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Industrial and Commercial Bank of China Ltd

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  • China’s Stock Intervention—Expect More Meddling Tuesday, 18 Jun 2013 | 12:38 AM ET

    China's government has been buying shares in the country's four big banks, a move analysts expect to continue until jitters about high interbank lending rates and the economic outlook ease.

  • Beijing Steps Up Efforts to Shore Up Stock Market Monday, 17 Jun 2013 | 7:40 PM ET

    China's government has stepped up efforts to lift confidence in the country's flagging stock markets by buying more shares in the four biggest commercial banks.

  • Nikkei Skids 3.8% After Abe Fires 'Third Arrow' Wednesday, 5 Jun 2013 | 3:10 AM ET

    In another volatile afternoon session, the Nikkei tumbled 3.8 percent to a new two-month low on Wednesday while the yen inched higher after Prime Minister Shinzo Abe's third "Abenomics" arrow failed to impress investors.

  • Asia Ends Mixed; Bernanke in Focus Tuesday, 21 May 2013 | 3:11 AM ET

    Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.

  • Chinese Bank Shuts Key North Korean Bank Account Tuesday, 7 May 2013 | 7:33 PM ET

    Bank of China has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March.

  • Modest Wages of China Execs Still Too High Sunday, 28 Apr 2013 | 9:17 PM ET

    Chinese executives at state-owned groups have long been among the lowest paid of their global peers, but even their apparently meager pay is generating controversy. The Financial Times reports.

  • Asia Ends Week on Tepid Note After Earnings Friday, 26 Apr 2013 | 6:01 AM ET

    Asian stock markets traded cautiously on Friday as investors digested a raft of regional corporate earnings and as attention turned to first-quarter U.S. GDP figures for signs of whether the rally on Wall Street can continue.

  • Ample Credit Triggers Surge in China Bank Lending Wednesday, 10 Apr 2013 | 10:44 PM ET

    Chinese banks made $171 billion of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fueled by ample credit.

  • Sunny Days Still for China Banks Wednesday, 27 Mar 2013 | 4:00 AM ET

    Analysts say the sector remains robust even as China's biggest banks reported their worst annual earnings growth since going public.

  • China Big Five Banks to Post $121 Billion Annual Profit Wednesday, 20 Mar 2013 | 11:21 PM ET

    Net profits at China's "big five" banks are expected to have risen nearly 12 percent to more than 750 billion yuan ($120.74 billion) in 2012, the official Shanghai Securities News reported on Thursday.

  • World's Top Maker of Solar Panels Nears Insolvency Wednesday, 20 Mar 2013 | 11:02 PM ET

    A group of Suntech Power lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing is losing support for the industry.

  • Cyprus's Plan B Spooks Asia; China Shrugs It Off Wednesday, 20 Mar 2013 | 4:10 AM ET

    Asian stocks were under pressure on Wednesday as concerns rose if a bailout deal was still possible for Cyprus while Greater Chinese shares ignored the news to outperform the market as attention turned to domestic issues.

  • Does Ping An's Move Signal More Curbs Coming? Wednesday, 27 Feb 2013 | 2:29 AM ET

    A move by China's Ping An Bank to ban its regional branches from approving mortgages may signal that Beijing is set to tighten controls on the property market to calm prices.

  • Turkey Lures Asian Investors as It Looks East for Capital Thursday, 21 Feb 2013 | 12:45 AM ET

    When Turkish conglomerate Anadolu Holding put its 75-percent stake in Alternatifbank up for sale last year, a distant potential suitor from Asia took a close look at the business.

  • Sydney Hits 4-Year High; Asia Risk Appetite Up Thursday, 14 Feb 2013 | 5:01 AM ET

    Asian stock markets climbed higher on Thursday led by Australian shares, which hit a four-year high on strong corporate earnings. Risk sentiment was also boosted by firm gains in Japan and Hong Kong ahead of a weekend meeting of G20 central bank officials.

  • New Loans at Major Chinese Banks Surge 50% Monday, 4 Feb 2013 | 9:21 PM ET

    China's four largest banks extended 370 billion yuan ($59.4 billion) of new loans in January, up from 320 billion yuan in the same period last year, the official China Securities Journal reported on Tuesday.

  • Asia Trades Higher; Australia Leads Gains Tuesday, 29 Jan 2013 | 3:22 AM ET

    Asian shares rose on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week.

  • Asia Steady After Profit Taking; Earnings Eyed Wednesday, 9 Jan 2013 | 5:05 AM ET

    Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.

  • Asia Closes Lower; Banking Stocks Support Monday, 7 Jan 2013 | 5:16 AM ET

    Asian stocks drifted on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, but financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules.

  • Why It's Time to Buy Chinese Bank Stocks Monday, 7 Jan 2013 | 1:40 AM ET
    China Construction Bank branch in Beijing, China

    A turnaround in China's bank earnings seen in the second half of last year is likely to continue into 2013 as the economy improves further, prompting analysts to turn bullish on the sector.