CBBC Signs MoU with ICBC at the 7th China International Import Expo
The China-Britain Business Council (CBBC) has signed a Memorandum of Understanding (MoU) with Industrial and Commercial Bank of China (ICBC) on the sidelines of the 7th China International Import Expo (CIIE).
Strengthening Support for British Businesses in China
CBBC collaborates with over 500 companies and universities, many of which rely heavily on financial services to enter the Chinese market. By partnering with ICBC, CBBC aims to enhance its ability to assist British businesses in investing and expanding within China.
“ICBC London has provided invaluable services to our members, ranging from introductions and registration assistance, to facilitating account-opening services – and here at CIIE this year, are offering an essential and visible platform to exhibit through the ICBC pavilion.”
ICBC's Role at CIIE
The ICBC pavilion at CIIE offers British and European companies a clear gateway to access and succeed in the Chinese market. This collaboration demonstrates ICBC’s commitment to supporting European enterprises, especially those from the UK, in navigating China's dynamic trade environment.
“This is a vivid illustration of how ICBC is enabling European enterprises, and especially British enterprises, to gain access to and succeed in the Chinese market.”
Concrete Examples of Collaboration
- Five CBBC member companies are participating in ICBC’s Food Pavilion at CIIE, invited thanks to ICBC London.
- One company that joined ICBC’s booth last year was inspired by the Chinese market’s dynamism and the CIIE experience to directly partner with the CIIE Bureau and exhibit on its own this year.
These examples highlight how ICBC and CBBC are fostering direct engagement and growth opportunities for British firms in China.
Author’s summary: The MoU between CBBC and ICBC strengthens financial collaboration, providing British businesses with vital support and market access at CIIE, showcasing successful integration into China’s trade ecosystem.
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