SHANGHAI: The Industrial and Commercial Bank of China (ICBC) said on Thursday (Mar 28) it will support moves underway in the world's second-largest economy to stabilise its property market. The comments were made by Wang Jingwu, a vice president at the world's largest lender, at a press conference held a d
The comments were made by Wang Jingwu, a vice president at the world s largest lender, at a press conference held a day after its annual results were published. Wang did not specify what kind of support ICBC would provide.
Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.
BEIJING/SHANGHAI -Four of China s largest listed lenders posted shrinking margins in the third quarter, as renewed turmoil in the property markets, which are grappling with a debt crisis, led to cuts.
Stronger strategies needed to boost property market shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.