LSEG and ICBC Sign Strategic Memorandum to Deepen Global Financial Market Cooperation and Cross-Border RMB Development

LSEG and ICBC Sign Strategic Memorandum to Deepen Global Financial Market Cooperation and Cross-Border RMB Development

(IN BRIEF) LSEG and Industrial and Commercial Bank of China Limited have signed a Memorandum of Understanding to strengthen long-term strategic cooperation across global financial markets, including data and analytics, trading and clearing, cross-border RMB services, sustainable finance, and financial innovation. Building on an established partnership, the agreement creates a framework for deeper collaboration that combines LSEG’s global market infrastructure and data capabilities with ICBC’s scale and influence as a systemically important financial institution. Signed in Beijing during the UK Prime Minister’s visit to China, the MoU highlights a shared commitment to advancing market connectivity, supporting UK–China financial cooperation, and contributing to the development of more integrated, resilient, and forward-looking global financial ecosystems.

(PRESS RELEASE) LONDON, 30-Jan-2026 — /EuropaWire/ — LSEG has signed a Memorandum of Understanding with Industrial and Commercial Bank of China Limited to deepen long-term strategic cooperation across global financial markets, data and analytics, cross-border renminbi services, sustainable finance, and financial innovation. The agreement strengthens an established relationship between two of the world’s most influential financial institutions and sets out a framework for expanding collaboration across a wide range of market infrastructure and financial services activities.

The MoU is designed to enhance cooperation in capital markets, trading and clearing, financial data and analytics, RMB-related business, and emerging technologies. By aligning LSEG’s global market infrastructure, data, and post-trade capabilities with ICBC’s scale, reach, and influence as a global systemically important bank, the partnership aims to unlock new opportunities for issuers, investors, and financial institutions operating across international markets.

A key focus of the agreement is supporting greater connectivity between markets, particularly in the context of cross-border RMB development and sustainable finance. Through closer collaboration, the two organisations intend to contribute to the evolution of global financial ecosystems by improving access to market intelligence, strengthening trading and clearing linkages, and fostering innovation in financial products and services.

The partnership also reflects a shared commitment to advancing financial innovation while supporting stability and transparency across global markets. By working together on data-driven solutions and next-generation financial technologies, LSEG and ICBC aim to respond to the growing demand for more integrated, resilient, and sustainable financial systems.

The Memorandum of Understanding was signed in Beijing on 29 January 2026 during the UK Prime Minister’s visit to China. The agreement was executed by Fiona Bassett, Chief Executive Officer of FTSE Russell, an LSEG business, on behalf of LSEG, and Zhang Weiwu, Vice President of ICBC, underscoring the strategic importance of the collaboration within the broader context of UK–China financial cooperation.

LSEG continues to play a central role in the global financial system as a leading provider of financial markets infrastructure and data. Headquartered in the United Kingdom, the group operates across data and analytics, indices, capital formation, and trading, clearing, and risk management services, with a global footprint spanning more than 65 countries and a significant presence across the Asia-Pacific region.

About LSEG

LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.

LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.

LSEG’s ticker symbol is LSEG.

For further information please contact: newsroom@lseg.com

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SOURCE: LSEG