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ICBC gets green light to set up financial leasing unit

01 November 2007

Read more: ICBC

The Industrial and Commercial Bank of China (ICBC) has received approval from China Banking Regulatory Commission to set up a financial leasing unit, a new company wholly owned by ICBC with a capital base of Rmb2...


Quote

"A lot of people hoped these proposals would die under their own weight"

Michael Inglese, chief financial officer, Aircastle on the proposed new accounting standards

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