The Czech Republic could soon serve as a European financial hub for China. The banking panel at the Czech-Chinese investment forum currently taking place in Prague agreed that the two countries should form a closer financial synergy. Bank of China, the fifth largest bank on the global market, already has a branch in Prague and plans to strengthen its position in the Czech Republic. The Central European Trust, established by the UK’s former finance minister, Nigel Lawson, offered to act as a mediator and consultant for both parties. The company has already brokered private equity investments worth €250bn in the CEE region. Chinese Everbright Group, based in Hong Kong, meanwhile said it would help companies that want to enter the Hong Kong Stock Exchange. The company has bought a stake in an airport in Albania to improve travel connections between the CEE region and China. Bank of Communication (BoCom) said this week that it is also considering entering the Prague market.
