CCB Signs MOU with Saudi Arabia's Public Investment Fund

　　CCB (00939.HK) +0.070 (+1.266%) Short selling $605.74M; Ratio 31.926% (601939.SH) +0.090 (+1.235%) and Saudi Arabia's Public Investment Fund (PIF) signed a Memorandum of Understanding (MOU) in Beijing.

　　Zhang Yi, President of CCB, said that the bank supported the strategic development of PIF through integrated financial services, served the financial cooperation between China and Saudi Arabia, and further promoted the convergence of the “One Belt, One Road” initiative and Saudi Arabia's “Vision 2030”.

　　CCB said it would take this signing as a new starting point to fully utilise its advantages and deepen its strategic cooperation with PIF in areas including key project construction, energy cooperation, bond issuance and investment trusteeship, so as to promote the in-depth development of China-Saudi Arabia economic and trade relations, and to inject new momentum into the comprehensive strategic partnership between the 2 countries.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 16:25.) (A Shares quote is delayed for at least 15 mins.)