CDT has recently acquired and verified a collection of propaganda directives issued by central Party authorities to state media at the beginning of this year. These directives were issued on an almost daily basis in early 2020,...
Chinese environmental activist Ma Jun and Ikal Angelei, a Kenyan campaigner against a China-backed dam in Ethiopia, are among the recipients of this year’s Goldman Environmental Prize. From the Goldman Prize’s...
International Rivers has confirmed that the Industrial and Commercial Bank of China is backing Ethiopia’s controversial Gibe 3 dam, whose generating equipment is to be provided by the Dongfang Electric Corporation. While...
From the FT.com (subscription required): China is readying to move into Africa on a scale that far outstrips its acquisitions on the continent to date, according to the South African bank that is laying the groundwork....
From the Financial Times: China’s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite....
Chinese banks reported increased profits in 2007, but they’ve suffered in recent months as a result of the U.S.’s subprime-mortgage crisis. From Reuters Via Financial Times : Industrial & Commercial Bank of...
From Financial Times : Chinese banks will announce record profits for 2007 in the coming weeks in contrast with their global counterparts, which have been forced into large write-offs in the wake of the credit crisis. But 2008...
From AFP via Business Report: Industrial and Commercial Bank of China , the nation’s top lender, said it was not worried by US subprime troubles, as mortgage-backed securities were a tiny percentage of its assets. Subprime-related mortgage-backed securities amount to $1.23 billion, or 4.32 percent of the bank’s total foreign currency fixed income investments, Bank […]
From BBC News: Half-year profits at two of China’s biggest banks have surged on the back of higher lending and rising fees. Industrial & Commercial Bank of China (ICBC) , China’s biggest bank, said net profits for the six months to June rose 62% to 41.04bn yuan ($5.4bn; ¬£2.7bn) Meanwhile, Bank of China revealed net […]
After the successful IPO (of state-owned commercial banks) and the entry of foreign banks, service quality is key to banks’ competence in China. In other words, the bank that provides the best service has the most competence. From Caijing.com.cn: “We identified 130 problems in 15 categories, involving more than 200 types of transactions, as part […]
From Bloomberg News Industrial & Commercial Bank of China Ltd., the nation’s biggest by assets, plans to raise as much as $19.1 billion in the world’s largest initial public offering, four people involved in the sale said. Beijing-based ICBC plans to offer 35.4 billion shares at HK$2.56 to HK$3.07 apiece, said the people, who declined […]
From Bloomberg: Industrial & Commercial Bank of China, the nation’s biggest lender, will seek waivers from the government to help sell a record $21 billion of stock in an initial public offering, two people involved in the sale said. Conflicting regulations in Hong Kong and Shanghai are hampering the Beijing-based bank’s plan to sell about […]
From Washington Post China’s government Wednesday approved plans by the country’s largest bank, the Industrial & Commercial Bank of China, to raise $14 billion or more in one of the largest stock offerings ever. Never mind that Chairman Mao’s visage remains on all the money or that the country remains ruled by a Communist Party […]
From Bloomberg: Industrial & Commercial Bank of China, the nation’s largest lender, received regulatory approval for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai. State-owned Industrial & Commercial may raise between $10 billion and $12 billion in its Hong […]
From MarketWatch (link) Industrial & Commercial Bank of China (ICBC) aims to list in mainland China after a planned initial public offering in Hong Kong this year, an official at the bank’s news department confirmed Monday. The official, who declined to be named, confirmed comments by bank President Yang Kaisheng in the latest issue of […]
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
