Industrial and Commercial Bank of China Ltd (601398.SS)
22 Aug 2019
July 30 The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email email@example.com.
* ICBC and Cinda to take a combined 17.3% stake in Bank of Jinzhou
BEIJING, July 28 The Industrial and Commercial Bank of China (ICBC), , the country's largest lender by assets, said on Sunday its wholly owned unit had signed an equity transfer agreement to invest in the troubled Bank of Jinzhou.
* S&P Global (China) Ratings assigns AAA rating to ICBC Financial Leasing
BEIJING, June 6 The head of the Shanghai branch of Industrial and Commercial Bank of China Ltd is under investigation for "suspected serious disciplinary violations", China's Central Commission for Discipline Inspection (CCDI) said in a statement.
BEIJING Postal Savings Bank of China said on Thursday it will raise the proportion of equity investments in its holdings, a move that indicates a further shake-up of country's capital markets as large banks spin off their wealth management units.
BEIJING, June 6 Postal Savings Bank of China said on Thursday it will raise the proportion of equity investments in its holdings, a move that indicates a further shake-up of country's capital markets as large banks spin off their wealth management units.
BEIJING/SINGAPORE China's five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown.
* Two brokerages expected an avg 4.3 pct rise in ICBC Q1 profit
HONG KONG (Reuters Breakingviews) - Giant lenders like the $290 billion Industrial and Commercial Bank of China are ramping up loans to small businesses at the behest of Beijing. That will check their bias towards large state-owned enterprises. But it ignores perverse incentives at work within the banks and it is a misguided way to stimulate private investment.