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Stocks Industrial and Commercial Bank of China Ltd

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  • A man walks past a screen showing global stock market information on the street in Tokyo, Japan.

    Asian stocks slumped on Tuesday after surveys of China's mammoth manufacturing sector showed a further loss of momentum.

  • SHANGHAI/ BEIJING, Aug 28- China's largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income. State-owned Industrial and Commercial Bank of China, China's largest bank by assets, and peers Bank...

  • BEIJING, Aug 13- China's central bank has stepped up intervention in yuan trading, ordering state banks to buy yuan at designated rates on behalf of the monetary authorities, among other emergency measures, banking sources with direct knowledge of the matter told Reuters on Thursday. The yuan fell for a third day on Thursday, after the PBOC shocked markets by...

  • *Bad loans rose 322.2 billion yuan in H1 to 1.8 trillion yuan. BEIJING, Aug 6- Bad loans at Chinese banks rose 35.7 percent during the first half of 2015 as economic growth remained sluggish and manufacturers struggled, the chairman of the banking sector regulator said. Shang Fulin, chairman of China Banking Regulatory Commission, told an internal meeting last...

  • Hong Kong shares rise, led by consumer sector Wednesday, 5 Aug 2015 | 4:08 AM ET

    HONG KONG, Aug 5- Hong Kong shares rose slightly on Wednesday, shrugging off the impact from mainland shares which fell as investors remained wary following the recent volatility. ANTA Sports Products, China's top sportswear retailer by market value, saw its first-half net profit up by a fifth due to growth in sales of its children's lines and high-end FILA...

  • Hong Kong stocks slide as China markets fall Thursday, 30 Jul 2015 | 4:10 AM ET

    HONG KONG, July 30- Hong Kong shares fell on Thursday as fresh losses in mainland China markets outweighed the U.S. China Vanke was down 3.2 percent, and Guangzhou Automobile slid 2.8 percent. Tencent topped the most actively traded stocks, losing 1.1 percent, while Industrial and Commercial Bank of China's Hong Kong shares fell 1.8 percent.

  • *Emerging market funds underweight Asia despite outperformance. The problems are particularly acute in China, South Korea and Taiwan, which make up more than half of the benchmark MSCI Emerging Markets index. Global emerging markets funds had only 63 percent of their investments in Asia as of May 31, below the benchmark's weighting of 69.7 percent, according to...

  • China puts 6-month ban on big shareholders' stake cuts Wednesday, 8 Jul 2015 | 7:52 PM ET
    China stock prices

    China banned shareholders with stakes larger than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices.

  • *Shares of nearly 1,300 companies suspended on China exchanges. SHANGHAI, July 9- China's securities regulator took the drastic step of ordering shareholders with stakes of more than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global financial markets. The China Securities Regulatory...

  • Asian stocks see bloodbath amid China, Greece fears Wednesday, 8 Jul 2015 | 7:39 AM ET

    Concerns over China's relentless sell-off and Greece's debt crisis sent Asian equity markets into a tailspin on Wednesday.

  • A pedestrian is reflected in a glass window in front of a screen displaying share prices at a security firm in Shanghai.

    China was the lone bright star in Asia on Monday, after a 'No' vote in Greece ignited a wave of risk aversion.

  • SINGAPORE/ LONDON, July 1- A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer. While no immediate threat to the gold pricing dominance of London and New York, the benchmark could...

  • China trumps West in global bank ratings Monday, 29 Jun 2015 | 9:25 AM ET
    White-collars walk to their lunch break in Pudong business district in Shanghai, China.

    Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • An investor pays attention to the stock market at a stock exchange hall in Hangzhou, Zhejiang province of China.

    Mainland shares endured a sharp selloff late Thursday, while other bourses were lackluster after Greek talks hit a stalemate overnight.

  • *Bank of China recently joined London benchmark. SHANGHAI, June 25- Industrial and Commercial Bank of China Ltd, the world's largest bank by assets, said it was interested in participating in the twice-daily London gold price benchmarking process. "ICBC is very keen on participating," Zhou Ming, general manager in the bank's precious metals department said at an...

  • China scraps banks' loan-to-deposit ratio Wednesday, 24 Jun 2015 | 11:44 PM ET

    China is set to scrap its longstanding loan-to-deposit ratio requirement for banks, marking another step in reforming the sector to spur lending.

  • BEIJING, June 24- China is to scrap the country's longstanding loan-to-deposit ratio requirement, the latest in a series of measures to reform the country's commercial banking sector and get more lending into a slowing economy. China's cabinet, the State Council, published its decision late on Wednesday, as part of a draft amendment to the country's 20-...

  • Shanghai Comp lead losses in Asia on IPO concerns Thursday, 18 Jun 2015 | 3:53 AM ET
    Investors check the share prices at a security firm in Shaoxing, China.

    Chinese stocks crumbled under the weight of IPOs on Thursday, while a dovish Federal Reserve did little to help sentiment.

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications to look into taking on more private shareholding as part of the government's push to reform state-owned lenders struggling with a spike in bad loans in a slowing economy. HSBC is the largest foreign shareholder in BoCom, with a 19 percent stake, but the plan also did not mention anything about...