Chinese bank to enter country’s banking fold

The Industrial and Commercial Bank of China (ICBC) will enter Cambodia’s banking sector in November to become the country’s 30th commercial bank to date, Xinhua news agency reported yesterday. The report said that ICBC president Yang Kaisheng had met with Prime Minister Hun Sen on Tuesday in Phnom Penh to express his interest in opening up a branch here… (Philip Heijmans, p.25)