Industrial and Commercial Bank of China

Chinese Banks’ Ratings Downgraded as Local Governments Struggle With Debt

Shares in Chinese banks plunged after Goldman Sachs downgraded some ratings due to high local government debt. According to a July 11 Bloomberg report, shares in China's banking sector are ...

July 13, 2023BY Shawn Lin and Angela Bright

Hong Kong Fines ICBC, UBS Units, Others $5.7 Million for Anti-Money Laundering Breaches

HONG KONG—Hong Kong's banking regulator has fined four banks, including local units of Industrial and Commercial Bank of ...

November 19, 2021BY Reuters

China’s Largest Bank to Restrict Forex and Commodities Trading

China's largest bank is set to suspend new account openings for forex and commodities trading beginning next week, ...

October 11, 2021BY Rita Li

6 Officials of China’s State Bank Held by Spain Court for Money Laundering, Tax Fraud

A Spanish judge has ruled that six executives of China's state-owned ICBC bank in Madrid should be detained ...

February 20, 2016BY The Associated Press

Chinese Bank Staff Block Reporters From Covering Canadian Finance Minister’s Remarks

TORONTO—Staff working at an Industrial and Commercial Bank of China (ICBC) event blocked and corralled two Chinese reporters ...

March 27, 2015BY Matthew Little

Storm of Corruption Investigations Lashes China’s Financial Industry

Scandal and suicide hit China’s banking industry in the past few days.

February 4, 2015BY Lu Chen