Wednesday, 1 July 2009

ICBC in banking charge U-turn?

Industrial and Commercial Bank of China (SH:601398;HK:1398), China's largest lender, removed an announcement from its website that had said customers would be required to pay higher banking charges. The announcement had caused a great deal of displeasure amoung the bank's customers and it is unclear if plans have now been shelved. ICBC shares lost 1.11 percent on Shanghai trading today.

www.proactiveinvestors.com.hk

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