Börse Express – Commerzbank concludes a $ 1 billion cooperation for the new Silk Road

Commerzbank has a
$ 1 billion cooperation with Chinese bank ICBC
closed to benefit from the expansion of the "new Silk Road".
Frankfurt Bank targets projects within five years
5 billion US dollars (4.3 billion euros)
Trade route, China better with the rest of Asia
as well as Africa and Europe. Who shared the Dax
Corporation Thursday with. Previously, the
"Frankfurter Allgemeine Zeitung" reports on the agreement.

Cooperation is both German and European
Supporting client companies to invest in China
support Asian companies doing business in Europe,
said Nikolaus Giesbert, board member of Commerzbank. L & # 39; institute
wants loans, trade finance and hedging
Business against currency fluctuations offers as well as businesses in the
For example, in the bond issue

China wants to boost its foreign trade with the new Silk Road.
The People's Republic spends billions on new railways,
Ports and Roads / As / DP / jha

   ISIN DE0008469008 DE000CBK1001

AXC0123 2018-07-19 / 11: 28

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