Standard Chartered partners with Sri Lanka-China Business Council

Standard Charted announced that it has entered into a partnership with the Sri Lanka-China Business Council as their preferred banking partner to help promote the trade activities of the council. This partnership will be further strengthened with the planned links to be placed on the China Business Council’s web page which will facilitate better access to commercial and economic information on both countries.

Standard Chartered Head of Origination and Client Coverage Colin Pawley, commenting on the partnership, stated: “Standard Chartered is very proud to be associated with the council. It is a key strategic initiative of the bank, in Sri Lanka, to help develop the trade corridor with China, which we see growing to each country’s mutual benefit.  “Through our long history going back over 150 years, we have an unrivalled understanding of business in both countries and we are confident that through this partnership we shall be able to provide significant value add to existing and potential companies.”

The Sri Lanka-China Business Council was established on 26 April 2001, under the aegis of the Ceylon Chamber of Commerce, at the request of the Ministry of Foreign Affairs.

The primary objective of the council is the promotion of trade, investment, services and tourism between the two countries.

President of the Sri Lanka-China Business Council Prabath Harshakumar, speaking on the website partnership, said: “We are pleased that Standard Chartered Bank has come forward in sponsoring the Sri Lanka-China Business Council website, www.srilankachinabiz.lk, and will be working closely with the council in order develop business with China.”

Standard Chartered is the market leader in innovation, possessing unparalleled expertise in risk and asset management products, debt capital markets and offers syndicated loans and corporate finance solutions, including corporate advisory acquisitions, project finance and structured trade finance.