Industrial and Commercial Bank of China Ltd


  • 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.

  • World stocks stall after Asian session Tuesday, 9 Oct 2012 | 7:21 AM ET

    AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • World stocks stall amid global growth warnings Tuesday, 9 Oct 2012 | 5:12 AM ET

    A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • "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.