Industrial Bank (China)

CIB FinTech and Huawei Jointly Win The Asian Banker's Award for Best Data Infrastructure Implementation in China

Retrieved on: 
Saturday, July 29, 2023
Cloud, The Asian Banker, Huawei, Internet of things, Learning curve, Intelligence, Future, Industrial Bank (China), O&M, Digital, Industrial bank, CIB, Software, Mobile phone, Cryptocurrency, Network equipment provider, Retail

Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won Best Data Infrastructure Implementation in China in this category.

Key Points: 
  • Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won Best Data Infrastructure Implementation in China in this category.
  • Based on Huawei Financial Data Intelligence Solution that includes software and hardware products like Kunpeng, Kylin, Huawei Cloud, and data lakehouse, CIB FinTech has built an enterprise-level and all-scenario integrated analysis platform.
  • As a self-service, real-time, and intelligent data service technical foundation, the platform consists of data, scheduling, management, and service sub-platforms.
  • Leveraging its fully-converged cloud-data-AI-computing Financial Data Intelligence Solution, Huawei accelerates the unleashing of data value and helps financial institutions innovate businesses.

Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.2 Billion

Retrieved on: 
Thursday, June 9, 2022
Investment banking, Bookrunner, Credit Suisse, Industrial Bank (China), Crédit Agricole Corporate and Investment Bank, Sumitomo Mitsui Banking Corporation, HSBC Bank, Bank of China, Bank, Commonwealth Bank, Deutsche Bank, CEO, BNP Paribas, Solution, MUFG Bank, Commercial bank, Facility, HSBC Bank USA, ING Group, Wells Fargo

STAMFORD, Conn., June 9, 2022 /PRNewswire/ -- Freepoint Commodities LLC ("Freepoint") today announced that it has closed a USD 2.63 billion revolving bank facility (the "Facility").

Key Points: 
  • STAMFORD, Conn., June 9, 2022 /PRNewswire/ -- Freepoint Commodities LLC ("Freepoint") today announced that it has closed a USD 2.63 billion revolving bank facility (the "Facility").
  • The Facility consists of a USD 1,578,000,000 three-year committed tranche and a USD 1,052,000,000 one-year uncommitted tranche.
  • Simultaneously, Freepoint extended the maturity of its subordinated secured facility and increased the facility size to USD 125 million.
  • Freepoint is a global commodities merchant of physical commodities providing customers with physical supply and logistics chain management and services, together with eco-friendly products and solutions.

Respected Academics Reaffirm Safety Of Industrial Banks

Retrieved on: 
Tuesday, August 10, 2021
Milken Institute, University, Consolidated, Aldo Pignanelli, Federal Reserve, Industrial Bank (China), Time, Sound, Fellow, FDIC, Financial services, Auburn University, Research, Wharton, SALT, Public sector banks in India, Bangladesh Technical Education Board, Multimedia, Federal, Gingival recession, National Association, DRS, Center, Ryerson University, One Utah Center, Great Recession, Sun, Bank

The conclusions underscore the judgement of accomplished scholars - industrial banks are the safest and soundest financial institutions in the country.

Key Points: 
  • The conclusions underscore the judgement of accomplished scholars - industrial banks are the safest and soundest financial institutions in the country.
  • The bottom line is that the evidence presented indicates no corrective legislative action is needed to deal with industrial banks."
  • "We're grateful that these academics were willing to spend the time and effort in addressing the issue regarding supervision of industrial banks.
  • We look forward to additional discussions about how industrial banks can further provide secure, innovative, credit to Americans," added Pignanelli.