Industrial and Commercial Bank of China

Global Times: China's senior officials vow to have intensified regulations to prevent financial risks as FSF kicks off in Beijing

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Thursday, November 9, 2023
Tao, Insurance, IPO, Relaxation, Pan, Bank, Housing, Tianjin University of Finance and Economics, Global Times, Standard Chartered, Conference, Wang, Developed country, Agricultural Bank of China, Agricultural Bank, Economics, Industrial and Commercial Bank of China, BOC International, Bank of China, Commercial bank, Tianjin University, Blood, Real-time, Social science, China Securities Regulatory Commission, CSRC, Cryptocurrency, Security (finance), Renewable energy

Pan said the financial sector will help local governments dissolve debt risks, and ensure stable and healthy development of the housing market.

Key Points: 
  • Pan said the financial sector will help local governments dissolve debt risks, and ensure stable and healthy development of the housing market.
  • Yi Huiman, chairman of China Securities Regulatory Commission (CSRC), Li Yunze, head of the National Financial Regulatory Administration and other senior officials, also addressed the opening ceremony.
  • In practice, the reform has led to even stricter regulatory measures, most notably, the enhancement of transparency, Yi stressed.
  • As an international bank rooted in China for 165 years, Standard Chartered will play the role of a "connector."

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

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Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Daiwa Securities Group, Face, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Deleveraging, Sale, Goldman Sachs, Agricultural Bank of China, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, News, Risk management, Renewable energy, Security (finance), Fosun International

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

MyyShop awarded "Most Innovative Social Commerce Platform" at Global Brands Magazine's Global Brand Award 2023

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Friday, August 11, 2023
Industrial and Commercial Bank of China, Social commerce, DHL, Commercial bank, Electronics, Fidelity Investments, ICBC, News, BYD Electronic, Alipay, NVIDIA

BEIJING, Aug. 11, 2023 /PRNewswire/ -- MyyShop, a pioneering social commerce platform launched by DHGATE Group, has been recognized by Global Brands Magazine's annual awards as "the Most Innovative Social Commerce Platform".

Key Points: 
  • BEIJING, Aug. 11, 2023 /PRNewswire/ -- MyyShop, a pioneering social commerce platform launched by DHGATE Group, has been recognized by Global Brands Magazine's annual awards as "the Most Innovative Social Commerce Platform".
  • In 2023, MyyShop launched the Million-Follower Movement campaign dedicated to helping content creators monetize their social impact effortlessly.
  • Global Brands Magazine has been at the forefront, bringing news, views, and opinions on brands shaping the future of their industry.
  • Winners include global brands such as Industrial and Commercial Bank of China (ICBC), Fidelity Investments, NVIDIA, BYD Electronics, Alipay, and DHL, among other prominent brands.

BOE IPC 2023 kicks off, themed "Empower IoT: an Opening Innovation Platform on Display"

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Wednesday, July 5, 2023
Carbon, Aston, Aion, Metaverse, HSR, CMS, Life, Guanghua School of Management, Internet, China Minsheng Bank, Partner, NIO, LCD, Patent, OLED, Peking University, Convention center, Software, Hyper, China Construction Bank, UB, Artificial intelligence of things, Commercial bank, BOE Technology, Chery, Consultant, FAW Group, GAC, Conference, Industrial and Commercial Bank of China, Exhibition, Shelley Powers, GT, LTPS, Multimedia, IOV, Hertz, Education, Speech, ADS, Internet of things, Qualcomm, IPC, NETA, Architecture, City, Corning, Ecosystem, AI, MLED, OPS, Television, Airline, XPeng, Display, Industrial

BEIJING, July 5, 2023 /PRNewswire/ -- On June 28, BOE Innovation Partner Conference 2023 (BOE IPC 2023) opened in Beijing Etrong International Exhibition & Convention Center, with the theme of "Empower IoT: an Opening Innovation Platform on Display."

