Dossier
ICBC
Coverage of ICBC in the Nexus archive.
- China's CXMT soared 466% on its first day of trading after a record memory chip IPO
China's CXMT surged 466% on its first day of trading after raising $8.6 billion in Asia's largest IPO this year, making it the most valuable listed company in China surpassing ICBC.
- Citi to join ‘club’ of clearing banks controlling London gold market
Citi is set to become a clearing bank in the London gold market, joining JPMorgan, UBS, ICBC, and HSBC. This marks the first new clearing member for the world's largest physical gold market in a decade.
- China Names Africa’s First Renminbi Clearing Bank
China's central bank designated Standard Bank and ICBC as Africa's first Renminbi Clearing Bank, enabling 19 countries to settle trade in yuan instead of dollars.