Hong Leong collaborates with China Development Bank

The tie-up enhances funding and knowledge exchange between the two banks.

Hong Leong Bank Bhd (HLB) has signed a finance co-operation agreement with China Development Bank Corp (CDB) to collaborate with each other in various areas including funding, financing opportunities, currency swaps, personnel exchange and training, as well as information exchange.

"This agreement effectively enables HLB to work closely with CDB, one of the three policy banks in China and one of the largest banks in China," HLB group managing director and chief executive Yvonne Chia said in a statement as reported in The Star.

She said HLB would assist CDB in market penetration, due diligence and coordination.

"HLB will be working hand in hand with CDB to share and enhance bilateral knowledge on the policies, regulations, financial market and economic development of both countries," Chia added.

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