News
China's ICBC approved by Cambodia central bank as yuan clearing bank
Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, said on Tuesday it has been approved by National Bank of Cambodia as a clearing bank for the Chinese yuan currency in the country. ...
The Business Times News Staff
http://www.businesstimes.com.sg/breaking-news/asia/chinas-icbc-approved-cambodia-central-bank-yuan-clearing-bank-20140325
China's ICBC offers RMB transfers
A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...
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 ...
