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It was announced at the end of July 2013 that South Africa's Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500 million. [37] The transaction was completed on 1 February 2015, after which the London-based operation has been known as ICBC Standard Bank.
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
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 ...
The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China. The People's Bank of China is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese ...
In February 2014, the bank has appointed him as its president, succeeding Li Lihui who has reached retirement age. [2] On 31 July 2017, he was promoted to become chairman the board of the bank. In April 2019, he was named chairman of the board of the Industrial and Commercial Bank of China , replacing Yi Huiman , who will become chairman of ...
Industrial and Commercial Bank may refer to: Industrial and Commercial Bank of China (ICBC), the largest state-owned bank in China; Industrial and Commercial Bank of China (Asia), the Hong Kong-subsidiary of ICBC; Hong Kong Industrial and Commercial Bank, a defunct bank of Hong Kong, now China Construction Bank (Asia)
Industrial and Commercial Bank of China (Asia) 中國工商銀行(亞洲) 1964: ICBKHKHH 043: Nanyang Commercial Bank: 南洋商業銀行: 1949: NYCBHKHH 035: OCBC Bank (Hong Kong) 華僑銀行(香港) 1932: WIHBHKHH 028: Public Bank (Hong Kong) 大眾銀行(香港) 1934: CBHKHKHH 025: Shanghai Commercial Bank: 上海商業銀行: 1950 ...
In May 2008, he became vice president of the bank, rising to president in May 2013. He rose to become chairman of the board of the Industrial and Commercial Bank of China in September 2016, succeeding Jiang Jianqing. He was appointed as the chairman of the China Securities Regulatory Commission (CSRC) on 26 January 2019.