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Industrial and Commercial Bank of.......>

CHINA PRESS
MNI (London)
CHINA PRESS: Industrial and Commercial Bank of China, one of the big four
state-owned banks, is planning to issue more than CNY80 billion of perpetual
bonds to supplement its Tier 1 capital, the Beijing News reported late Thursday.
ICBC added around CNY200 billion to its core capital last year through net
profit after dividends, but it is still not enough for the development of the
bank, said Gu Shu, head of ICBC, the paper reported.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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