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The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
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ICBC is among other state-owned banks to receive regulatory approval for a $13.6 billion (88.5 billion yuan) state-backed green fund in 2021. ICBC and Bank of China will finance environmentally friendly projects along the Yangtze River by investing 8 billion yuan each in the National Green Development Fund. [61]
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Bill 5 created the position of the Fairness Officer at ICBC to replace the corporation's Fairness Commissioner; Bill 8 brought the Real Estate Council of BC and the Office of the Superintendent of Real Estate under the regulatory authority of the BC Financial Services Authority; and Bill 9 amended how local government elections are conducted by ...
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The bank was renamed as ICBC (Asia) after the acquisition by ICBC in July 2001. On 30 April 2004, ICBC (Asia) acquired the retail banking business (but not the wholesale banking business) of Fortis Bank Asia HK from Fortis. Fortis Bank Asia became a wholly owned subsidiary of ICBC (Asia) and reverted to its earlier name, Belgian Bank. On 10 ...
Central City Shopping Centre (interior) Central City (formerly known as Surrey Place Mall) is a mixed-use development that houses a shopping mall, a university campus and an office tower complex in Surrey, British Columbia, Canada.