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Industrial and Commercial Bank of China Ltd

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  • "The banks' decision is further evidence that the unilateral actions by Japan is freezing bilateral relations and now starting to weigh on the world's economy," Xinhua cited Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institution under China's Ministry of Commerce, as saying.

  • Chinese Banks Still Profitable     Thursday, 23 Aug 2012 | 7:40 PM ET

    Mike Werner, Senior Equity Analyst (Chinese & HK Banks), Sanford C. Bernstein expects China's Big 4 banks to post Q2 ROEs between 18-20%. He says China's easing policies & slowing loan demand are hurting earnings.

  • The Upside to Asian Stock Declines? Better Dividends Wednesday, 30 May 2012 | 12:48 AM ET
    Hong Kong Stock Exchange

    Large cap Asian stocks such as banks and property developers in Hong Kong and Singapore have declined so much over the past 12 months that they are now paying their best dividends in years, traders say.

  • Top 10 Countries for Chinese Investments Wednesday, 23 May 2012 | 6:51 PM ET

    The massive financing needs of China's two biggest trading partners — the U.S. and Europe — could leave Beijing spoiled for choice as it plans to spend $560 billion in foreign investments over the next five years.

  • China's Stagnant Bank Lending Spooks Investors Wednesday, 16 May 2012 | 2:02 AM ET

    Chinese bank stocks fell on Thursday in Hong Kong after a report by Shanghai Securities News that new lending by China’s four biggest state-owned banks was flat in the first two weeks of May.

  • China's Biggest Banks Are Squeezed for Capital Monday, 23 Apr 2012 | 7:24 PM ET
    Signage for the Agricultural Bank of China Ltd. hangs in Beijing, China

    Banks around the world have been tapping investors for new funds as they struggle with slumping share prices and waning profits. But Chinese firms have maintained that their profit growth is strong and their balance sheets are solid, raising red flags among some analysts about the banks’ persistent capital needs. The NYT reports.

  • A branch of the Agricultural Bank of China, the third-largest bank in the country by assets and the fourth-largest by market cap. China's new stress tests are aimed at ensuring banks have enough capital in the eventuality of a property market correction.

    Breaking up China's biggest banks would be the "most aggressive reform measures" seen in post-1978 China, a Beijing-based economist told CNBC on Wednesday, adding that it was badly needed if growth in the world's second-biggest economy was to be sustained.

  • Smaller Chinese Policy Banks Are Weak Links: Analyst Thursday, 8 Mar 2012 | 3:54 AM ET
    A Chinese bank worker attends to a customer.

    While China's ballooning local government debt has many investors steering clear of financial stocks, one equity analyst maintains that all banks are not made equal, and it's the smaller policy lenders, or banks tasked to finance economic and trade development projects, which are the weak links.

  • HSBC Set for $22 Billion Profit, Fueled by Asia Sunday, 26 Feb 2012 | 8:07 PM ET
    HSBC

    HSBC is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.

  • China Construction Bank to Open Subsidiary in Brazil Sunday, 20 Nov 2011 | 9:00 PM ET

    China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.

  • Pedestrians walk past a branch of the Industrial and Commercial Bank of China (ICBC) in central Beijing.

    China's recent change to the way it calculates banks reserve requirement ratios (RRR), requiring lenders to set aside more funds on their margin deposits, will negatively impact smaller banks, a number of analysts said on Wednesday.

  • Chinese Banks' NPLs Set to Rise: Daiwa Monday, 29 Aug 2011 | 9:30 PM ET
    Pedestrians walk past a branch of the Industrial and Commercial Bank of China (ICBC) in Shanghai.

    The Big Four Chinese banks' results for the first-half of 2011 showed their non-performing loans (NPLs) portfolio had either declined over the previous six months or stayed unchanged, but despite these encouraging signs, Daiwa Capital Markets expects things to worsen for the Big Four.

  • Pedestrians walk past a branch of the Industrial and Commercial Bank of China (ICBC) in central Beijing.

    China’s banks have been putting aside more money to prepare for rising losses from loans to local governments. According to a recent report by China Construction Bank, mainland lenders have already put aside double their expected non-performing loans (NPLs) as reserves.

  • Drop Cyclicals, Buy Defensive Plays: Analysts Wednesday, 13 Jul 2011 | 9:11 PM ET
    Pedestrians walk past a branch of the Industrial and Commercial Bank of China (ICBC) in central Beijing.

    Asian markets rallied on Thursday on China’s better-than-expected GDP numbers reassuring investors that the world’s second-largest economy was not headed for a hard landing, but a number of strategists and fund managers are still preferring to play it safe, shunning cyclical stocks for defensive plays.

  • Bank of China

    China bank stocks fell on Wednesday after Singapore sovereign wealth investor, Temasek, sold down part of its stakes in Bank of China and China Construction Bank. But some analysts say the move could be positive for the stocks and shows there is still plenty of demand for the sector from long-term investors.

  • Asian Markets Fall After China Rate Hike Wednesday, 9 Feb 2011 | 5:06 AM ET

    Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation.  Chinese  property and resource counters remained under pressure.

  • Story Headline for display on site Tuesday, 1 Feb 2011 | 9:12 PM ET

    1st paragraph of story should go here

  • Goldman's Facebook Deal, Too Much of a Good Thing? Thursday, 6 Jan 2011 | 12:04 PM ET
    Facebook

    Goldman Sachs wasn’t always planning to invest nearly a half-billion dollars in Facebook, according to people familiar with the matter.