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Search results for icbc

Former vice-president of ICBC pleads guilty to bribe-taking
1 month, 1 week ago

Former vice-president of ICBC pleads guilty to bribe-taking

China Daily  

Zhang Hongli, former vice-president of the Industrial and Commercial Bank of China, pleaded guilty to taking bribes at a trial in Hangzhou, Zhejiang province, on Thursday. According to an indictment, the Hangzhou prosecutors said that Zhang, from 2011 to 2022, took advantage of his positions in the bank to seek profits for some departments and individuals in various matters such …

Zhang Hangzhou
Former vice-president of ICBC pleads guilty to bribe-taking
1 month, 1 week ago

Former vice-president of ICBC pleads guilty to bribe-taking

China Daily  

Zhang Hongli, former vice-president of the Industrial and Commercial Bank of China, pleaded guilty to taking bribes at a trial in Hangzhou, Zhejiang province, on Thursday. According to an indictment, the Hangzhou prosecutors said that Zhang, from 2011 to 2022, took advantage of his positions in the bank to seek profits for some departments and individuals in various matters such …

Zhang Hangzhou
Three Chinese companies make top 10 on 2024 Fortune Global 500 list
4 months, 2 weeks ago

Three Chinese companies make top 10 on 2024 Fortune Global 500 list

China Daily  

A logo of State Grid is seen in Beijing. China's State Grid sits at third place with a revenue of $545.95 billion in 2023 on this year's Fortune Global 500 list, Fortune China reported on Monday. With high revenues, two Chinese companies, Sinopec Group and China National Petroleum Corp, took the fifth and sixth spots on the list, respectively, marking …

China Revenue List Chinese Billion Fortune Global 500 2024 Fortune
China ramps up financial support for SMEs to spur economic vitality
5 months, 3 weeks ago

China ramps up financial support for SMEs to spur economic vitality

China Daily  

A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. BEIJING -- China has significantly enhanced financial support measures aimed at small and medium-sized enterprises to boost economic vitality. In April, China set up a re-lending program worth 500 billion yuan to promote technological innovation …

China Bank Yuan Financing Smes
Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags
1 year ago

Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags

Firstpost  

This risky form of support threatens to worsen an already grim outlook. Financial institutions like Industrial and Commercial Bank of China Ltd. which is already grappling with surging bad loans and historically low net interest margins, may soon be asked to provide unsecured loans to developers, many of whom are either in default or on the verge of collapse, according …

China Financial Institutions Debt Bloomberg Beleaguered Bank
Fruitful outcomes from Tianjin-Singapore trade meeting
1 year, 1 month ago

Fruitful outcomes from Tianjin-Singapore trade meeting

China Daily  

A trade and economic delegation from Tianjin Binhai New Area conducted a visit to Singapore from Nov 7 to 10 to explore key enterprises and financial institutions and attract Singaporean businesses to invest in the area. The Tianjin Binhai New Area-Singapore Economic and Trade cooperation Conference was organized to delve into the outstanding investment environment and extensive development prospects of …

Trade Cooperation Agreement Binhai Singapore Tianjin
Ransomware attack hits China’s ICBC; disrupts Treasury market trades: Report
1 year, 1 month ago

Ransomware attack hits China’s ICBC; disrupts Treasury market trades: Report

Live Mint  

Industrial and Commercial Bank of China, the country’s largest commercial lender by assets, reportedly suffered a ransomware attack on Thursday that disrupted the trades in the US Treasury market. In a statement, ICBC Financial Services said a ransomware attack resulted in disruption to certain systems and it was conducting an investigation and “progressing its recovery efforts.” The bank said it …

Ransomware Attack Treasury Report Reported Icbc Reuters
Five changes that will take place after HDFC’s exit from bourses
1 year, 5 months ago

Five changes that will take place after HDFC’s exit from bourses

Live Mint  

Housing Development Finance Corporation merged with its subsidiary HDFC Bank on July 1, 2023, following which shares of HDFC ceased to exist on bourses from Thursday, July 13. Shrey Jain, Founder and CEO of SAS Online - India's Deep Discount Broker pointed out that following its merger of HDFC and HDFC Bank, the latter's weightage in the Nifty50 has surged …

Index Weight Reliance Industries Nifty Cent Nifty Bank Hdfc Bank
IDFC To Merge With Its Banking Arm IDFC Bank In All-Stock Deal, Stock Rises
1 year, 5 months ago

IDFC To Merge With Its Banking Arm IDFC Bank In All-Stock Deal, Stock Rises

ABP News  

Days after the amalgamation of the HDFC Bank and HDFC, IDFC First Bank has announced merger of its parent IDFC Ltd with itself in an all-stock transaction, marking another major deal in the Indian banking space. The share exchange ratio will result in a premium of about 20 per cent on the closing market price of the shares of IDFC …

Bank Stock Crore Value Cent 2023 Merger
HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?
1 year, 5 months ago

HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?

