CBEX to foster overseas M

The China Beijing Equity Exchange (CBEX) will act as the main catalyst in fostering domestic and cross-border mergers and acquisitions and also look to list itself in the near future, according to its chairman Xiong Yan.

"CBEX will play an active role in M&As and recently signed a cooperation agreement with Industrial and Commercial Bank of China (ICBC) and some other banks. As part of this, we facilitated the country's first M&A loan from ICBC in January," he said.

Xiong said the bourse intends to offer a broader platform for its clients through partnerships with global bourses. "We have set up joint-venture equity exchange bourses in Italy, the US and Japan, and will soon open one in Africa."