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Industrial and Commercial Bank of China Ltd

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  • BEIJING, Nov 21- China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt. Beijing's first rate cut in more than two years comes as factory growth stalls and the property market, long a pillar of...

  • ISLAMABAD, Nov 21- The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The deal further cements ties between Pakistan and China at a time when Pakistan is nervous about waning U.S....

  • Nov 19- China's bellwether TV ad auction was hit by the country's slowing economy and rising competition from online entertainment, but showed modest recovery from last year- at least for its cornerstone evening news program. More than 30 firms, including Industrial and Commercial Bank of China Ltd, Ping An Insurance Group Co of China and Tsingtao Brewery Co,...

  • Hong Kong shares close up on casinos, financials Thursday, 13 Nov 2014 | 3:07 AM ET

    SHANGHAI, Nov 13- Hong Kong shares rose on Thursday, lifted by consumer and casino shares and buttressed by financials. Among the most active stocks in Hong Kong were Bank Of China, up 0.52 percent to HK $3.86 per share; CCT Land Holdings Ltd, unchanged at HK $0.01 per share and Icube Technology Holdings Ltd, down 9.15 percent to HK $0.13 per share.

  • China stocks mixed at midday as mainland banks decline Wednesday, 12 Nov 2014 | 12:00 AM ET

    SHANGHAI, Nov 12- China stocks were mixed on Wednesday, dragged down by weak mainland banking shares as investors took profits after a big rally on Tuesday, but Hong Kong indexes edged up on continuing strength in offshore-listed Chinese financials. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.10 points, or 0.12 percent, to...

  • BEIJING, Nov 11- Chinese Premier Li Keqiang said on Tuesday he regrets Mexico's decision to revoke a $3.75 billion offer to Chinese companies to build a high-speed railway and wants companies in China to be treated fairly. Mexico last week rescinded the construction deal to a China- led consortium after the uncontested bid to build the high-speed rail prompted...

  • HONG KONG, Nov 6- The global journey of the Chinese currency is set to enter a new stage with the first yuan clearing bank in the Americas, to be launched in Canada soon, boding well for the growth of a yuan deposit pool and investor participation there. Canada is expected to finalise the creation of a yuan clearing center, sources familiar with the government's talks...

  • OTTAWA/ TORONTO, Nov 4- Canada expects to finalize the creation of a yuan clearing hub in the country, sources familiar with the government's talks with Chinese officials said on Tuesday, with an announcement expected during Prime Minister Stephen Harper's trip to China later this week. China has in the past two years appointed clearing banks for Taiwan,...

  • OTTAWA, Nov 4- Canada expects to finalize the creation of a yuan clearing hub in the country, a source familiar with the government's talks with Chinese officials said on Tuesday, with an announcement expected during Prime Minister Stephen Harper's trip to China in the coming week. China has in the past two years appointed clearing banks for Taiwan, Singapore,...

  • *Coincides with other Qatar investment deals with China. Industrial and Commercial Bank of China's Doha branch has been appointed as the clearing bank for yuan deals in Qatar, China's central bank said on Tuesday. "The signing of the MoU and the appointment of the renminbi clearing bank will increase the strong ties between China and Qatar and position Qatar as...

  • Chinese shares close higher, financials firm Friday, 31 Oct 2014 | 3:10 AM ET

    SHANGHAI, Oct 31- Chinese shares ended higher on Friday, with most heavyweight stocks firm as investors bet that China's government would roll out more support measures for the economy. Among financials, Bank of China Ltd rose 3.7 percent, Industrial and Commercial Bank of China Ltd gained 2.2 percent and China Life Insurance Co Ltd climbed 4.7 percent.

  • *Hong Kong indexes head for best month since July. *Mengniu rises after Danone's investment in Yashili. HONG KONG, Oct 31- Shares in Hong Kong and mainland China markets rose on Friday, helped by strength in most heavyweight stocks as investors bet that China's government will roll out more support measures for the economy.

  • HONG KONG, Oct 30- Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan buinsess. "There is big potential in the Middle East and Canada in terms of where's next for offshore yuan development, and the needs there are...

  • HONG KONG, Oct 30- Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan buinsess. "There is big potential in the Middle East and Canada in terms of where's next for offshore yuan development, and the needs there are...

  • HONG KONG, Oct 30- China financial institutions are rushing to expand their business beyond Hong Kong, aiming to broaden their investor base to Europe and the United Staets with yuan products. Asset manager GF International Investment Management told Reuters on Monday in an interview that it was looking to set up offices in New York and London next year to...

  • BEIJING, Oct 29- The Industrial and Commercial Bank of China Ltd, China's largest bank by market capitalisation, plans to expand in emerging markets and wants to be the authorized bank for clearing yuan trades in more countries, it said on Tuesday. With global use of yuan exploding in trade and investment in recent years, ICBC hopes to be the bank that clears yuan...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favour as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • SHANGHAI, Oct 20- China shares rose on Monday on speculation of further policy easing after news that the country's central bank was set to inject funds into to several banks, while Hong Kong's market gained on positive U.S. data. The People's Bank of China is set to inject about 200 billion yuan worth of three-month loans into five or six listed banks to keep...

  • Big week for Japan with data suite, BOJ Sunday, 19 Oct 2014 | 6:40 PM ET

    Japan's economy is in the spotlight in Asia's business calendar this week as investors look to a suite of economic indicators for signs of recovery following a sales tax hike earlier this year.