BOC International Holdings Limited (BOC International) has recently signed a strategic cooperation agreement with Russia's Gazprombank in Moscow. Under the agreement, the two sides will cooperate in fields such as investment banking, capital market and securities trading, structured and leverage financing, brokerage service, assets management, direct investment and private banking.
With the rapid development of Russia's economy in recent years, a growing number of Russian enterprises hope to seek financing by listing in Hong Kong. BOC International has been the sponsor and book runner for Russian enterprises listed in Hong Kong including UC RUSAL (the first Russian enterprise listed on the main board of the Hong Kong Stock Exchange) and IRC. Also they headed to Russia with Hong Kong Exchanges and Clearing Limited to pitch Hong Kong listing business, thus establishing favorable brand image and good customer relations in Russian business circle.
The agreement's conclusion will lay the groundwork for the two sides to broaden cooperation space. As the main platform for BOC's investment banking operations, , BOC International will continue helping Gazprombank with its operations in the Russian capital market by its experience and advantage in internationalization. With tremendous strength in Russia and great influence in the international financial market, Gazprombank will further sharpen the core competitiveness of its investment banking operations to create more business opportunities.
Initiated by the world's largest natural gas company Gazprom, Gazprombank is Russia's the third-largest bank whose operations cover fields like natural gas, petroleum, petrochemical, nuclear energy, power and transportation.
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