The Industrial and Commercial Bank of China will sell R10-billion worth of rand bonds, making it the first Asian issuer of rand-denominated debt.
The former president of China’s biggest bank, Yang Kaisheng, has been appointed as Standard Bank Group’s new deputy chairperson.
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Soaring purchases of gold bullion and the rising jewellery sales are helping China become the world’s biggest market for gold.
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/ 11 September 2009
Standard Bank, Africa’s top bank by assets, has signed a -billion loan facility with four major Chinese banks in Macau, it said on Friday.
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/ 3 December 2008
Chinese mining firms are gearing up to take advantage of the global downturn and seek M&A mining deals at bargain prices next year.
Standard Bank Group, 20% owned by the Industrial and Commercial Bank of China (ICBC), will explore global banking acquisition opportunities jointly with its Chinese partner.