Norton Rose Fulbright has advised China Development Bank Corporation (CDB) on a new strategic cooperation agreement with Barclays. This follows a previous cooperation memorandum that was signed in 2007.

The new agreement extends the banks’ cooperation to cover the international loan market and to Africa in particular, as well as covering investment banking and retail banking. The agreement is global and spans a range of services.

Wang Yi, corporate partner in the Beijing office of Norton Rose Fulbright, commented:

“We are very happy that we have another opportunity to assist CDB in relation to their continuous cooperation with Barclays six years since we assisted CDB in their first agreement with Barclays.”

The team was led in Beijing by corporate partner Wang Yi, who was assisted by associate Cui Duan.