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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.
- The number of US companies on the list has declined to 121 from 126 last year
- The contribution of state-owned enterprises has risen to 80.2 per cent of Chinese companies on the list from 76.3 per cent last year
Gu Guoming, chief governor of the branch, is regarded as one of the most powerful figures in Shanghai’s financial sector
Gu Guoming, chief governor of the branch, is regarded as one of the most powerful figures in Shanghai’s financial sector
Livi VB, the new virtual banking arm of Bank of China (Hong Kong), is a different type of business model, and the bank is not looking for it to break even in the first three years of operations, its CEO said on Thursday.
Livi VB, the new virtual banking arm of Bank of China (Hong Kong), is a different type of business model, and the bank is not looking for it to break even in the first three years of operations, its CEO said on Thursday.
Industrial and Commercial Bank of China, the world’s largest lender by assets, as well as China’s other “Big Four” banks and Ping An Insurance are all in the top 10.
Industrial and Commercial Bank of China, the world’s largest lender by assets, as well as China’s other “Big Four” banks and Ping An Insurance are all in the top 10.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
Fintech firms are increasingly positioning themselves as banks’ tech partners, rather than disrupters
Fintech firms are increasingly positioning themselves as banks’ tech partners, rather than disrupters
Chen Siqing was appointed party secretary of ICBC, the world’s largest lender, on Monday.
Chen Siqing was appointed party secretary of ICBC, the world’s largest lender, on Monday.
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
Lenders still a ‘long way’ from solving the problem of bank credit access for small firms
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.