|Bid||6.920 x 0|
|Ask||6.930 x 0|
|Day's Range||6.870 - 6.960|
|52 Week Range||4.830 - 7.640|
|PE Ratio (TTM)||8.09|
|Forward Dividend & Yield||0.27 (3.81%)|
|1y Target Est||8.21|
The US Federal Reserve has ordered Industrial & Commercial Bank of China to overhaul its anti-money laundering protections after finding “serious deficiencies”. ICBC, the world’s largest lender by assets, ...
WASHINGTON (Reuters) - The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for not having enough anti-money laundering protections and ordered the bank to toughen its ...
The Federal Reserve on Tuesday said one of the world's biggest banks, Industrial and Commercial Bank of China, had "significant deficiencies" in risk management and compliance with U.S. anti-money ...
The five banks that settle every transaction in London's $6.8 trillion (4.9 trillion pounds) a year gold market are changing the rules of their clearing house to make it easier for newcomers to join. As that pressure increased, the number of banks clearing gold transactions through a company they own called the London Precious Metals Clearing Limited (LPMCL) has dwindled from seven to five. ICBC Standard joined in 2016 after months of wrangling over conditions and an application from at least one other, Goldman Sachs (GS.N), was declined, sources in LPMCL member banks said.
As a HK$2.80T market capitalisation company operating in the financial services sector, Industrial and Commercial Bank of China Limited (SEHK:1398) has benefited from strong economic growth and improved credit qualityRead More...
Bank of China is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steadyRead More...
LONDON/FRANKFURT (Reuters) - Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say. The preliminary interest by two of China's leading lenders follows a wider push by Chinese companies to scoop up assets in Europe, especially in Germany. In December, sources told Reuters that German cooperative lender DZ Bank [DETGNY.UL] was moving ahead with plans to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry.
Feb 5 (Reuters) - Shanghai Stock Exchange: * FILING SHOWS BLOCK TRADE OF ICBC'S 14.3 MILLION A-SHARES INVOLVING 99.96 MILLION YUAN ON FEB 5 Source text in Chinese: http://bit.ly/2yJZikT Further company ...
China's banking regulator has imposed fines of 52.5 million yuan (£5.9 million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan (£2.1 billion) pledged loan fraud, it said on Friday. It is the third major penalty handed down since the start of the year as the regulator steps up a crackdown on illegal practices to fend off financial risk. Criminals illegally pledged gold of low purity to obtain loans from banks, including branches of large state lenders Industrial and Commercial Bank of China Ltd (1398.HK) and Postal Savings Bank of China Co , the regulator said.
HNA Group chairman Chen Feng has expressed confidence that China's aviation-to-financial services conglomerate will manage its cash crunch, and continue to receive support from banks and other financial institutions this year. The liquidity problem exists "because we made a big number of mergers", even as the external environment became more challenging and China's economy "transitioned from rapid to moderate growth", impacting the group's access to new financing, Chen told Reuters in a rare meeting. "Rate hikes by the Federal Reserve and deleveraging in China caused a liquidity shortage at the end of the year for many Chinese enterprises," Chen said.
Dec 22 (Reuters) - Xinjiang Beixin Road & Bridge Group Co Ltd: * SAYS IT PLANS TO SET UP FINANCING JV WITH ICBC'S INVESTMENT MANAGEMENT AFFILIATE WITH TOTAL INVESTMENT OF 2.2 BILLION YUAN Source text in ...
ZURICH, Dec 13 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the world's biggest lender, has obtained a Swiss banking licence from watchdog FINMA, the Handelszeitung newspaper reported on ...
China's two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises' long delayed project. Industrial and Commercial Bank of China (ICBC) and China Construction Bank said in separate statements they were not working on the project, after media recently reported that Chinese banks may get involved. Adani is seeking A$2 billion ($1.5 billion) in financing by March 2018 for the A$4 billion first stage of its proposed Carmichael coal mine in the state of Queensland, a project that has been shrunk from a A$16.5 billion plan to make it more viable.
The Hungarian Export-Import Bank will contribute 100 million euros (£88 million) to China's government-backed SINO-CEE Fund, which aims to raise a total of 10 billion euros, the fund said. Among the nations of eastern and central Europe, Hungary has attracted the largest amount of Chinese investment. The Hungarian government's subscription is "a major step", as the Chinese fund expects its investment in Hungary to exceed 300 million euros, the fund said in a statement late on Wednesday.
Industrial & Commercial Bank of China Ltd. said it’s teaming up with the finance unit of Internet retailer JD.com Inc. to offer digital banking services.
SHANGHAI/BEIJING (Reuters) - China Huishan Dairy Holdings Co Ltd , struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong-listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the firm, whose debts totalled at least 38 billion yuan (£4.3 billion) at the end of July, according to a work-out plan seen by Reuters. Hong Kong-based restructuring lawyers said the move by Huishan to file for provisional liquidation could actually help give it "breathing room" against creditors and in theory allow it more sway to choose an outside party to take on the role.
China’s largest banks posted double-digit increases in lending income in the third quarter, validating some of the earnings optimism that has fueled a rally in their shares this year.
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, reported a 2.3 percent gain in second-quarter profit as it reined in bad loans.
Montreal, Quebec--(Newsfile Corp. - August 4, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that its subsidiary, Asia Synergy Data Solutions ("ASDS"), which operates the Cubeler fintech commercial lending platform in China, has signed a definitive agreement with Balang Technology Ltd. ("Balang") that would bring over 40,000 small and medium sized enterprise (SME) loan candidates to the Cubeler platform.This agreement follows the memorandum of understanding announced on July ...