Reuters
China International Capital Corp (3908) plans to expand its presence in Southeast Asia by opening offices in countries such as Indonesia and Malaysia, said its investment banking head, as a slump in domestic deals hurts prospects.
Founded in 1995, the Beijing-based investment bank currently has a presence in seven international financial centers outside of mainland China, including Hong Kong, New York, London and Singapore.
State-owned CICC opened a representative office in Vietnam in June, extending its presence in Southeast Asia, which is home to several fast-growing…
