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.


Jean-François Deroche, Senior Regional Officer for Asia-Pacific, Crédit Agricole CIB, said: “Asia-Pacific has always been a key, strategic footprint for the Bank, and mainland China plays an important role in our regional ambition. As an addition to the extensive Crédit Agricole CIB global network, this new, strategic set-up will strengthen the Bank’s capabilities to connect local and international clients to investment opportunities, both inbound and outbound, presented by the world’s second largest economy.”





Sébastien Pailhole, Head of Global Investment Banking for Asia-Pacific, Crédit Agricole CIB, said: “The WFOE marks the beginning of a new chapter for our investment banking business. As part of our core strategy, we are dedicated to fostering relationship with clients and prospects in mainland China by supporting their investment strategies through our best-in-class advisory services.”





Huai Yang, Head of Credit Agricole (Beijing) Advisory Services, said: “The WFOE effectively puts us in close proximity to all local and international clients based in mainland China, allowing us to be even more relevant and agile in responding to their evolving domestic needs. It also attests the Bank’s contribution to mainland China’s financial market development.”

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.