ICBC funds nod raises eyebrows, THE STANDARD.

Publication: Finance Wire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2004 FDCH e-media

Original Source: Emerging Markets Datafile

URL: http://www.thestandard.com/

Industrial and Commercial Bank (ICBC), China's biggest lender, may become the first mainland bank to win approval to set up its own fund management firm, according to press reports.

At a time when other big state-owned banks are cleaning up their operations - and their balance sheets - in preparation to sell shares overseas, ICBC has been a laggard in embracing reform. It is still saddled with a bloated...

Read the full article for free courtesy of your local library.