Industrial And Commercial Bank Of China

Saudi Arabia to raise $11 billion from syndicated loan, Bloomberg reports

The kingdom's Ministry of Finance has appointed Industrial & Commercial Bank of China Ltd (ICBC) as coordinator and bookrunner for the long-term senior unsecured loan, the report said citing people familiar with the matter.

China's top two banks won't lend to Adani's Australian coal mine

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.

Trump's US jobs push may open doors to China in Mexico: ICBC bank

US President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China (ICBC), the country's largest lender, said on Friday.

IL&FS raises $80 mn from Chinese lender

The external commercial borrowing (ECB) facility has been raised for a tenor of six years, and will be utilised for funding of infrastructure projects, the company said in a statement.

A China bank contagion could blow up global markets

Six months after sell-offs in Shanghai began to reverberate through markets worldwide, bond-rating agencies continue to rate Chinese banks' credit as investment grade, suggesting that if China does lead the world into recession, it will be a different affair than the sudden, sharp downturn catalyzed by the collapse of Lehman Bros

IL&FS signs 2 MoUs in China worth $4 bn

With Prime Minister Narendra Modi on a visit to China, infrastructure development and finance firm IL&FS said it had signed agreements with two Chinese companies, Industrial and Commercial Bank of China and power producer Huadian for its projects.

Goldman exits China's ICBC, seven years and billions later

The sale by Goldman would be the final chapter in the Wall Street bank's investment into China's ICBC.

RComm unit wins Singapore IPO approval

Telecoms carrier Reliance Communications said on Wednesday the Singapore stock exchange approved its undersea cable unit for an IPO that could raise more than USD 1 billion.

The upside to Asian stock declines? Better dividends

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.

ICBC chairman: China Bank 'monopoly' should be broken

China's bank 'monopoly' should be broken up, Jiang Jianqing, Chairman of the country's largest lender Industrial and Commercial Bank of China (ICBC) told CNBC.

'China needs to break up big banks to maintain growth'

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.

China addressing capital crunch facing banks: Analysts

China`s Central Huijin Investment Co.`s plans to cut the dividend payout ratio for three of its "Big Four" lenders, is a sign that Beijing is waking up to capital constraints facing the banking sector, Fraser Howie, Managing Director at CLSA Singapore, said.