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Industrial and Commercial Bank of China Ltd

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  • 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.

  • SINGAPORE/ HONG KONG, Oct 10- Singapore has issued full banking licences to two Chinese lenders, moving it a step closer to getting a yuan-clearing bank that will let it compete more aggressively with Hong Kong in the growing market for yuan-denominated trades and financial products.

  • Trafigura raises $1.2 bln via syndicated loan Wednesday, 10 Oct 2012 | 1:12 AM ET

    SINGAPORE, Oct 10- Commodities trader Trafigura said on Wednesday it has raised $1.24 billion via a syndicated revolving credit- and term-loan facility. The funds will be used for general corporate purposes, a company spokesperson said.

  • The International Monetary Fund said on Wednesday that China's central bank governor will not lead the Chinese delegation at the IMF's semi-annual meeting this week, in what appeared to be a snub to host Japan.

  • PRESS DIGEST - Hong Kong - Oct 10 Tuesday, 9 Oct 2012 | 9:45 PM ET

    HONG KONG, Oct 10- These are some of the leading stories in Hong Kong newspapers on Wednesday. --China Galaxy Securities is set to include additional bookrunners in its dual listing in Hong Kong and Shanghai that could raise more than $1 billion as soon as the first quarter of next year, according to people familiar with the situation.

  • SHANGHAI, Oct 10- China's major insurance companies increased their combined stock holdings by more than 10 billion yuan over the last three trading days and will continue buying equities, the official Shanghai Securities News said on Wednesday.

  • SINGAPORE, Oct 10- The Monetary Authority of Singapore has granted full banking licences to two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China, the Straits Times reported.

  • World stocks fall on Europe debt worries, IMF view Tuesday, 9 Oct 2012 | 1:46 PM ET

    AMSTERDAM-- World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.

  • World stocks slightly lower amid gloom Tuesday, 9 Oct 2012 | 10:31 AM ET

    Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.