Saturday, November 6, 2010

PM Receives ICBC and BOC Chairmen

Phnom Penh, November 5, 2010 AKP --

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, received here today Mr. Jiang Jianqing, chairman of the Industrial and Commercial Bank of China (ICBC).

In the meeting, Mr. Jiang said his bank has been conducting a study to open an ICBC’s branch in Cambodia because, he explained, Cambodia is China’s good friend and neighbor, Ieng Sophalet, assistant to the Cambodian premier told reporters after the meeting.

ICBC has so far established its branches in Singapore, Thailand, Vietnam, Indonesia and Malaysia, Mr. Jiang said, adding that the upcoming ICBC’s branch in Cambodia will provide credits to hydro-power field, in which many Chinese companies have invested and to other fields as well in order to contribute to Cambodia’s development.

In reply, the Cambodian prime minister welcomed and encouraged ICBC to open a branch in the country because, he said, Cambodia-China cooperation in the future as well as now will advance incessantly.

Samdech Techo Hun Sen further asked ICBC, once being present in Cambodia, to consider providing support to companies investing in agricultural field.

On the same day, the Cambodian premier also met with Mr. Li Lihui, chairman of the Bank of China (BOC).

Samdech Techo Hun Sen thanked BOC for providing loans to Royal Group, a private company. He said private sector is a major force pushing Cambodia into development. He thus urged BOC to continue its support to other private companies, particularly those investing in agricultural field. --AKP
(By SOKMOM Nimul)

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