Bank of Communications deepening ties with tech firms
Bank of Communications Co Ltd is deepening cooperation with technology companies by providing them with full life cycle financial services covering investment, financing, initial public offerings, mergers and acquisitions, and wealth management to take advantage of the launch of the Nasdaq-style STAR Market.
About 37 percent of China's unicorn companies, tech startups valued at over $1 billion, are located in the Yangtze River Delta region, a major origin for technological innovation.
As one of the country's largest State-owned commercial lenders by assets, Bank of Communications has supported the landing of more than 280 financial technology projects in the region, bank Executive Vice-President Lyu Jiajin said at a news conference in Beijing on Thursday.
