People Daily (Free subscription) | 11/21/2009
Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd. (ICBC), China's largest commercial bank, the Malaysian central bank said here on Friday. Bank Negara Malaysia, or Malaysia's central bank, said in a statement issued here on Friday that the Malaysian Finance Ministry had approved the issuance of a commercial bank license to ICBC....
Xinhuanet (Free subscription) | 11/21/2009
Malaysia has approved a commercial bank license to ICBC, China's largest commercial bank, Malaysian central bank said Friday.
The Business Insider (Free subscription) | 11/11/2009
Chinese state-owned company Central Huilin Investment Co. is set to issue one of the largest yuan bond issues ever, at potentially 80 billion yuan. That's $11.7 billion. Interestingly, Huilin also happens to be a large shareholder in four major Chinese banks. (ICBC, China Construction Corp, Bank of China, and Agricultural Bank of China.) In addition, it's a subsidiary of...
crompt | 11/09/2009
The Malaysian government is to grant a banking licence to the Industrial and Commercial Bank of China (ICBC) – China’s biggest bank as part of a drive to attract investments from the world’s third-largest economy. Malaysian officials say that it is hoped to give the bank the go ahead to open branches in Malaysia during the state visit of Chinese President Hu Jintao
Reuters UK (Free subscription) | 11/12/2009
BEIJING, Nov 12 (Reuters) - China Central Huijin Investment Ltd., the domestic arm of China's sovereign wealth fund, will inject capital into Export-Import Bank of China by as soon as January, the official China Daily reported on Thursday.
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%.
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...
