INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD
SSE or SZSE Delayed Price. Currency in CNY
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- Jan 3 , 2018
Ant Financial Pays USD30 Million Penalty After US Nixes Its MoneyGram BuyoutAnt Financial Services Group has had to drop its planned acquisition of the world’s second-largest remittance service provider MoneyGram International Inc. [NASDAQ:MGI] after the Committee on Foreign Investment in the United States (CFIUS) refused to clear the deal, Chinese media reported.
- Dec 12 , 2017
Kweichow Moutai, Midea Make CCTV’s List of Top Ten A-Share Companies for Second Year RunningState-owned broadcaster CCTV released rankings of the top 10 A-share-listed companies at a finance forum held on Dec. 12, naming those with the highest investment value.
- Dec 12 , 2017
Li Xiaopeng Takes Helm at State-Owned China Everbright as Tang Shuangning DepartsLi Xiaopeng, general manager of China Merchants Group, will take over from Tang Shuangning, who is departing from his role as party chief and chairman of state-owned financial firm China Everbright Group, Sina Finance reported.
- Dec 6 , 2017
ICBC Gives Guangzhou City Construction Investment Group USD3 Billion to Develop Rental HousingThe Guangdong branch of Industrial and Commercial Bank of China [SHA:601398] (ICBC), one of China’s large state-owned banks, inked an agreement with Guangzhou City Construction Investment Group Co. yesterday, per which it will provide a CNY20 billion (USD3 billion) line of credit to the latter to boost its rental housing business, New Express reported today.
- Dec 5 , 2017
Investors Will Put USD1.9 Billion Into Aluminum Corporation of China Units via Debt-to-Equity SwapsAluminum Corporation of China Ltd. [SHA:60160] (Chalco) will introduce eight investors to pump USD1.9 billion (CNY12.6 billion) into its four wholly-owned subsidiaries through debt-to-equity swaps, easing financial pressure.
- Dec 1 , 2017
China Will Remain Global Cryptocurrency Center Despite ICO Ban, Says CBRC AdvisorChina Will Remain Global Cryptocurrency Center Despite ICO Ban, Says CBRC Advisor. China has tightened up regulation over the digital currency market, but it does not mean that it “will hand its status as the global digital currency center to other countries,” said Yang Kaisheng, a special advisor at China Banking Regulatory Commission (CBRC) and former president of the Industrial and Commercial Bank of China [SHA:601398] (ICBC), in an interview with Yicai Global. If the government adopted a “laissez-faire” approach now, it would go overboard with market regulation in the end, affecting innovations and advances in the cryptocurrency technology, he argued.
- Nov 29 , 2017
Chinese Banks Introduce Loan Offerings to Promote Rental Housing IndustrySeveral state-owned banks including Industrial and Commercial Bank of China Ltd. [SHA:601398] (ICBC) and China Construction Bank Crop. [SHA:601939] (CCB) have introduced rental housing loan offerings to provide financing support for real estate developers and individuals as the government pushes policies to promote the industry.
- Nov 28 , 2017
Ping An Insurance Raises Holdings of ICBC H-Shares Four Times in One Month, Becomes ICBC’s 3rd Biggest ShareholderPing An Insurance Group of China [SHA:601318, HKG:2318] and its subsidiaries have increased holdings of H-shares related to the Industrial and Commercial Bank of China (ICBC) [HKG:1398] four times this month through total investment of about USD225 million (HKD1.75 billion), resulting in the insurance giant becoming ICBC’s third biggest shareholder.
- Nov 17 , 2017
First State-Owned Rental Housing Management Enterprises Inaugurated in GuangzhouChina is stepping up its efforts to encourage the development of the rental housing market. Two new state-owned rental housing management enterprises have been inaugurated in Guangzhou in southeastern China’s Guangdong province yesterday, online media outlet ycwb.com reported.
- Nov 13 , 2017
Banks Tighten Credit Lines, Set Low Loan LimitsBanks’ have tightened their credit lines on stronger demand for financing of the real economy, tougher financial regulations and strained liquidity.
- Oct 30 , 2017
China's Stock Markets Remain Weak in Afternoon TradingChina's stock markets stayed weak during the afternoon trade, with the major indexes extended losses amid market concerns over a liquidity shortage.
- Sep 27 , 2017
Six of China’s Central SOEs Sign Cooperation Deal With ICBC to Set Up Supply Chain AllianceThe Industrial and Commercial Bank of China Ltd. [SHA:601398] (ICBC) and six central state-owned industrial enterprises signed a cooperation framework agreement in Beijing on Sept. 27 to formally establish a supply chain finance alliance for central SOEs.
- Sep 13 , 2017
New Development Bank Set Up by BRICS, ICBC Embark on Strategic PartnershipThe New Development Bank, formerly known as the BRICS Development Bank, and Industrial and Commercial Bank of China Co. (ICBC) [SHA:601398] have entered into a strategic cooperation agreement. The banks will collaborate to offer high quality financial services to countries along the Belt and Road and emerging economies.
- Aug 3 , 2017
Bank of Communications Chairman Niu Ximing Takes Leave on Health GroundsBank of Communications Ltd. (BoComm) [SHA:601328; HK:3328] chairman Niu Ximing will take leave due to health reasons for an unspecified period and the board has elected vice chairman Peng Chun to perform Niu’s duties in his absence, said a statement from BoComm yesterday.