Bloomberg News

ICBC’s Pace of Lending Will Be Faster This Year, President Says

March 03, 2012

Industrial and Commercial Bank of China Ltd.’s pace of lending will be faster this year than last year, President Yang Kaisheng said on the sidelines of the Chinese People’s Political Consultative Conference in Beijing.

The lender has enough liquidity to support loans to small companies and no plans to sell bonds to fund these loans, Yang said.

To contact Bloomberg News staff for this story: Jun Luo in Shanghai at jluo6@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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