Commercial Bank Of China
latest news & developmentsFirstRand says it is not in talks with Chinese bank
South African banking group FirstRand on Friday said it was not in talks with a Chinese bank over selling a stake. ”We are not in discussions with a Chinese bank,” FirstRand…
Chinese bank wants stake in First National Bank
A major, but unidentified Chinese bank is in talks to buy a stake in South Africa’s second-largest lender First National Bank, a media report said on Friday. If carried out, the…
Standard Bank has $2bn boost as ICBC deal closes
Standard Bank has received a R16-billion boost to its capital base after completion of a deal in which China’s biggest lender ICBC took a 20% stake, it said on Monday.…
China approves ICBC stake in Standard Bank
Chinese regulators have given permission for Industrial and Commercial Bank (ICBC) of China, the nation’s largest lender, to buy a 20% stake in Standard Bank, ICBC said.…
‘Stocks’ beats ‘sex’ in Google China keyword searches
The names of three banks and the word "stocks" beat "sex" to become four of the most Googled words in China last year, according to a Google China list seen on Thursday. China…
Anglo, Billiton still weigh on JSE
Resource heavyweights Anglo American and BHP Billiton continued to weigh on the JSE in midday trade on Tuesday, with the all-share pulling back almost half a percent from its…
Standard Bank wins big at The Banker awards
Standard Bank’s position as one of the world’s leading emerging markets banks was endorsed on Wednesday night with the company winning eight awards, including the prestigious…
World markets boost a recovering JSE
World markets injected some life into the JSE at midday on Friday as the all-share index lifted 0,90%, led by a 1,78% gain in resources. By noon the gold mining index collected…
China digs deeper into Africa with bank deal
China has served notice it is accelerating its investment drive in Africa towards full throttle with the planned ,6-billion cash purchase of a major stake in Standard Bank by…
JSE extends gains as banks climb
Solid gains in bank stocks pushed the JSE further into the black at midday on Friday, while platinum stocks added some extra light. At noon on the JSE, the all-share index was…
ICBC to buy 20% of Standard Bank for $5,6-billion
China’s biggest lender ICBC is to buy 20% of South Africa’s Standard Bank for R36,67-billion (,6-billion) in cash, in the biggest foreign investment yet in Africa. The move…
Bank shares leap on Standard Bank news
South African bank shares leapt on Thursday after reports that China’s biggest bank, Industrial and Commercial Bank of China, has agreed to buy a 20% stake in Standard Bank, in a…