Sentence examples for icbc from inspiring English sources

At the end of last year Industrial and Commercial Bank of China (ICBC) displaced Bank of America to become the world's biggest bank by Tier-1 capital, which is mostly common stock and retained earnings.

Five years on the bank has risen to be the world's second-largest by market value, after ICBC.

One-third of Hong Kong's company stock listings and about half of the market capitalisation on the financial exchange come from mainland Chinese companies, including the successful joint listing last year of ICBC in Hong Kong and Shanghai.Financial services have become more important to Hong Kong's economy as its manufacturing base has shifted across the border.

And yet, it could be a transformative deal whose full implications will take years to emerge.Almost lost amid the many transactions signed on January 21st to coincide with the visit of China's President Hu Jintao to America was an agreement by ICBC to buy 80% of the Bank of East Asia's small, almost profitless, retail-branch network in New York and California for $140m.

Its huge investment in China's ICBC declined in value by $1 billion.

China's largest bank, the Industrial and Commercial Bank of China (ICBC), says its branch in Chengdu, the capital of Sichuan province, has bad debts equivalent to 80% of its portfolio.

But in the past year there have been a flurry of investments, including big stakes by ICBC in Bank Halim Indonesia, Seng Heng Bank of Macau, and South Africa's Standard Bank.

Political considerations often come first, information is unreliable, and openness in the banking system is questionable, despite conditions tied to China's entry into the World Trade Organisation.Only last year, the government injected $15 billion to cover rotten loans at ICBC.

This group includes Jiang Jianqing, chairman of ICBC, the world's largest bank by assets and valuation, and possibly Ma Weihua, president of China Merchants Bank, often cited as the most dynamic of the mainland's big financial institutions (despite a ratings downgrade by Fitch this week).

It raised money for a mining venture, Zhenfu Energy, advertising annual returns of about 10%, and was distributed to wealthy investors by ICBC, China's biggest bank.

It seems that investors in ICBC, at least, have agreed something similar.For the foreign investors, a lot depends on the stockmarket listings.