Industrial and Commercial Bank of China Limited (1398.HK)
- Bloomberg
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds
(Bloomberg) -- Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, people familiar with the matter said, marking the first such debt sale from the country’s largest state-owned lenders. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneUkraine Says It’s Beh
- Reuters
China's Big Five lenders post shrinking margins, warn of property risks
Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.
- Benzinga
This Little-Known Chinese Billionaire Went From Working In The Coal Mines To Being One Of The Most Powerful Bankers In The World, Commanding $3.5 Trillion In Assets
Jiang Jianqing, a name synonymous with the remarkable transformation of the Industrial and Commercial Bank of China (ICBC) into the world’s largest bank by assets, has a story that reads like a testament to resilience and visionary leadership. Born in Shanghai in 1953, Jiang’s early life was marked by the hardships of the Cultural Revolution during which he was sent to work in the fields of Jiangxi Province and the coal mines of Henan Province. This period of labor education, far from breaking h
