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Beijing, 22 March 2025 –  CITIC Group and Standard Chartered Bank signed a Memorandum of Understanding (MoU) in Beijing to further deepen their comprehensive strategic cooperation in China and overseas markets.Xi Guohua, Chairman of CITIC Group, and Bill Winters, Group Chief Executive of Standard Chartered, attended the signing ceremony.

According to the MoU, both parties will maximise their respective strengths in providing comprehensive finance and global network advantage, by fully supporting the implementation of each other's internationalisation strategy, and strengthening cooperation in interbank business, trade finance, syndicated loans, custody business, financial market trading, capital markets business, and personal financial services. The two parties will strengthen innovative cooperation in the field of sustainable development and sustainable finance, working together to build a sustainable ecosystem, and jointly help more clients achieve green and low-carbon development. The cooperation will also actively serve China's enterprises to "go global", expand global market participation, and help bring more multinational companies with advanced technology and medium-to-long term capital to invest into China.

Xi Guohua, Chairman of CITIC Group comments, “CITIC Group comprehensively integrates its industrial and financial resources to support its cross-border service brands. Together with Standard Chartered, we will utilise the complementary advantages of two markets and two types of resources to further deepen innovation and cooperation in the financial sector. We also welcome more foreign enterprises to invest in China and jointly embark on mutual beneficial global collaboration.”

Bill Winters, Group Chief Executive of Standard Chartered comments, "Standard Chartered Bank and CITIC Group have been working together for more than 30 years. As an international bank operating in China, our role  as a ‘super connector' allows us to provide professional support for CITIC Group's strategic blueprint and sustainable development, as CITIC expands its business domestically and internationally." 

In 2024, CITIC Group launched the service brand “CITIC, your trusted partner for going global and coming to China”,  leveraging its full-spectrum financial licenses and innovative industrial resources to provide comprehensive cross-border financial services for individuals and enterprises. By fostering cross-border cooperation in various industries, CITIC Group continuously supports global institutions in investing in China, contributing to a high-level opening-up.