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ICBC extends reach of services for super-rich

Business | Banking
2009-11-19

THE Industrial and Commercial Bank of China yesterday introduced its top-end private banking business in China's second-tier cities to cater for China's growing super-rich. The nation's biggest lender opened...

Allianz, Amex retain stakes in ICBC

Business | Banking
2009-10-20

ALLIANZ SE and American Express Co decided to keep their stakes in Industrial & Commercial Bank of China after a lockup period expired today. The agreements to retain the stakes, with a combined value of about...

Central SOE ETF introduced

Business | Asset management/M&A
2009-7-21

ICBC Credit Suisse Asset Management Co yesterday issued an exchange-traded fund of centrally administered state-owned enterprises on anticipation of strong profitability and mergers. The ETF, which enables investors...

ICBC raises charges on 20 banking services

Business | Banking
2009-6-23

THE Industrial and Commercial Bank of China will raise its charges on 20 personal financial services, including trans-regional savings, withdrawal and foreign currency remittance services. The country's biggest...

ICBC posts smallest rise of 26% in Q3 net

Business | Banking
2008-10-25

INDUSTRIAL & Commercial Bank of China Ltd, the world's biggest bank by market value, said yesterday that third-quarter profit rose 25.5 percent, the smallest increase since its shares began trading two years ago. ...

Shanghai index soars 9.46% at midday

Business | Securities
2008-9-19

SHANGHAI'S key stock index soared above the 2,000 psychological barrier in the morning session as it was boosted by two government measures to stabilize the market roiled by the global credit crisis. Shares surged...

ICBC poised for bonds issue

Business | Banking
2008-8-23

INDUSTRIAL and Commercial Bank of China plans to issue bonds up to 100 million yuan (US$14.6 million) to boost capital, the world's most profitable lender said yesterday. The Beijing-based bank plans to sell the...

ICBC arm seeks more jet-leasing customers

Business | Banking
2008-6-28

INDUSTRIAL and Commercial Bank of China is in talks to lease planes to airlines including Air China and China Southern Airlines, the bank's vice president said yesterday in Shanghai. The bank's leasing arm yesterday...

ICBC in talks on more aircraft leasing deals

Business | Banking
2008-6-27

INDUSTRIAL and Commercial Bank of China is in talks with carriers including Air China and China Southern Airlines to lease aircraft, vice president of the bank said today in Shanghai. "We are in talks with more...

Changes at the top in the world of banking

Business | Banking
2008-5-9

AN ICBC executive may soon be taking up the post of vice president of the Agricultural Bank of China amid a wave of position changes in the country's major lenders. Pan Gongsheng, board secretary of the Industrial...