Date
18 October 2018

ICBC sees good performance in noble metal trade, paper says

Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN) saw its noble metal trade exceed 1 trillion yuan ($164.3 billion) in the three quarters to September, achieving its best performance in four years, China Daily reported Tuesday. Transactions of noble metal, resistant to corrosion and oxidation, increased 22 percent year on year to 110,000 tons, the report said, citing a bank press release. The bank has enhanced noble metal services in trade, financing, wealth management and direct sales to widen its service network and meet rising demand, a spokesman was quoted as saying.

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