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Stocks Industrial and Commercial Bank of China Ltd

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  • *HSBC plans to quadruple staff numbers. The station, 90 kilometres north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometres into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...

  • SHANGHAI, June 15- Senior executives of listed firms in China have stepped up the pace at which they are selling shares in their own companies, suggesting they may have doubts about whether their stock prices can go much higher. "It's a vote of confidence," said Hong Hao, chief strategist at Bank of Communications International. Between June 1 and June 3, Jia Yueting,...

  • China manufacturing

    HSBC is betting on China's Pearl River Delta for growth, but the region's patchy development underlines the risks in the bank's Asia "pivot" strategy.

  • *HSBC plans to quadruple staff numbers. The station, 90 kilometers north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometers into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...

  • *ICBC, CITIC Trust arguing over who is accountable. BEIJING, June 11- China's biggest state-owned bank and trust company are arguing over who should be held accountable after two high-yield trust products they were both involved in failed, leaving investors owed 500 million yuan. The product was scheduled to mature in March, but the ultimate borrower, mining and...

  • June 8- Hong Kong stocks edged up on Monday, led by mainland banking heavyweights on expectations that Beijing will step up reforms in the state sector. China's biggest banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications all ended the day firmer, on expectations...

  • China's Shanghai Composite index clinched fresh seven-year peaks on Monday, outperforming the region which has largely seen a mixed performance.

  • BEIJING/ HONG KONG, June 8- Five Chinese banks are set to issue interbank certificates of deposit to foreign financial institutions inside the Shanghai Free Trade Zone, the latest step of the city's financial reforms, four sources with direct knowledge of the matter told Reuters. Three of China's "Big Four" state-owned lenders, China's Industrial and Commercial...

  • BEIJING, June 8- Five Chinese banks are set to issue interbank certificates of deposit to foreign financial institutions inside the Shanghai Free Trade Zone, four sources with direct knowledge of the matter told Reuters. Three of China's "Big Four" state-owned lenders, China's Industrial and Commercial Bank of China Ltd, China Construction Bank Corp and Bank of...

  • Investors watch computer screens at a stock exchange hall in Fuyang, China.

    Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses, while Japan was the "quiet achiever" for the day.

  • HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...

  • SHANGHAI/ HONG KONG, May 25- When Chinese flight booking operator Baitour needed cash to grow its business last year, it opted against using Industrial and Commercial Bank of China, its long-term lender and the world's largest bank, turning instead to Internet finance startup Jimu Box. For Baitour, getting funds via Jimu Box, a peer-to-peer online platform that...

  • SHANGHAI, May 21- China could fully liberalise its interest rate regime as early as July and almost certainly by the year-end, according to money market traders gearing up for the change. "July is a window because it will be the second anniversary of China's liberalisation of its loan rates in July 2013," he said. But banks' response to the change was muted, with China's...

  • DUBAI, May 20- An $85 million loan taken out by a Ugandan bank this year points to an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia. Stanbic Bank Uganda originally intended to raise $75 million through the 18- month deal in January, but expanded that because of strong interest from banks wanting...

  • On his first official trip to Latin America, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef and a long-discussed plan to build a railroad over the Andes to the Pacific. The fund was another sign of China flexing its financial might in Latin America, a...

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...

  • SAO PAULO/ BEIJING, May 15- Industrial and Commercial Bank of China Ltd, the world's largest bank by assets, said on Friday it is not aware of plans to create a $50 billion fund to finance infrastructure investments in Brazil. "ICBC highly values the cooperation with Brazilian financial institutions and will actively promote China and Brazil economic...

  • Asian equities mixed on stronger currencies, earnings Thursday, 14 May 2015 | 3:41 AM ET
    A board of stock indicators shows upward momentum on the floor of the New York Stock Exchange.

    Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.

  • BRASILIA, May 13- Caixa Econômica Federal, Brazil's top mortgage lender, and the Industrial and Commercial Bank of China Ltd will create a $50 billion fund for Brazilian infrastructure investments, two government sources with knowledge of the plans said on Wednesday. The governments agreed the fund will finance a railway link from Brazil's Atlantic coast to...

  • Asia shares mixed; Greece, Australia budget eyed Tuesday, 12 May 2015 | 4:43 AM ET

    Asian shares traded mixed on Tuesday, as investors weighed a raft of earnings and kept an eye on Australia's federal budget and Greece's debt crisis.