October 29, 2015 / 4:17 AM / 2 years ago

Germany's Volkswagen, China's ICBC sign cooperation agreement

The Industrial and Commercial Bank of China Ltd (ICBC) building is pictured behind the Puente de La Mujer (Women's Bridge) at the Buenos Aires docks April 18, 2015. REUTERS/Enrique Marcarian

BEIJING (Reuters) - China and Germany signed a framework agreement for strategic cooperation between Volkswagen AG (VOWG_p.DE) and the Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), at a ceremony overseen by German Chancellor Angela Merkel and China’s Premier Li Keqiang.

ICBC is China’s largest lender by assets, while Volkswagen boasts the top-selling car brand in China.

Reporting by Michael Martina; Writing by Jake Spring; Editing by Edwina Gibbs

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