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Industrial and Commercial Bank of China Ltd

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  • China loaned $8.6 billion to Brazil, $7 billion to Argentina, $5.7 billion to Venezuela and $821 million to Ecuador in 2014.. Over the past two months, the presidents of Argentina, Ecuador and Venezuela have visited Beijing seeking more Chinese investments, and left with billions of dollars in commitments. The big unknown now is how long that Chinese generosity...

  • Feb 26- Hong Kong shares finished up on Thursday after a strong rally on Chinese markets, but underperformed mainland boards as Hong Kong investors sold off selected heavyweights in real estate, information technology and gaming giant Sands China, seen as hurt by China's anti-corruption campaign. The Hang Seng index rose 0.5 percent, to 24,902.06, while the...

  • HONG KONG, Feb 26- China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West. While China is the world's largest consumer of the precious metal, having surpassed India, daily trading of...

  • LONDON, Feb 25- Standard Bank Plc said on Wednesday its co-head of commodities, Jim Coupland, is leaving after two decades, during which he built one of the world's biggest metals banks. His departure comes at a challenging time for Standard Bank as it seeks to recoup millions of dollars in losses from a metal financing scandal in China's Qingdao port that rocked...

  • "This is a critical test for the SFC," said Michael Cheng, Asian Corporate Governance Association's research director for China and Hong Kong. The SFC and the courts have limited authority outside of Hong Kong, which means reaching beyond the territory's borders to dismantle CMR Group, a Cayman Islands incorporated holding company, will be difficult.

  • OTTAWA, Feb 17- Canada will have only three or four years to take advantage of its renminbi clearing hub before China liberalizes its capital account and so reduces the competitive advantage the hub creates, a Chinese banker key to the operation said on Tuesday. During Canadian Prime Minister Stephen Harper's visit to China in November, it was announced that a...

  • OTTAWA, Feb 17- Canada will have only three or four years to take advantage of its renminbi trading hub before China liberalizes its capital account and so reduces the competitive advantage the hub creates, a Chinese banker key to the operation said on Tuesday. During Canadian Prime Minister Stephen Harper's visit to China in November, it was announced that a...

  • CEO of struggling Chinese developer Kaisa resigns Sunday, 1 Feb 2015 | 11:04 PM ET

    China's Kaisa Group says their CEO has resigned - a further blow for the embattled property developer despite having sold some of its Shanghai assets.

  • Simmering tensions over the issue spilled into public view on Wednesday, when U.S. business lobbies urged Beijing to postpone implementing new policies to make China's finance sector more dependent on domestic technology. In a letter to China's Central Leading Group for Cyberspace Affairs, chaired by President Xi Jinping, a group of U.S. business...

  • Simmering tensions over the issue spilled into public view on Wednesday, when U.S. business lobbies urged Beijing to postpone implementing new policies to make China's finance sector more dependent on domestic technology. In a letter to China's Central Leading Group for Cyberspace Affairs, chaired by President Xi Jinping, a group of U.S. business...

  • Asian shares mixed after leftist win in Greece Monday, 26 Jan 2015 | 2:24 AM ET
    The national flag of Greece and the flag of the European Union fly above a government building on January 23, 2015 in Athens.

    Asian equities reacted nervously to the election victory of Greek leftist party Syriza on Monday.

  • SHANGHAI/ BEIJING, Jan 21- China's first stock options will launch next month with limited access to investors due to their risky nature, but their gradual rollout may benefit the real market. The China Securities Regulatory Commission will allow investors to trade only options that track the SSE50 index of the 50 biggest firms on the Shanghai bourse in the...

  • Asian stock markets enjoyed an upbeat session on Friday, but volatile trade played out in Shanghai, with the benchmark index closing down 0.2 percent after jumping to a more than 4-year high.

  • HONG KONG, Jan 8- After yuan deposits in Hong Kong saw lackluster growth for most of 2014, November brought a surprising jump. During November- the last month for which data is available- the Hong Kong- Shanghai stock connector program got under way, and China's central bank surprised markets with the country's first interest rate hike in more than two years.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended flat at 3,641.06, while the Shanghai Composite Index finished at 3,351.45 points. Among the most active stocks in Shanghai were Bank Of China, up 3.4 percent to 4.57 yuan; Agricultural Bank of China, up 1.8 percent to 3.96 yuan and Industrial and Commercial Bank of China, up 0.8 percent...

  • On the first trading session of 2015, Asian equities were quiet on the back of a lack of foreign cues and economic data releases.

  • China's bankers get first pay hike since financial crisis Wednesday, 24 Dec 2014 | 10:24 PM ET

    Chinese investment banks have awarded the first pay rises since the financial crisis, but salaries and bonuses still trail Western banks'.

  • Japan shares slip in holiday trading Wednesday, 24 Dec 2014 | 7:09 PM ET

    Traders in Japan weren't feeling overly jolly on Christmas day, with stocks there snapping a five-day winning streak, but China shares rallied, led by financials.

  • HONG KONG, Dec 25- Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China- related deals, but salaries and bonuses still trail far behind those paid by Western banks. "This is the first time since 2009 we have seen an increase of base and total compensation," said Maggy Fang,...

  • The Australian Securities Exchange with boards displaying stock movements in downtown Sydney

    Asian stocks pulled back sharply on Monday, as investors fretted about the relentless slide in energy prices and declining manufacturing sentiment in Japan. Also in focus was a hostage incident in Sydney.