Jiang Jianqing News
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Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
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Standard Bank Group Ltd., Africa’s largest lender, and Industrial & Commercial Bank of China, agreed to lend as much as 20 billion rand ($2.2 billion) for renewable-energy projects in South Africa.
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Industrial & Commercial Bank of China Ltd. plans to buy 20 percent of Bank Sinopac in the first mainland investment in a Taiwan lender, pushing the parent company’s share price up the most in more than three years.
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Industrial & Commercial Bank of China Ltd. Chairman Jiang Jianqing said he expects China to maintain tight monetary policy even though there’s room to adjust the provision of credit to “certain sectors.”
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JPMorgan Chase & Co. pays Jamie Dimon $1.21 million for every $1 billion of profit at the biggest U.S. bank. Industrial & Commercial Bank of China Ltd., the world’s most profitable, gives its top executive $9,400.
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Twenty-one banks agreed in Shanghai today to sell loans on China’s interbank market as the government allowed the transactions for the first time.
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Industrial & Commercial Bank of China Ltd. boosted loans by 16.9 percent in 2010 from a year earlier after the government relaxed lending to spur the economy, the Economy & Nation Weekly reported citing Chairman Jiang Jianqing .
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China’s likely search for a successor to Zhou Xiaochuan as central bank chief is spurring focus on the nation’s banking and securities regulators as the incoming Communist leadership overhauls top government positions.
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Copper dropped, heading for a fourth weekly decline, after Germany ruled out joint euro-area borrowing and an expanded role for the European Central Bank in fighting the region’s debt crisis.
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Industrial & Commercial Bank of China Ltd. , the world’s largest lender by market value, said its bad-loan ratio is dropping and ruled out a deterioration in asset quality from property and local-government lending.
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