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Economic Watch: China continues to strengthen financial sector's role in serving real economy
China is continuing to make concrete efforts to deepen the financial sector's role in serving the real economy as the fundamental goal of high-quality financial development, experts and insiders observed.
February04,2024
China's ICBC issues 50 bln yuan in green bonds
The Industrial and Commercial Bank of China (ICBC), the country's biggest lender, has issued 50 billion yuan (about 7.03 billion U.S. dollars) in green bonds to support its green industries.
December11,2023
"Big Four" banks in full drive to build China into a financial powerhouse
China's "Big Four" commercial banks, who are among the world's largest lenders, are stepping up efforts to better support the national economy while enhancing risk management amid the country's efforts to build itself into a financial powerhouse.
December08,2023
China's biggest lender's agricultural loans near 4 trln yuan by August
The Industrial and Commercial Bank of China (ICBC), the country's biggest lender, has stepped up financial support in the agricultural sector to boost its high-quality development.
October07,2023
Chinese bank opens new branch in Saudi city Jeddah
The Industrial and Commercial Bank of China (ICBC) on Tuesday opened a new branch in the Saudi city of Jeddah.
May17,2023
ICBC profit expands in 2022
The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, reported a net profit increase of 3.5 percent last year.
April03,2023
ICBC's new domestic yuan loans hit record high in H1
The Industrial and Commercial Bank of China, China's biggest commercial lender, saw its new domestic yuan loans reach 1.61 trillion yuan (about 233.61 billion U.S. dollars) in the first half of the year, hitting a record high.
September05,2022
China's ICBC issues 10 bln yuan in green bonds for carbon neutrality
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, has issued 10 billion yuan (about 1.5 billion U.S. dollars) of green bonds to support the country's pursuit of carbon neutrality.
June20,2022
Intesa Sanpaolo and ICBC signed an agreement to support SMEs
During the China International Import Expo, the two Groups signed a MoU to provide services, including financial ones, to Italian and Chinese SMEs that want to grow in both markets.
November09,2021
ICBC Turkey receives 12 prizes at LACP 2020 Vision Awards
The Turkish branch of the Industrial and Commercial Bank of China (ICBC) collected 12 prizes at the 2020 Vision Awards, organized by the League of American Communication Professionals (LACP), ICBC said in a press release on Friday.
September26,2021
ICBC raises 360 bln yuan for real economy through bond underwriting in Q1
The Industrial and Commercial Bank of China (ICBC) underwrote 300 bonds of various types as the lead underwriter in the first quarter to provide funding support to the real economy.
May31,2021
ICBC, Goldman Sachs to set up joint venture on wealth management
The Industrial and Commercial Bank of China (ICBC) and Goldman Sachs Asset Management will cooperate to set up a joint venture on wealth management, according to a recent announcement.
May27,2021
Goldman Sachs, ICBC team up for wealth management joint venture
Goldman Sachs Inc. announced on Tuesday to join hands with Industrial and Commercial Bank of China (ICBC), the largest bank in China by assets, to establish a joint venture company to provide all-round wealth management services for Chinese investors and depositors.
May26,2021
A new digital platform for the companies wants to work with China
The project launched by ICBC, the biggest bank worldwide, involves the Italy China Foundation. Within June, the estimate is that the database will exceed 100,000 units with thousands of selected and open-to-dialogue Chinese companies
January29,2021
ICBC to provide comprehensive financial services for SE China’s Fujian Province
The Industrial and Commerical Bank of China (ICBC) singed a comprehensive strategic cooperation agreement with southeast China's Fujian Province recently, in a bid to provide all-round financial services for the province.
October12,2020
SW China's Sichuan Province, ICBC join hands to promote Chengdu-Chongqing economic circle development
Southwest China's Sichuan Province inked a comprehensive strategic partnership with the Industrial and Commercial Bank of China (ICBC) on Wednesday in a bid to jointly promote the construction of an economic circle covering the western cities of Chengdu and Chongqing.
September24,2020
ICBC New York Branch continues to support local economy amid pandemic
ICBC New York Branch will continue to support local economic development by providing credit to various public and private entities and stressing the role of social responsibilities, an official from the bank said Monday.
September01,2020
ICBC sees steady DFI underwriting business growth in H1
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, saw its business of debt financing instruments (DFI) underwriting expand steadily in the first six months amid efforts to support COVID-19 prevention and control.
July20,2020
ICBC plans to invest RMB8 bln in National Green Development Fund
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, planned to join the National Green Development Fund Co., Ltd. as a founding member, with an initial subscribed capital of 8 billion yuan, according to a statement released by the ICBC on Thursday.
July17,2020
ICBC becomes strategic partner for online Canton Fair
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, has become a strategic partner for the 127th session of the Canton Fair, according to an agreement signed between the bank and the China Foreign Trade Centre (Group).
June10,2020
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