ICBC targets investment banking, insurance

(Shanghai Daily)
Updated: 2007-06-12 14:58

Industrial and Commercial Bank of China Ltd(ICBC), the nation's largest, is seeking an investment banking license amid efforts to expand globally over the next two to three years, Chairman Jiang Jianqing said.

Beijing-based ICBC also plans to expand into the insurance, trust and leasing businesses, Jiang said in Beijing today, speaking at the company's first annual shareholder meeting.


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