Topic
TOPIC
Founded in 1984, Industrial and Commercial Bank of China (ICBC) is one of China's 'Big Four' state-owned commercial banks - the other three are Bank of China, Agricultural Bank of China, and China Construction Bank.
- Provincial government reprimanded dozens of financial institutions whose mobile applications infringed users’ privacy, according to a statement
- Latest effort highlights China’s continued process to contain excessive risks brought on by fintech companies
Senior Chinese bank officials expect more bad loan provisioning to come, resulting in further pressure on net profit for the full year.
Senior Chinese bank officials expect more bad loan provisioning to come, resulting in further pressure on net profit for the full year.
As the US-China tensions escalate, companies are struggling to remain apolitical on the controversial national security law. Investors look to its implementation and potential ESG pitfalls.
As the US-China tensions escalate, companies are struggling to remain apolitical on the controversial national security law. Investors look to its implementation and potential ESG pitfalls.
Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.
Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.
China’s biggest lenders new investment in products tied to commodities futures after the collapse of oil prices burned investors at home and abroad.
China’s biggest lenders new investment in products tied to commodities futures after the collapse of oil prices burned investors at home and abroad.
Hong Kong’s biggest banks are likely to announce larger reserves for bad loans as coronavirus weighs on global economy, according to analysts.
Hong Kong’s biggest banks are likely to announce larger reserves for bad loans as coronavirus weighs on global economy, according to analysts.