World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
For a Top Chinese Banker, Profits Hinder Political Rise
Keywords:
ICBC's strong performance is largely because of the leadership of Jiang Jiangqing. Jinagqing was reluctant to engage in the large scale lending encouraged by the government during the 2008-2009 financial crisis. For this reason he is not popular with the leadership in the government and the Communist party. This could change considering the large number of loans from that period which are expected to go sour in coming years. The U.S., Spain, U.K. and other countries suffered from the effects of bad loans in the banking system and experts say China is not likely to be an exception. Especially considering the excessive lending during that period and slowing growth in China. When this happens Jianqing's banking skills and conservative approach is likely to gain increasing respect within China. Jiangqing has expressed the view that the last thing China needed was to go back to the situation in 2000 when China's banking system was weighed down with bad debt. One has only to look at the change in Spain where once respected senior IMF officials like Rodrigo Rato are now looked at very differently. Jianging's push for expansion overseas- so that ICBC does not end up being a regional bank- is not viewed favorably by the government, which looks for a domestic focus.
Industrial and Commercial Bank of China (ICBC)
10/10/2011
Grouped Articles
Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
New York Times 10/10/2011
China's ICBC Sells Riskier Bonds
Wall Street Journal 08/05/2014
Temasek Buys ICBC Stake From Goldman
Wall Street Journal 04/16/2012
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
Industrial and Commercial Bank of China (ICBC) performance
10/10/2011
Grouped Articles
Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
New York Times 10/10/2011
China's ICBC Sells Riskier Bonds
Wall Street Journal 08/05/2014
Profit Growth Is Slowing at China’s Biggest Banks
Wall Street Journal 10/30/2014
China's ICBC Steps Up Overseas Push
Wall Street Journal 11/27/2012
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
Jiang Jianqing, CEO of Industrial and Commercial Bank of China
06/17/2010
Jiangqing's role in the performance of Industrial and Commercial Bank of China. ICBC is considered the best run of the large state owned banks in China, with fewer non-performing loans, the use of information technology and strategies for developing a global presence.
Grouped Articles
Big Trouble at Little China Banks
Wall Street Journal 07/21/2011
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
New York Times 10/10/2011
Charlene Chu Is the 'Rock Star' of Chinese Debt Analysis
Wall Street Journal 08/22/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
Chinese Bank Regulator Warns of Loan Risks
Wall Street Journal 06/17/2010
Industrial and Commercial Bank of China (ICBC) management
10/10/2011
Grouped Articles
Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
New York Times 10/10/2011
China's ICBC Steps Up Overseas Push
Wall Street Journal 11/27/2012
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
Industrial and Commercial Bank of China (ICBC) strategies
10/10/2011
Grouped Articles
Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
New York Times 10/10/2011
China's ICBC Sells Riskier Bonds
Wall Street Journal 08/05/2014
China's ICBC Steps Up Overseas Push
Wall Street Journal 11/27/2012
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
China's bankers and banking now and in the future- Spain's bankers and banking then and now
06/26/2012
The importance of prudent financial management in banking. The example of Spain, the UK, other European countries and the U.S. The unanimous view of experts that China is not an exception.
Linked Articles
For a Top Chinese Banker, Profits Hinder Political Rise
Wall Street Journal 03/03/2013
Spanish Officials Hailed Banks as the Crisis Built
New York Times 06/26/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
