News: Industrial and Commercial Bank of China Ltd (1398.HK)
31 Mar 2015
Sat, Mar 21 2015
BEIJING - China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
ISTANBUL, March 20 - Chinese authorities have given Industrial and Commercial Bank of China approval to buy a 75.5 percent stake in Turkey's Tekstilbank , the Turkish lender said on Friday, bringing the $316 million deal closer to completion.
ISTANBUL, March 20 - Chinese authorities have given Industrial and Commercial Bank of China to buy a 75.5 percent stake in Turkey's Tekstilbank from GSD Holdings, the Turkish lender said on Friday.
HONG KONG - Allianz SE struck a deal with Goldman Sachs to help the German company hedge part of its stake in China Pacific Insurance Group (CPIC) and lock in profits from two rounds of investments that Allianz made in China's third-largest insurer.
HONG KONG, Feb 5 (IFR) - Industrial and Commercial Bank of China is preparing to issue a Basel III-compliant Tier 2 bond around April, according to investors familiar with the plan.
SINGAPORE, Dec 5 (IFR) - Industrial and Commercial Bank of China's US$5.7bn offering of Basel III-compliant Additional Tier 1 capital this week improved on the distribution of the PRC's first offshore issue, showing that more investors are warming to the loss-absorbing format from Asia's biggest financial institutions.
SINGAPORE, Nov 25 (IFR) - Industrial and Commercial Bank of China will start a roadshow tomorrow for its planned offering of offshore Additional Tier 1 preference shares of up to Rmb35bn (US$5.7bn) under 144A/Reg S.
BEIJING, Nov 4 - The Industrial and Commercial Bank of China has been appointed to clear all yuan trades in Qatar, the Chinese central bank said on Tuesday.
BEIJING/HONG KONG, Nov 4 - China's central bank has decided to assign Industrial and Commercial Bank of China's Doha branch as the yuan clearing bank for Qatar, two sources familiar with the matter told Reuters on Tuesday.
* China banks set for weakest performance among Asia peers (Rewrites, adds ICBC results, fears over rising bad loans in west)