ICBC to build capital trading center in Beijing
16/4/2003 16:32
The Industrial and Commercial Bank of China (ICBC), the country's
largest lender, will set up a capital trading center in Beijing, with branch
offices to be established in Shanghai and Guangzhou, eastday.com reported
today.
The capital trading center, together with the
Shanghai-headquartered Bill Dealing Center, will become the most important
vehicles for ICBC's capital operations, according to the spokesman of
ICBC.
ICBC will expand its business on the basis of the two centers and
form a new business model for capital operations, the spokesman said. All ICBC
branches nationwide should leverage geographic advantages to tap the financial
market, he added.
Wendy Zhang/ Shanghai Daily news
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