The Industrial and Commercial Bank of China (ICBC, 601398.SH; 01398.HK) announced on Thursday that it would strengthen cooperation with Poland in cross-border financial sector.
The ICBC and the Polish Information and Foreign Investment Agency (PAlilZ) and Poland Development Bank signed a cooperative agreement on cross-border e-commerce and trade finance as well as an agreement on finance and international capacity in Beijing.
Based on the two agreements, China and Poland aim to establish a bilateral financial cooperation mode by making an advantage of ICBC's innovative services in internet finance, cross-border and public-private partnership (PPP) finance. By far, ICBC's overseas networks have extended to 42 countries and regions in the world.
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