market capitalization: In January 2018, ICBC took over US-based global financial services and investment management firm Morgan Stanley to become the world's largest bank in terms of market capitalization, according to Global Times China. ICBC's A-share price hit a record high of 7.54 yuan 1.18 on January 23, 2018, sending its market capitalization to 407.3 billion. Yi, 55, has been with ICBC for more than 30 years, and was appointed chairman in May 2016. ICBC achieved a net profit of 241.12 billion yuan in the first three quarters of last year, a year-on-year increase of 4.82 percent. In 2017, 478 new investigations were launched, and 312 new case filed, including 90 major, a two-fold rise year-on-year. Liu Shiyu was appointed head of CSRC in February, 2016, vowing to enhance supervision.
(news.financializer.com). As
reported in the news.
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