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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.
- Lenders still a ‘long way’ from solving the problem of bank credit access for small firms
Huarong transformed from China’s biggest processor of distressed assets into one of the country’s largest debtors in the span of two decades.
Huarong transformed from China’s biggest processor of distressed assets into one of the country’s largest debtors in the span of two decades.
Nation’s largest bank by assets delivers net profit of US$45.6 billion, a 2.8 per cent gain on 2016
Nation’s largest bank by assets delivers net profit of US$45.6 billion, a 2.8 per cent gain on 2016
US central bank instructs Chinese lender to establish a system that properly assesses risks associated with products and customers, including ‘politically exposed persons’, at its New York branch
US central bank instructs Chinese lender to establish a system that properly assesses risks associated with products and customers, including ‘politically exposed persons’, at its New York branch
Hong Kong is aiming for an 18 per cent share of an industry that can create 15,340 jobs, add HK$10 billion in tax receipts and contribute HK$430 billion to the city’s economy.
Hong Kong is aiming for an 18 per cent share of an industry that can create 15,340 jobs, add HK$10 billion in tax receipts and contribute HK$430 billion to the city’s economy.
Bad debt at the mainland's biggest banks continued to climb in the third quarter, sparking a warning on mounting risk and potential corporate defaults from a top central bank official.
Bad debt at the mainland's biggest banks continued to climb in the third quarter, sparking a warning on mounting risk and potential corporate defaults from a top central bank official.
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.