Live Mint  

HDFC Bank HDFC merger: Following the reverse merger, Housing Development Finance Corporation Ltd. is going to merge with its subsidiary HDFC Bank on 1st July 2023. Hence, trading window in HDFC Ltd will remain closed from Monday next week and it will remained closed till HDFC Bank HDFC merger record date, which is fixed on 13th July 2023. To understand …

Market Indian Bank Indian Stock Market Nifty Cent Corporation
China's bankers told to shun flashy clothes, five-star hotels in austerity drive
1 year, 6 months ago

China's bankers told to shun flashy clothes, five-star hotels in austerity drive

ABC  

From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. Key points: Authorities are vowing to clamp down on corruption in the country's financial sector Financial professionals' wealth and …

China Financial Bank Chinese Beijing Reuters Drive
ICBC to boost international services
1 year, 8 months ago

ICBC to boost international services

China Daily  

Despite facing geopolitical risks, rising unilateralism and protectionism, and strengthened requirements for compliance management this year, the Industrial and Commercial Bank of China will continue to promote international operations, a senior executive of the bank said on Friday. As China accelerates its opening-up policy, high-quality internationalized financial services will be needed for increasing cross-border economic and trade investment, expanding global …

International China Bank Foreign Guan Icbc Last Year
国产大飞机C919再签300架新订单
2 years, 1 month ago

国产大飞机C919再签300架新订单

China Daily  

Chinese plane maker COMAC gets 300 new orders for C919 jet 国产大飞机C919在第十四届中国国际航空航天博览会上收获300架新订单，各方认为，这款喷气式干线客机拥有广阔的市场前景。 Photo taken on July 18, 2022 shows a test flight of C919, China's first homegrown large jetliner, in Pucheng County, northwest China's Shaanxi Province. Commercial Aircraft Corporation of China, Ltd. said it has received 300 new orders for C919 jet at the 14th China International Aviation and Aerospace …

China Leasing C919 Large Jetliner
Tianjin zone marks leasing milestone
2 years, 4 months ago

Tianjin zone marks leasing milestone

China Daily  

Tianjin Dongjiang Comprehensive Bonded Zone is set to deliver its 2,000th aircraft on Friday via financial leasing tools since the first such plane was leased there in 2009. Yang Liu, director of the administrative committee of the zone, said: "Dongjiang, which saw its tax revenue generated from the financial leasing sector rise 76.2-fold since 2012 to 18.4 billion yuan in …

Financial Zone Financial Leasing Marks Leasing Dongjiang
Sessions provide guidance for global executives
2 years, 9 months ago

Sessions provide guidance for global executives

China Daily  

Janice Hu, CEO of Credit Suisse China, chairwoman of Credit Suisse Securities Ltd A1 In the past few years, regulators such as the China Securities Regulatory Commission have been expanding the permitted business scope of international brokers. Through the "common prosperity" policies, we predict China's middle-income population to nearly double, creating the best consumption story for the country over the …

China Market Chinese Icbc Credit Suisse International Brokers
ICBC's nonperforming loan ratio declines
3 years, 3 months ago

ICBC's nonperforming loan ratio declines

China Daily  

Industrial and Commercial Bank of China Ltd has effectively contained a rebound of the nonperforming loan ratio since the outbreak of the COVID-19 pandemic last year, senior executives said on Friday. "As the domestic economy continuously recovered in the first half, we saw a steady slowdown in the growth of our bank's corporate loans whose principal and interest repayments were …

Bank Loans Covid Icbc Asset Net Profit Loan Ratio
Delhi HC allows interim moratorium on Anil Ambani’s personal asset, protecting SBI’s interst
4 years, 2 months ago

Delhi HC allows interim moratorium on Anil Ambani’s personal asset, protecting SBI’s interst

Live Mint  

The Delhi High court on Monday allowed the interim moratorium granted under the provisions Insolvency and Bankruptcy Code to be in continued in effect on Anil Ambani’s personal asset in order to ensure that the interest of the State Bank of India is protected, during the pendency of the case. The High court also agreed to hear the impleadment application …

India Personal Delhi Court Indian Delhi High Court Case
Financing for small firms gets priority
4 years, 4 months ago

Financing for small firms gets priority

China Daily  

The People's Bank of China, the central bank, has stepped up countercyclical adjustments and launched multiple, innovative monetary instruments with direct access to small businesses to stabilize enterprises and secure employment, according to Yi Gang, the central bank governor. The outstanding balance of loans to micro and small enterprises with a total credit line of up to 10 million yuan …

China Bank Loan Small Businesses Yuan Small Enterprises
Financial support to focus on 3 sectors
4 years, 5 months ago

Financial support to focus on 3 sectors

China Daily  

An employee works on a production line of Sinotruk Fujian Haixi Truck Co in Zhangzhou, Fujian province, on July 7. ZHANG BIN/CHINA NEWS SERVICE China will be stepping up financial support for the manufacturing industry, small businesses and international trade companies to promote economic recovery and high-quality development, senior bank executives said. The interest rate of new loans issued by …

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