Crédit Agricole CIB opens wholly foreign-owned enterprise in Mainland China

The business will focus on cross-border mergers and acquisitions, encompassing purchases, disposals and capital raising.

French bank, Crédit Agricole CIB, has launched a wholly foreign-owned enterprise (WFOE) in Mainland China.

The bank also appointed Huai Yang as head of Credit Agricole (Beijing) Advisory Services Co., Ltd. and shall oversee the WFOE’s operation and develop the business segment for long-term success.

The new entity, Credit Agricole (Beijing) Advisory Services, commenced operations last 10 March. This enables Crédit Agricole to strengthen its inland strategic advisory capability on investment banking activities in China.

The Beijing entity will handle cross-border merger and acquisition, encompassing purchases, disposals and capital raising.