Hong Kong stocks weakened for a second day, left out of a broader Asian rally, after a mixed bag of economic data for mainland China reinforced growth concerns. The Fed …
A year ago, Changshu, a county-level city under the jurisdiction of Suzhou, took the lead by paying all public sector workers in digital yuan, and Lin’s employer followed suit months …
Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central …
China’s commercial banks are removing some of their long-term fixed-income products and cutting rates offered to depositors, in an effort to shore up profitability, as challenges, including a slumping property …
Operating income, primarily interest income and fees, climbed 0.3 per cent to 258 billion yuan from 257.3 billion the previous year. The lender is distributing 27.8 billion yuan in dividends …
Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country, according to figures released …
The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision information. The New York Department of Financial Services, which also oversees the …
ICBC’s US unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next …
Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the …