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Tuesday November 24, 2009
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Industrial and Commercial Bank of China News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Industrial and Commercial Bank of China News

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  • Asian markets: Warning by Chinese regulator sends banking, retail stocks plummeting 24 Nov 2009 13:37 GMT
    ... Shares in Asia headed south Tuesday. In China, ... Index lost 1% to close at 9,402. Banking shares suffered losses today as China's banking ...

  • China Shares Fall On Economic Policy Uncertainty 24 Nov 2009 08:23 GMT
    ... The benchmark Shanghai Composite Index plunged by 115.14 points, ... business center of Shenzhen. Regulators ordered Chinese banks on Monday to control lending and manage ...

  • China shares retreat on policy uncertainty ahead of government economic planning meeting 24 Nov 2009 08:54 GMT
    ... SHANGHAI (AP) - Chinese shares retreated Tuesday on ... business center of Shenzhen. Regulators ordered Chinese banks on Monday to control lending and manage ...

  • Hungary's forint weakens under bleaker sentiment 24 Nov 2009 09:02 GMT
    ... What started at Asian markets today on the ... have already dropped today. China's five largest banks - Industrial & Commercial Bank of China ...

  • China's Massive Stimulus Isn't Saving Its Banks 24 Nov 2009 16:30 GMT
    ... What we find ironic about this situation where ... not have been enough to save its banks yet. That sent the Shanghai index crashing ...

  • China Banks Said to Submit Capital Raising Plans to Regulator 24 Nov 2009 09:22 GMT
    ... submitted plans to regulators for raising money after unprecedented lending eroded their capital, ... knowledge of the matter. , China Construction Bank Corp., Bank of China Ltd., Agricultural Bank ... percent, the steepest decline since May 13. ICBC and Bank of Communications also slipped. Agricultural ...

  • China Banks Said to Submit Capital Raising Plans 24 Nov 2009 11:54 GMT
    ... submitted plans to regulators for raising money after unprecedented lending eroded their capital, ... knowledge of the matter. , China Construction Bank Corp., Bank of China Ltd., Agricultural Bank ... percent, the steepest decline since May 13. ICBC and Bank of Communications also slipped. Agricultural ...

  • ICBC launches global cash management business 24 Nov 2009 16:14 GMT
    ... BEIJING, Nov 24, 2009 (Xinhua via COMTEX News Network) -- The Industrial and Commercial Bank of China (ICBC, 601398.SH), the country's largest lender, kicked off its global cash management business on Tuesday, ...

  • ANALYSIS - China banks' rush for billions could trip markets 24 Nov 2009 16:31 GMT
    ... A shop assistant checks hundred yuan bank notes at a shop in Xiangfan, central ... Sept. 30, compared with 12.6 percent for ICBC, China's largest lender, and 12.1 percent for ...

  • Stocks fall as China banks lodge capital-raising plans 24 Nov 2009 20:12 GMT
    ... Stocks fall as China banks lodge capital-raising plans The mainland's largest banks ... after the Bank of China (3988) and Industrial and Commercial Bank of China (1398) confirmed that they were studying ways ... Banking Regulatory Commission asked five banks - ICBC, CCB, BOC, Bank of Communications (3328) and ...

  • China banks' cash rush could trip markets 24 Nov 2009 23:20 GMT
    ... Chinese banks, under government pressure to shore up their ... September 30, compared with 12.6 percent for ICBC, China's largest lender, and 12.1 percent for ...

  • China banks' rush for billions could trip markets 24 Nov 2009 21:13 GMT
    ... ) have already started work on fundraising proposals, a source told Reuters on Monday. ... massive wave of fund raising from Chinese banks, but the key question is when, where ... September 30, compared with 12.6 percent for ICBC ( ), China's largest lender, and 12.1 ...

  • ICBC studying ways to boost capital adequacy 24 Nov 2009 04:20 GMT
    ... A broad-based stock rally continues following rate-related comments from ... continues following rate-related comments from a central banker and strong... After two weeks of little ...

  • Chinese credit tightening chills Asian markets 24 Nov 2009 19:10 GMT
    ... The China Banking Regulatory Commission reminded banks that they must ... of control, risking a dangerous bubble. Both ICBC – the world's biggest bank – and ...

  • Opening View: Fed Comments Send Dollar Plunging, Wall Street Soaring 23 Nov 2009 14:32 GMT
    ... Opening View: Fed Comments Send Dollar Plunging, Wall Street Soaring Monday November 23, 2009 ... points above fair value. Specifically, Federal Reserve Bank of St. Louis President James Bullard said ... and Bank of China added 0.2%, while ICBC slipped 0.2%. Turning to Europe, shares climbed, ...


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