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ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle

by Anas Siddiqui
ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle

Chen Siqing, the lender’s chairman and executive director, has tendered his resignation to the board of directors, with immediate effect, according to a company statement on February 1. The statement …

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Chinese developer CIFI dumps assets to inject funds as liquidity evaporates in property downturn

by Anas Siddiqui
Chinese developer CIFI dumps assets to inject funds as liquidity evaporates in property downturn

Heavily-indebted Chinese property developer CIFI Holding Group extended its asset selling campaign with another loss-making deal, as it grapples with a liquidity crunch and seeks to “survive and sustain under …

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