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.
