ICBC denies

2009-2-10 | NEWSPAPER EDITION

THE Industrial and Commercial Bank of China denied a media report that it may buy a stake in Taiwan's Mega Financial Holding Co.

Gu Shu, a Beijing-based board secretary of ICBC, said in a telephone interview yesterday that the bank has not heard of such a plan. ICBC and the Bank of China are interested in buying shares in Mega Financial, which may invest in the Chinese mainland's lenders, Taipei-based Economic Daily News said last Friday.

ICBC opens up with a credit boost

THE Industrial and Commercial Bank of China said yesterday it had issued new loans worth 252.1 billion yuan (US$36.9 billion) in January in a government-driven credit boost to ease the economic slowdown. The bank...