Wednesday, April 14, 2021
Tags Industrial and Commercial Bank of China

Tag: Industrial and Commercial Bank of China

ICBC Establishes New Senior Supervisory Office

The world's biggest bank has announced the establishment of a new supervisory office amongst its senior executives.

ICBC Enters Comprehensive Strategic Cooperative Agreement with Alibaba, Ant Financial

China and the world's biggest bank in terms of assets has just sealed a strategic partnership with e-commerce and fintech giants Alibaba...

ICBC Becomes First Chinese Bank to Issue Pound-denominated Bonds in London

Industrial and Commercial Bank of China (ICBC) has become the first Chinese-invested bank to issue bonds denominated in the British pound via...

World’s Biggest Bank Sheds Light on Its Fintech Strategy

The world's largest bank in terms of assets is adopting a unique fintech strategy that involves both an internal fintech department and...

ICBC Flags Greater Investment in Fintech as Part of Smart Bank Strategy

The world's largest lender in terms of assets has signalled increased investment in fintech as part of efforts to embrace a "smart...

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....

Chen Siqing Appointed Head of World’s Biggest Bank

The chair of Bank of China has been appointed the new head of big four state-owned lender Industrial and Commercial Bank of...

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...

ICBC Touts Transition Towards Smart Banking Via Use of Blockchains, AI and Big Data

The world's biggest lender says it is endeavouring to shift towards a "smart banking" model via the adoption of a range of new technologies,...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...