KUALA LUMPUR, Feb 5 (Bernama) -- Asia Pacific Investment Bank (“APIB”) has officially signed a cooperation framework agreement with Donghai International Financial Holding Company (“DongHai International”), a China government linked enterprise from Jiangsu Province. Under the said cooperation, both parties will collaborate across various sectors such as financial bonds, wealth management, fund investment, cross border transaction, Islamic financing and etc.
 
APIB’s CEO, Mr Chris Wang stated that the One Belt One Road (“OBOR”) Initiatives open up historical opportunities for Chinese enterprises and at the same time promoting the spirit of win-win situation of the traditional Chinese culture. Through the cooperation with DongHai International, APIB is demonstrating that Chinese enterprises are actively venturing their businesses outside of China. He added that the cooperation will not only promote integrated development across Greater Bay Area, ASEAN as well as Asia Pacific Region; but also to enhance the efficiency, stability and accuracy of capital flows.
 
“The signing of this cooperation framework agreement will not only strengthen the fundamental of cooperation with investment bank but at the same time, open up more possibilities for various business cooperation between parties ranging from investment, asset management, cross border and any other sectors. Thus, the cooperation will contribute to national agenda of OBOR initiative in financial development.” Says Mr Chris Wang.  

APIB is an offshore investment bank initiated by China Zijin Investment Group and approved by the Labuan Financial Services Authority of Malaysia in 2015. In 2017, the bank was officially given its investment banking license by the authorities. This spurs the pilot project for Zijin Investment Group to carry out international financial service for countries participating in the OBOR Initiative. Currently, APIB has five business segments, which are investment banking, asset management, international trade finance, global trading and Islamic finance. In addition, APIB’s special focus is in digital financial services which will complement the other key services. 

In conclusion, APIB provides a diversified investment solution to domestic and foreign customers and fulfil their numerous needs of cross border/ international transactions.
 
Meanwhile APIB’s partner, Donghai International is fully owned subsidiary of Donghai Securities Company Limited (“Donghai Securities”). It has obtained approval from the China Securities Regulatory Commission and Hong Kong’s Securities and Futures Commission back in August 2015. The company serves as a vital platform for Donghai Securities’ penetration to the global market. Despite being a latecomer as a Mainland broker based in Hong Kong, the organisation is catching up rapidly by seizing the opportunity of the internationalisation of the Chinese Renminbi. This is part of the current trend where Chinese families are purchasing assets overseas. Additionally, Donghai International remains steadfast to its principles and strength such as uniqueness, talent-laden, professional and integrity centric to provide a financial service platform. This includes a one stop service centre to assist numerous high net worth individuals in allocation of global assets portfolio for their family wealth. 

SOURCE: Asia Pacific Investment Bank (APIB)

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--BERNAMA