Crédit Agricole CIB establishes Wholly Foreign-Owned Enterprise in mainland China


Crédit Agricole CIB announced the set-up of its Wholly Foreign-Owned Enterprise (WFOE) - Credit Agricole (Beijing) Advisory Services Co., Ltd., commencing 10 March 2023.

A milestone for Crédit Agricole CIB in China 

The new entity allows Crédit Agricole CIB to bolster its onshore strategic advisory capability on investment banking activities, reinforcing its commitment to grow with its clients in mainland China.

The scope covered by Credit Agricole (Beijing) Advisory Services Co., Ltd. is focused on cross-border merger and acquisition, encompassing purchases, disposals and capital raising. The newly-created set-up aims to support clients’ business development by connecting them to new investors and also Crédit Agricole CIB’s global sectorial and green advisory network, enabling the Bank to better serve local and international customers in mainland China. 

Appointment of Huai Yang, Head of Crédit Agricole (Beijing) Advisory Services

Huai Yang has been appointed Head of Crédit Agricole (Beijing) Advisory Services, effective immediately, to oversee the WFOE’s operation and develop the business segment for long-term success. Huai Yang reports to Sébastien Pailhole, Head of Global Investment Banking for Asia-Pacific, Crédit Agricole CIB.

About Crédit Agricole CIB in mainland China 

Having served clients in mainland China for over a century, Crédit Agricole CIB’s history in the country dates back to 1898. Today, mainland China, where Crédit Agricole CIB operates through one local incorporation – Crédit Agricole Corporate and Investment Bank (China) Limited with its five branches – Shanghai (headquarters), Beijing, Guangzhou, Tianjin, Xiamen – and a representative office in Shenzhen, has become a key growth engine for the Bank in Asia-Pacific. As a leading international corporate and investment bank, Crédit Agricole CIB offers a wide range of global markets, corporate banking, structured finance, and asset-based banking services to large corporates, financial institutions and multinational companies based in mainland China. Among the first foreign banks to be licensed for Chinese currency (RMB) operations, Crédit Agricole CIB is consistently considered one of the top Renminbi houses.


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