LSEG and ICBC (Industrial and Commercial Bank of China Limited) today announced the signing of a Memorandum of Understanding (MoU) to strengthen long‑term strategic cooperation across global financial markets, data and analytics, cross-border RMB, sustainable finance, and financial innovation.
The agreement reinforces the long‑standing partnership between two of the world’s leading financial institutions and creates a framework for expanding collaboration in capital markets, trading, clearing, data, RMB business and emerging technologies.
Fiona Bassett, CEO FTSE Russell, an LSEG business, said: “ICBC has been a valued partner of LSEG for many years, and today’s agreement marks an important next step in strengthening that relationship further. By combining ICBC’s scale and influence with LSEG’s global data, trading and post‑trade capabilities, we will be creating new opportunities for issuers, investors and institutions worldwide.”
Mr. Zhang Weiwu, Vice President at ICBC, said: “As a global systemically important bank, ICBC together with LSEG, as a leading global financial market infrastructure provider, are two highly respected institutions in our respective countries. We look forward to further deepening our relationship with LSEG, jointly advancing financial innovation, market connectivity and cross-border RMB development, and to delivering concrete outcomes for UK-China cooperation and the broader global financial market ecosystem.”
The Memorandum of Understanding on the strategic collaboration was signed in Beijing on 29th January 2026 by Fiona Bassett, on behalf of LSEG and Zhang Weiwu, Vice President of ICBC, during the UK Prime Minister’s visit to China.
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LSEG creates opportunity across the global economy. We unlock the power of markets for customers all over the world.
Through our open ecosystem of markets infrastructure and data solutions, we partner with our customers at every stage of trading – to make accessing and deploying capital simpler, faster and more effective.
Our insights bring clarity to complexity, and our critical services ensure resilience and stability. We enable our customers to act with confidence and conviction, with trust and integrity at the heart of everything we do.
Backed by more than three centuries of experience, we are at the forefront of change and market innovation. Our exceptional people collaborate across borders and disciplines, delivering excellence and putting our customers first. We reimagine the way our industry works and operates – and with our deep expertise, global scale and trusted partnerships, we turn ideas into reality.
From scaling new technologies to shaping new markets, LSEG is driving the transformation of global finance. We move the financial system forward every day – to make more possible for our customers.
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