Report: ICBC approved to inject HK$12 bln to ICBC(Asia)

Industrial and Commercial Bank of China(ICBC) was reported to have been approved by Peopleˇ¦s Bank of China to inject HK$12 assets to its HK branch ICBC(Asia)(0349).Itˇ¦s also said Li Lihui, vice chairman of ICBC will have a meeting with Financial Monetary Authority to seek for their approval. The assets to be injected to ICBC(Asia) excludes the loans HK branch offered to mainland institution.

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