British bank Barclays and the China Development Bank have signed a new strategic memorandum.
The move is said to be part of CDB's broader goal of becoming a commercial lender.
China Development Bank became a shareholder in Barclays in 2007.
The two firms' existing cooperation has been focused mainly on staff training and banking opportunities within China.
For more on this, we're joined live now by Cao Can, CRI's Financial Commentator.
