Tuesday, May 18, 2021
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Tag: ICBC

China’s Big Four Banks Accelerate Lending in September

Official data points to expanded lending by China's long-standing big state-owned four banks in the month of September.

Ministry of Finance Transfers 10% of AgBank, ICBC Holdings to Social Security Fund

China is accelerating the transfer of state-owned holdings in major banks to the country's social security system.

ICBC and China Cinda to Jointly Grab Near 18% Stake in Beleaguered Bank of Jinzhou

ICBC and China Cinda Asset Management have both announced that they will acquire stakes in troubled north-eastern lender Bank of Jinzhou.

Three Big State-owned Banks Enlisted to Aid China’s Electronic Toll Collection System

Three of China's big state-owned banks are working with the country's transport authority to advance use of its electronic toll collection (ETC)...

ICBC Launches Fintech Subsidiary in Xiong’an New Area Alongside Blockchain-driven Resettlement Platform

The fintech subsidiary of China's biggest bank in terms of assets has just commenced operation in the Xiong'an New Area of Hebei...

ICBC Grabs Approval for Issuance of 70B Yuan in Preferred Shares within China

The world's largest bank in terms of assets has obtained approval from China's banking regulatory for a new issuance of preferred shares....

Combined Profits of China’s Big Six Banks Exceed 1 Trillion Yuan in 2018

The cumulative profits of China's big six state-owned banks breached the one trillion yuan threshold in 2018 on the back of healthy...

ICBC to Lead Trials for Over-the-counter Sales of Local Government Bonds

China's biggest bank is set to debut over-the-counter sales of local government bonds. According...

ICBC Becomes Fifth Big State-owned Bank to Obtain Approval for Wealth Management Subsidiary

The world's biggest bank in terms of assets has become the fifth major state-owned lender in China to obtain approval from Beijing...

Japan’s Biggest Brokerage Enters MOU for Cooperation with China’s Biggest Bank

Nomura Holdings Inc announced on Friday that it has executed a memorandum of understanding (MOU) with the Industrial and Commercial Bank of China (ICBC)...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...