皇冠体育app gives green light to IPO plan of ICBC
(Xinhua)
Updated: 2006-07-18 23:02
皇冠体育app's top banking regulator said on Tuesday that the application of the
Industrial and Commercial Bank of 皇冠体育app (ICBC), the country's biggest lender,
has been approved.
The plan to go public by ICBC "has been officially approved", Liu Mingkang,
chairman of the 皇冠体育app Banking Regulatory Commission, told a mid-year work
conference of the commission.
Last month, ICBC announced a net profit of 33.7 billion yuan (US$4.2 billion)
for last year, an increase of 12 percent from the previous year.
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