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Industrial and Commercial Bank of China Ltd

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  • HONG KONG, Oct 31- China's top four banks are on course for their weakest annual profit growth since going public as the central bank's interest rate cuts in the middle of the year kick in, slicing lending margins.

  • *Q3 net profit 62.44 bln yuan vs 59.9 bln yuan view. HONG KONG, Oct 30- Industrial and Commercial Bank of China Ltd, the world's biggest bank, reported a 15 percent rise in quarterly net profit, beating estimates, as interest margins widened due to increased demand for credit.

  • China's ICBC Q3 profit rises 15 pct, beats forecasts Tuesday, 30 Oct 2012 | 8:38 AM ET

    HONG KONG, Oct 30- Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, posted a 15 pe rcent ri se in third-quarter net profit, bea ting estimates, h elped by wider interest margins due to increased demand for credit. Net profit rose to 62.44 billion yuan in July-September from 54.4 billion yuan a year earlier, ICBC said on Tuesday.

  • HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers after strong third-quarter earnings from three of China's ``Big Four'' banks.

  • HONG KONG, Oct 30- Hong Kong shares weakened in morning trading on Tuesday, with local developers slipping further into the red in the wake of curbs on real estate purchases in the territory announced last Friday.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • Chinese Banks Flee London’s Tough Rules Sunday, 28 Oct 2012 | 9:14 PM ET

    China’s largest state-owned banks are moving big chunks of their European business to Luxembourg as they seek to escape tougher regulation in the City of London. The FT reports.

  • Expect Healthy Numbers Out of China's Big Banks     Wednesday, 24 Oct 2012 | 8:40 PM ET

    Mike Werner, Senior Equity Analyst, Chinese & HK Banks, Sanford C. Bernstein discusses expectations for Q3 earnings. He forecasts Bank of China to beat estimates.

  • Central Huijin, a unit of China's sovereign wealth fund China Investment Corp, raised its stake in Industrial and Commercial Bank of China by about 127.6 million shares on Oct. 9 and 4.7 mln shares on Oct. 10.

  • *Sands China leads gains in Macau gaming sector By Clement Tan. HONG KONG, Oct 12- Hong Kong shares closed at their highest since May 3, after a sixth-straight weekly gain aided by strength in the Chinese banking sector due to expectation of more government moves to jack up China's growth rate.

  • China government raises stake in ICBC by $81 million Friday, 12 Oct 2012 | 4:45 AM ET

    HONG KONG, Oct 12- Industrial and Commercial Bank of China said on Friday its biggest shareholder, the government-backed Central Huijin, had increased its shareholding in the Chinese lender by 127.6 million of the bank's Shanghai- listed shares.

  • HONG KONG, Oct 12- Hong Kong shares rose to a five-month high on Friday, set for a sixth-straight weekly gain as investors put money in growth-sensitive sectors on expectations of more governmental support for the Chinese economy. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent and is up 3.5 percent this week.

  • World stocks mixed after Spain gets downgrade Thursday, 11 Oct 2012 | 4:54 AM ET

    BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.

  • HONG KONG, Oct 11- Hong Kong shares rose on Thursday as Chinese banks and infrastructure plays gained on expectations of more government support for the economy, offsetting weakness in local property developers. The Hang Seng rose 0.4 percent, with the index of top Hong Kong- listed mainland firms up 1.9 percent to be the day's best performing benchmark in Asia.

  • *Set to rival Hong Kong and Taiwan* Yuan deposit-pool sets Singapore ahead of other centres By Kevin Lim and Michelle Chen.

  • HONG KONG, Oct 11- Hong Kong shares rose on Thursday helped by Chinese banks and infrastructure plays on expectations of more government support, although mainland markets eased following strong gains earlier this week. The Hang Seng rose 0.2 percent by the midday trading break with the index of top Hong Kong- listed mainland firms.

  • New Lending by China's Top Four Banks Fall in September Wednesday, 10 Oct 2012 | 9:40 PM ET
    Pedestrians walk past a branch of the Industrial and Commercial Bank of China (ICBC) in central Beijing.

    China's top four state-owned banks extended 166 billion yuan ($26.42 billion) in new loans in September, down from 220 billion yuan the previous month, the 21st Century Business Herald reported on Thursday.

  • PRESS DIGEST - China - Oct 11 Wednesday, 10 Oct 2012 | 9:19 PM ET

    SHANGHAI, Oct 11- Chinese newspapers available in Beijing and Shanghai carried the following stories on Thursday. --China's Central Huijin Investment said it has raised holdings in China's "big four" banks, including Industrial and Commercial Bank of China Ltd, in the secondary market.

  • New lending by China's top four banks fall in Sept-paper Wednesday, 10 Oct 2012 | 9:05 PM ET

    SHANGHAI, Oct 11- China's top four state-owned banks extended 166 billion yuan in new loans in September, down from 220 billion yuan the previous month, the 21st Century Business Herald reported on Thursday. China's "big four" banks are the Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China Ltd and Agricultural Bank of China Ltd.

  • China shares inch up, outperform Asia; Hong Kong lower Wednesday, 10 Oct 2012 | 1:37 AM ET

    *ZTE recovers after brokers recommend buying on weakness* China auto stocks rise on rural subsidy report By Vikram Subhedar. HONG KONG, Oct 10- China shares outperformed Asian peers and inched higher on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps.