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

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

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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