“APIB”) has officially signed a cooperation framework agreement with Donghai International Financial Holding Company (“DongHai International”), a China government linked enterprise from Jiangsu Province. Under the said cooperation, both parties will collaborate across various sectors such as financial bonds, wealth management, fund investment, cross border transaction, Islamic financing and etc.
APIB’s CEO, Mr Chris Wang stated that the One Belt One Road (“OBOR”) Initiatives open up historical opportunities for Chinese enterprises and at the same time promoting the spirit of win-win situation of the traditional Chinese culture. Through the cooperation with DongHai International, APIB is demonstrating that Chinese enterprises are actively venturing their businesses outside of China. He added that the cooperation will not only promote integrated development across Greater Bay Area, ASEAN as well as Asia Pacific Region; but also to enhance the efficiency, stability and accuracy of capital flows.
