Industrial and Commercial Bank of China

New Business

How China is upgrading its digital yuan for the stablecoin era

In an effort to offer an alternative amid the global rise of stablecoins – cryptocurrencies pegged to a reference asset,…

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CATL’s stellar run and record premium come up against doubling of stock supply

The spectacular gain in Contemporary Amperex Technology (CATL) shares since its Hong Kong listing faces a reality check this week:…

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Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the…

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China investigates former stock market regulator Yi Huiman for disciplinary breaches

Yi Huiman, the former regulator of China’s equities market, is being investigated for disciplinary breaches, as the country’s long-standing anti-graft…

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Hong Kong stocks rise ahead of earnings reports from heavyweights Alibaba and ICBC

The Hang Seng Index rose 0.6 per cent to 25,156.89 at the noon break and was set to end a…

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Alibaba, Standard Chartered partner to accelerate AI adoption in banking sector

The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the…

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China already had a graduate jobs crisis. The trade war is making it worse

Even a master’s degree from a top Hong Kong university and a string of impressive internships have not been enough…

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Chinese state banks’ 2024 profits rise and bad loans dwindle even as margins narrow

Chinese banks are reporting higher profits and smaller bad debts, helped by the central bank’s flexibility on how lenders provide…

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Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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China says executives of state firms will be judged on stock performance

China said top managers of central state-owned enterprises (SOEs) will be partly judged on their companies’ stock performances and must…

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