# Credit Agricole launches China M&A and investment banking business Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-03-27 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Credit Agricole boosts China investment with new unit Meta Description: Credit Agricole has launched a new unit in China focusing on cross-border mergers and acquisitions to connect clients to investment opportunities. URL: https://financedigest.com/credit-agricole-launches-china-ma-and-investment-banking-businesshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-03-27t090202z1lynxmpej2q0asrtroptp4global-markets-banks-1736814255043-compressed.jpg) HONG KONG (Reuters) – Credit Agricole, France’s second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit. The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said in a statement on Monday. The unit which began operations on March 10 is overseen by Huai Yang as head of the operation, the bank said. The “new strategic set-up will strengthen the bank’s capabilities to connect local and [international clients to investment](https://www.financedigest.com/international-investment-soars-as-albania-steps-into-global-spotlight.html "INTERNATIONAL INVESTMENT SOARS AS ALBANIA STEPS INTO GLOBAL SPOTLIGHT") opportunities, both inbound and outbound, presented by the world’s second-largest economy”, said Jean-François Deroche, the bank’s senior regional officer for Asia-Pacific. Previously, the [bank served its Chinese](https://www.financedigest.com/swiss-bank-ubp-returns-to-chinese-markets.html "Swiss bank UBP returns to Chinese markets") advisory clients from its offshore base. Some global [banks are accelerating](https://www.financedigest.com/bank-of-canada-seen-on-hold-even-as-economy-accelerates.html "Bank of Canada seen on hold even as economy accelerates") their expansion in China with the government granting a few major licences since earlier this year. [British bank](https://www.financedigest.com/crown-agents-bank-owner-explores-sale-of-british-payments-group-sources.html "Crown Agents Bank owner explores sale of British payments group –sources") Standard Chartered won approval to set up a new securities brokerage unit in January, and J.P. Morgan and Morgan Stanley were permitted to take [full ownership](https://www.financedigest.com/sainsburys-pays-524-million-for-full-ownership-of-store-investment-vehicles.html "Sainsbury’s pays 4 million for full ownership of store investment vehicles") in their fund units in January and February, respectively. (Reporting by Selena Li; Editing by Jacqueline Wong) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---