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The third purchase in a year has boosted Temasek’s stake in ICBC to 7.04% from 6.71% while Goldman Sachs sold its remaining ICBC stake Monday to raise USD 1.1billion

This will be the first time for China to dispose of bad debts at local level by setting up a local asset management firm.

LGFV loans stood at 9.3 trillion yuan at the end of 2012, 1.5 times the fiscal revenue reported by local governments for the year of 2012

Goldman Sachs had reduced its stake in ICBC five times before Monday’s sales as international institutions showed growing worries over China’s banking industry and overall economy.

The problems of China’s lenders are greater than those of the Western banks on the eve of the financial crisis, but because they are state-owned, the government will most likely print money and prop them up

IPO activity from Chinese companies has fallen to $2.9 billion for year-to-date 2013, a 66 percent decrease compared to a year ago.

The non-performing loan outstanding of commercial banks rose to CNY 526.5billion at the end of March while the NPL ratio inched up to 0.96%.

M2, a broad measure of money supply, rose 16.1 percent year-on-year to 103.26 trillion yuan ending April

Four biggest state-owned banks extended a combined 245 billion yuan in new loans in April, compared with 370 billion in January and 330 billion in March

It’s widely believed that the recent RMB rally is the major driving force behind the rising funds outstanding for foreign exchange

The Buffet-backed BYD in March reported a drop of over 94% in net profit for the year 2012 largely due to weakening demands in the world’s second largest economy amid a downturn.

The central bank is considering an even broader trading band for the currency, said Yi Gang, deputy governor of the People’s Bank of China (PBoC) earlier last month.

Regulators in China are undertaking a joint investigation in the country's vast bond market, as part of a broader clamp-down on irregular transactions

The China-Iceland FTA covers trade in goods and services, investments, and various other areas.

“Many Chinese investors regard Europe’s current weakness as an opportunity to jump in.”

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