Gu Shu, former vice president of Industrial and Commercial Bank of China (ICBC), was appointed president of the biggest bank in China on Sept. 12, insiders told The Beijing News. However, the formal appointment process remains to be completed.
The new chairman-designate at Industrial & Commercial Bank of China, Yi Huiman, looks set to deepen ICBC's push into digital banking as well as strengthen its “for-profit” focus, in a clear distinction from the “national duty” expected of state-owned banks, say analysts who have followed Yi's career and leadership changes at the world’s largest bank.
The Industrial and Commercial Bank of China (ICBC) inked a 500-million-U.S. dollar loan deal on Tuesday with Indonesia's state-run Eximbank to help boost the country's foreign trade and infrastructure.
China's central bank on Friday authorized the Industrial and Commercial Bank of China (ICBC) to clear renminbi business in Argentina.
The renminbi (RMB) clearing bank in Canada, ICBC Canada, was officially launched here on Monday evening. This is the first RMB trading hub in North America and in the western hemisphere.
The Industrial and Commercial Bank of China (ICBC), the country's largest bank, plans to sell the Chinese yuan-denominated bonds in South Korea Tuesday for the first time in a non-resident capacity, the bank's Seoul branch said Monday.
Industrial and Commercial Bank of China Ltd. (ICBC), the country's largest lender by market value, said Saturday it plans to issue preferred stocks worth up to 80 billion yuan (about 13 billion U.S. dollars) to replenish its capital.
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