ICBC

Leaked files show ICBC financed sanctioned oligarchs from London hub

A trove of 4.8 million confidential records from inside the Industrial and Commercial Bank of China has exposed how the world's largest bank used its London operations to finance companies linked to sanctioned oligarchs, autocrats and China's political establishment, according…

Standard Bank, ICBC authorized to clear yuan across Africa

China's central bank has authorised Standard Bank and the Industrial and Commercial Bank of China to jointly clear renminbi transactions across Africa, creating a new financial corridor that bypasses the US dollar for the continent's largest bilateral trade relationship.