16 January 2019

ICBC chairman backs more open financial market, report says

Jiang Jianqing, chairman of Industrial & Commercial Bank of China (01398.HK, 601398.CN), has called for more opening up of the financial market and easier access for non-state capital, Tencent Finance reported Wednesday. Jiang favors diversified shareholding in financial institutions and wants banks to shift more lending to small and medium-sized enterprises, given that big businesses are tending to raise funds from the capital market, according to the report.

– Contact HKEJ at [email protected]



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