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SAFE    09-05-21
As per joint decision by the People’s Bank of China and the State Administration of Foreign Exchange, foreign exchange settlement will be terminated on April 27. This means such kind of business operated only by Foreign Exchange Bureau come to its end, and will be taken over generally by comm
SAFE    09-05-21
As per joint decision by the People’s Bank of China and the State Administration of Foreign Exchange, foreign exchange settlement will be terminated on April 27. This means such kind of business operated only by Foreign Exchange Bureau come to its end, and will be taken over generally by comm
MOFCOM    09-06-15
Chinese banks need to find good answers to three questions before expanding globally,said Peter Sands, Group Chief Executive of Standard Chartered. "It is necessary and inevitable for Chinese banks to expand globally in the context of globalization" he said. "However, to be successful in internatio
MOFCOM    09-06-25
Three major Chinese lenders said Tuesday that auditors had discovered irregularities in their lending last year, but added that these findings would not affect their financial results. The Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB) and China CITIC Bank said in sep
On July 3, do so under the ICBC the world's first cross-border trade under the letter of credit of RMB business; July 4, Bank of China Guangdong Branch became the first with overseas agents to complete the signing of cross-border trade agreement RMB clearing agent clearing bank. July 6, the Shenzhen
Chinese banks have been active in transacting yuan cross-border settlement after the first deal was made Monday. The Industrial and Commercial Bank of China said Tuesday it had dealt with yuan cross-border settlement totaling 17 million yuan (2.49 million U.S. dollars) in two days. Many banks in G
MOFCOM    09-09-18
        China Industrial and Commercial Bank of China and the Shanghai Municipal Government on the 17th in Beijing, signed a strategic memorandum of cooperation. According to a memorandum of cooperation, ICBC will support Shanghai's economic structure adjustment in the c
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