No fundraising for ICBC

09:26, January 14, 2011      

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The nation's largest lender, Industrial and Commercial Bank of China (ICBC), said it will not conduct fundraising from the capital markets within three years, the Chinese-language Securities Times reported Thursday, citing the bank's chairman.

Chinese lenders raised $80 billion last year to replenish capital depleted by a lending spree in 2009.

ICBC were not immediately available for comment.

Source: Global Times
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