Industrial and Commercial Bank of China News

Allianz Sets Its Sights on Asia-Pacific’s ‘Growth Engine’

Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world. “Asia is still a relatively small part of the overall global portfolio but it …

AIG’s $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review

American International Group Inc. is to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market easier and cheaper access to planes. Chinese …

Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit

A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International Group’s aircraft leasing unit for around $5.5 billion, a source familiar with the matter said on Friday. AIG, which …