China’s Ping An Insurance and Israel’s Bank Leumi have signed a strategic cooperation agreement to promote easier entry and integration of Israeli technology-focused firms into the Chinese market. The deal was inked during Israeli Prime Minister Netanyahu’s visit to China, commemorating 25 years of diplomatic relations between the two nations.
Currently, Leumi Bank is the only bank from Israel that has operations in China, giving it close working relationships with leading figures in the rapidly growing Chinese business sector.
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