China’s CICC Eyes Middle East, Southeast Asia in Global Push

China International Capital Corp., one of the nation’s largest brokerages, is seeking to tap growing demand for cross-border financial services in the Persian Gulf and Southeast Asia as the firm pushes its global expansion.

Beijing-based CICC is gearing up to open a new branch in Dubai to target sovereign wealth funds and conglomerates in the Gulf region, according to Wang Hanfeng, deputy president for CICC International. It’s also exploring more Southeast Asian markets, after having opened a representative office in Vietnam last year and a Singapore unit in 2008.

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