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.
- City’s government sold euro-denominated green bonds last week
- Hong Kong wants to position itself as Asia’s hub for sustainable finance as it seeks to reach carbon neutrality by 2050
Chinese banks exited the third quarter with marginal improvement in bad loan ratios. Lending to developers may still become troublesome as Evergrande and distressed peers struggle to repay.
Chinese banks exited the third quarter with marginal improvement in bad loan ratios. Lending to developers may still become troublesome as Evergrande and distressed peers struggle to repay.
HKMA allows 16 banks to sell products in Hong Kong and the mainland, while three can only sell to Greater Bay Area residents via the southbound route.
HKMA allows 16 banks to sell products in Hong Kong and the mainland, while three can only sell to Greater Bay Area residents via the southbound route.
Ping An Insurance joined the list of top 10 most admired companies for the first time in a ranking based on public perception. Dutch semiconductor equipment maker ASML knocked Apple off its perch.
Ping An Insurance joined the list of top 10 most admired companies for the first time in a ranking based on public perception. Dutch semiconductor equipment maker ASML knocked Apple off its perch.
The plight of Huarong has become the biggest test in decades of whether Beijing would still shield state-owned firms from market forces amid a renewed push by President Xi Jinping to rein in debt growth as defaults have hit records.
The plight of Huarong has become the biggest test in decades of whether Beijing would still shield state-owned firms from market forces amid a renewed push by President Xi Jinping to rein in debt growth as defaults have hit records.
Postal Savings Bank of China reported the highest first-half profit among lenders that published results on Friday. Bocom president optimistic about full-year outlook.
Postal Savings Bank of China reported the highest first-half profit among lenders that published results on Friday. Bocom president optimistic about full-year outlook.
The rescue package unveiled on Wednesday, while thin on official details, suggests President Xi Jinping’s government is for now unwilling to allow a default by one of China’s most systemically important state-owned companies.
The rescue package unveiled on Wednesday, while thin on official details, suggests President Xi Jinping’s government is for now unwilling to allow a default by one of China’s most systemically important state-owned companies.
HSBC, Industrial Commercial Bank of China (Asia) and other major banks have stopped offering mortgage loans for unfinished flats built by the world’s most indebted developer, according to people familiar.
HSBC, Industrial Commercial Bank of China (Asia) and other major banks have stopped offering mortgage loans for unfinished flats built by the world’s most indebted developer, according to people familiar.
ICBC chief economist Zhou Yueqiu says the bank will make a road map and timeline for the gradual withdrawal of coal financing.
ICBC chief economist Zhou Yueqiu says the bank will make a road map and timeline for the gradual withdrawal of coal financing.
Contingency planning has been a requirement for China’s biggest financial institutions for a decade now.
Contingency planning has been a requirement for China’s biggest financial institutions for a decade now.
Top Chinese banks report first-quarter profit growth in line with analysts’ expectations while exceeding the mainland’s industry average of a 1.5 per cent profit increase.
Top Chinese banks report first-quarter profit growth in line with analysts’ expectations while exceeding the mainland’s industry average of a 1.5 per cent profit increase.
The reprimands and the instruction by the authority for the app-providers to fix their usage breaches underscores the pitfalls in the world’s largest fintech market, where regulators are struggling to keep up with the thousands of technology start-ups that have sprouted in less than a decade.
The reprimands and the instruction by the authority for the app-providers to fix their usage breaches underscores the pitfalls in the world’s largest fintech market, where regulators are struggling to keep up with the thousands of technology start-ups that have sprouted in less than a decade.
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.