Date
17 October 2017

ICBC notes trading platform sees volumes surge, Xinhua says

Transaction volume of notes through the trading platform of Industrial and Commercial Bank of China Ltd. (ICBC) (01398.HK, 601398.CN) has totaled 10 trillion yuan (US$1.63 trillion) from November 2000 to the end of 2012, Xinhua news agency reported Monday, citing data from the lender. The central bank authorized ICBC to establish China’s first nationwide notes trading platform in November 2000. As the end of 2012, the annual compound growth rate of its transaction volume was 23 percent while profit has totaled 11.5 billion yuan. In the nine months to September this year, transaction volume reached 1.31 trillion yuan, up 71.8 percent compared to the same period last year.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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