Key Points: 
  • BEIJING, July 5, 2023 /PRNewswire/ -- On June 28, BOE Innovation Partner Conference 2023 (BOE IPC 2023) opened in Beijing Etrong International Exhibition & Convention Center, with the theme of "Empower IoT: an Opening Innovation Platform on Display."
  • Moreover, BOE IPC 2023 was live broadcast through the world's first 8K+5G UHD broadcasting vehicle, presenting the amazing industry event to audiences anywhere.
  • In the exhibition area of BOE IPC 2023, BOE showcased a plethora of its latest futuristic technologies.
  • At the entrance to the exhibition area, BOE showed how its IoT all-in-one platform supports the implementation of the strategy of "Empower IoT: an Opening Innovation Platform on Display".

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

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Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

Retrieved on: 
Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.

Investor Open Day: Fosun Implements Business Streamlining and Resilience Building Strategy, Focusing on Core Businesses to Bring New Vitality

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Friday, June 9, 2023
Lanvin, Bank of Communications, BlackRock, CICC, GF Securities, European, UBS, Biosimilar, Relaxation, BLA, Mining, The Bund Finance Center, Carcinoma, China Construction Bank, Tourism, Bank of China, Face, Culture, Commercial bank, Yuyuan Tourist Mart, Innovation, Research, Agricultural Bank of China, FTG, Growth, FDA, Empowerment, S&P Global Ratings, Industrial and Commercial Bank of China, Club Med, Communication, Agricultural Bank, Health, J.P. Morgan & Co., BFC, Fosun Pharma, Industrial, Social services, S&P Global, Person, Bank, Annual report, Regulation of tobacco by the U.S. Food and Drug Administration, Food, Security (finance), Management, Renewable energy, Pharmaceutical industry, Fine chemical, Fosun International, EU

It was the first time that Fosun International had held a large-scale offline open day after the pandemic.

Key Points: 
  • It was the first time that Fosun International had held a large-scale offline open day after the pandemic.
  • The investor relations team of Fosun International gave investors an in-depth tour of Fosun Pharma headquarters, the Grand Yuyuan, the Bund Finance Center (BFC), etc.
  • After winning out over the "perfect storm" in 2022, Fosun has been maintaining its strategic focus and accelerating the implementation of the business streamlining and core business-focused strategy.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.

Positive Revision! Fosun's Ratings Affirmed by S&P

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Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, HKEX, Agricultural Bank of China, FTG, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, Security (finance), Risk management, Fosun International

HONG KONG, May 31, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.

Positive Revision! Fosun's Ratings Affirmed by S&P Global Ratings

Retrieved on: 
Tuesday, May 30, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, HKEX, Agricultural Bank of China, FTG, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, Security (finance), Risk management, Fosun International

HONG KONG, May 30, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.
  • Amid a challenging global financial backdrop, Fosun's credit indicators assigned by international institutions such as S&P Global Ratings still hold firm thanks to its steadfast implementation of the strategy of "streamlining the organization".

Fosun's Strategy of "Streamlining the Organization" Begins to Bear Fruit and Offshore Syndicated Loan are Launched

Retrieved on: 
Friday, May 12, 2023
HSBC, China Construction Bank, Exim Bank, Happiness, Bank of Communications, Optimism, Industrial and Commercial Bank of China, Fosun Pharma, Bank of China, Daiwa Securities Group, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Health, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, Goldman Sachs, US, Euro, Agricultural Bank of China, FTG, Standard Chartered, Bank, Overweight, Relaxation, Guotai Junan Securities, RMB, Security (finance), Fosun International

The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.

Key Points: 
  • The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.
  • Since the formation of the syndicate, more than 10 banks have joined and banks may join through the "greenshoe option" in the next three months.
  • In January this year, Fosun's domestic entity obtained a syndicated loan of RMB12 billion.
  • Meanwhile, in the first quarter of 2023, Fosun High Technology successfully redeemed RMB5.93 billion bond in the domestic open market.