Law Blog - WSJ.com (Free subscription) | 10/29/2009
Industrial & Commercial Bank of China reported a 19% rise in third-quarter net profit as a pickup in China's economic growth continued to drive demand for loans.
People Daily (Free subscription) | 10/30/2009
China's Industrial and Commercial Bank (ICBC) and the Bank of China both reported third-quarter profit that exceeded analysts' estimates, buoyed by a loan surge and lower provisions for potential losses on loans and investments. Net income at ICBC rose 19 percent to 33.6 billion yuan (US$4.93 billion), cementing its status as the world's most profitable lender. Bank of China,...
Market Watch (Free subscription) | 10/16/2009
ICBC and China Construction Bank are reportedly likely to get the go ahead from Chinese authorities to invest in Taiwanese banks, potentially taking stakes of up to 20%.
Reuters UK (Free subscription) | 10/12/2009
* ICBC, Bank of China, CCB say Huijin recently bought shares
Law Blog - WSJ.com (Free subscription) | 09/30/2009
ICBC, China's largest bank by assets, is buying Thailand's ACL Bank, the first cross-border acquisition by a Chinese financial institution in Thailand
Law Blog - WSJ.com (Free subscription) | 10/30/2009
By SINGAPORE -- Asian share markets were higher Friday after stronger-than-expected third quarter U.S. GDP data restored some confidence in recovery prospects.Encouraging earnings from Korea's Samsung Electronics and Hong Kong-listed banks ICBC and Bank of China were also lending support.Hong Kong's Hang Seng had risen 3.1% while China's Shanghai Composite was 1.8% higher...
Law Blog - WSJ.com (Free subscription) | 10/30/2009
By and SINGAPORE -- Asian share markets were higher Friday after stronger-than-expected third quarter U.S. GDP data restored some confidence in recovery prospects.Encouraging earnings from Korea's Samsung Electronics and Hong Kong-listed banks ICBC and Bank of China were also lending support.Hong Kong's Hang Seng had risen 3.1% while China's Shanghai Composite was 1.8% higher...
Law Blog - WSJ.com (Free subscription) | 10/30/2009
By and SINGAPORE -- Asian share markets were higher Friday after stronger-than-expected third quarter U.S. GDP data restored some confidence in recovery prospects.Encouraging earnings from Korea's Samsung Electronics and Hong Kong-listed banks ICBC and Bank of China were also lending support.Hong Kong's Hang Seng had risen 3.1% while China's Shanghai Composite was 1.8% higher...
People Daily (Free subscription) | 10/16/2009
On October 15, a spokesperson for the China Banking Regulatory Commission (CBRC) denied reports by some media that the CBRC has approved the China Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) to purchase shares in Taiwan-funded banks, saying this is just a rumor. The Chinese mainland and Taiwan are actively promoting cross-strait...
People Daily (Free subscription) | 09/29/2009
Central Huijin Investment Ltd, the domestic arm of China's sovereign wealth-fund, has completed a rescue scheme to increase shareholdings in China's three largest banks, which was set in motion in the wake of the financial crash, according to the lenders. But the retreat of the major stock rescuer would not likely drag down market sentiment and the market has pulled out of the worst,...
