ICBC commits to helping stabilize Chinese economy


Source: chinadaily.com.cn chinadaily.com.cn

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The logo of Industrial and Commercial Bank of China at the entrance to a branch in Beijing in April 2019. [Photo/Agencies] The Industrial and Commercial Bank of China said it will step up counter-cyclical credit issuance in the second half of this year to help stabilize the Chinese economy and further promote the high-quality development of the bank. "The ICBC will see a higher increase in its credit issuance year-on-year in the second half and for the full year of 2022. At the same time, it will also optimize its credit structure and highlight key areas of credit support," said...