CICC Launches Dubai Branch to Strengthen China-Gulf Financial Ties
China International Capital Corporation (CICC), one of China's top investment banks, has officially opened its branch in Dubai International Financial Centre (DIFC), reinforcing growing financial ties between China and the Gulf region.
Operating under the name CICC (DIFC Branch), the new office is licensed by the Dubai Financial Services Authority and will serve as a key platform for the firm's Middle East, Africa, and South Asia (MEASA) operations. It also marks a significant step in CICC's international expansion strategy.
DIFC, home to several major Chinese financial institutions, serves as a strategic hub for cross-border capital flows. Nearly 30 percent of the Chinese firms operating in DIFC are Fortune 500 companies, highlighting the centre's appeal to global financial powerhouses.
His Excellency Essa Kazim, Governor of DIFC, welcomed the move, noting that it strengthens the UAE-China partnership and underscores DIFC's commitment to fostering innovation and financial excellence. 'Dubai remains a top destination for Chinese investments, particularly as we align on AI and digital transformation goals,'
he said.
CICC Chairman Chen Liang described the new branch as a vital link in the firm's global network. 'We aim to support regional clients with tailored solutions and help Chinese enterprises seize strategic opportunities abroad,'
he said, adding that the branch will play a key role in driving Belt and Road Initiative projects.
With established offices in global financial centres like New York, London, and Singapore, CICC is positioning the Dubai branch as a two-way investment gateway, offering advisory, asset management, and capital market services that bridge China and the Gulf.
News Source: Dubai Media Office
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