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MNI: The Industrial and Commercial Bank of China.....>

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MNI: The Industrial and Commercial Bank of China (ICBC), the country's largest
bank by assets, will increase control of its interbank transactions and improve
its credit risk prevention, the Shanghai Securities News reported Thursday,
citing Yi Huiman, the bank's chairman. ICBC pledges that outstanding interbank
assets will not surpass 10% of total liabilities, Yi said, and its leverage
ratio from wealth management products will not exceed 1.4 times. The bank will
focus on credit management and improve its capacity for absorbing and resolving
risks. ICBC is committed to operating in a prudent way, maintaining stability in
liquidity, the yuan exchange rate and interest rates, and playing a positive
role in guiding market expectations and reducing volatility, Yi stressed.
(Shanghai Securities News)

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