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Using IPR as surety for bank financing

Business | Banking
2009-11-16

CHINA has launched a national pilot project to provide loans to companies that are eligible to put up their intellectual property rights like patents as collateral. At last Friday's launching ceremony in Guangzhou,...

ICBC buys 19% of Thai lender

Business | Banking
2009-10-1

THE Industrial and Commercial Bank of China, the world's largest lender by market value, has reached an agreement with the Bangkok Bank of Thailand to buy a 19.26 percent stake in Thailand's ACL Bank. Under the...

ICBC's billions help trade

Business | Banking
2009-7-17

THE Industrial and Commercial Bank of China, the world's largest bank by market value, said it offered 110 billion yuan (US$16.1 billion) in new loans to help finance trade, at a time when its Western peers shied...

ICBC buys stake to grow business

Business | Banking
2009-6-5

INDUSTRIAL and Commercial Bank of China, the world's largest lender by market value, announced yesterday that it would buy a 70 percent stake in a Canadian subsidiary of the Bank of East Asia for C$80.25 million (US$73...

Goldman sells part of ICBC holding

Business | Asset management/M&A
2009-6-3

GOLDMAN Sachs has raised more than US$1.9 billion after selling part of its stake in the Industrial and Commercial Bank of China as the United States investment firm seeks to repay government bailout funds. Goldman...

Two Investors Sell Combined US$1.9b Stake In ICBC

Business | Banking
2009-4-29

THE Industrial and Commercial Bank of China said Allianz SE and American Express Co sold a combined US$1.9-billion stake in the lender on expiry of a share lockup period yesterday. Allianz sold 3.216 billion Hong...

ICBC and ABC post profit rise

Business | Banking
2009-4-28

THE Industrial and Commercial Bank of China, the country's biggest commercial lender by assets, said yesterday that its quarterly profit rose 6 percent from a year earlier despite a double-digit fall in interest income. ...

Stricter oversight sees drop in loans

Business | Banking
2009-4-22

OUTSTANDING loans in China were said to have fallen in the first two weeks of April amid a backdrop the authorities are tightening scrutiny over lending by banks. But analysts said yesterday it was still too early...

High-Flying ICBC

Business | Banking
2009-3-26

THE Industrial and Commercial Bank of China, the world's largest bank by market value, had become the most profitable lender in the world by posting a 35.2-percent rise in after-tax profit last year, it said yesterday. ...

ICBC and Goldman talk about US bank trimming its stake

Business | Banking
2009-3-25

GOLDMAN Sachs Group Inc and the Industrial and Commercial Bank of China have been in discussions about the New York bank reducing its stake in the world's largest financial institution, according to a report yesterday. ...