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Industrial and Commercial Bank of China Ltd

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  • *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...

  • Asia stocks mixed after end of QE; earnings in focus Thursday, 30 Oct 2014 | 3:05 AM ET

    Asian equities ended mixed on Thursday as investors reacted to the end of quantitative easing in the U.S. and the region's latest earnings.

  • 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.

  • BEIJING/ SHANGHAI, Oct 15- A day after China International Capital Corp's high-profile chief executive resigned, sources said on Wednesday that its chairman would also quit this year, highlighting the declining fortunes of the country's first investment bank. CICC made its name shepherding the biggest state-owned enterprises onto the Shanghai and Hong...

  • MOSCOW, Oct 14- Gazprom discussed possible trade and corporate financing along with bond issues with Industrial and Commercial Bank of China Limited, one of the world's biggest, the Russian state-controlled gas company said in a statement. In May, Gazprom has signed a $400- billion gas deal to supply China with gas over 30 years. Gazprom added that bond issues...

  • SHANGHAI, Oct 10- Hong Kong shares tumbled nearly 2 percent on Friday on weakness in global equity markets plus jitters over a possible flare-up in pro-democracy protests in the city. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.7 percent. The financial sector fell, erasing gains from Thursday, with Industrial and Commercial Bank...

  • SHANGHAI, Oct 10- Hong Kong shares slid on Friday afternoon, heading for their biggest percentage decline in two weeks on weakness in overseas markets and jitters over a possible flare up in pro-democracy protests in the city. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.7 percent. "The Hong Kong stock market is just following the...

  • SHANGHAI, Oct 9- Hong Kong shares finished higher on Thursday, buoyed by gains in global markets on expectations that the Federal Reserve would keep interest rates low for a longer period. The financial sector performed well, with Industrial and Commercial Bank of China rising 0.6 percent, China Construction Bank climbing 1.6 percent and HSBC Holdings PLC...

  • SHANGHAI, Oct 9- China shares retreated on Thursday as investors booked profits after a key index hit a 20- month high the previous day and ahead of major economic data next week. The Hang Seng Index gained 0.9 percent to 23,477.84 points, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 0.7 percent. "The main reason behind the fall is...

  • YANGON/ SINGAPORE, Oct 8- Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it's not a warm welcome, at least not yet. Nevertheless, with growth forecast at an annual 8.5 percent over the next few years, according to the International Monetary Fund's latest projections, and an economy where bank...

  • "Given its size, economic potential and its strategic position between China and India, Myanmar is forecast to be one of the fastest growing economies in the region over the medium term," Andrew Geczy, CEO of international and institutional banking for Australia and New Zealand Banking Group, said in a statement.

  • YANGON, Oct 1- Myanmar has granted nine foreign banks, including three Japanese lenders and Australia's ANZ, approval to operate on a limited basis- a move aimed at spurring foreign investment in an economy emerging from decades of military rule.

  • BEIJING, Sept 30- China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.