Bank of Communications

The Bank of Communications, one of China’s largest commercial banks, has opened a branch in Johannesburg, South Africa, the first branch established by the bank on the African continent, according to its headquarters in Shanghai. As...

China’s five major banks reported faster net profit growth and lower bad loan rates in 2017. The country’s biggest bank, the Industrial and Commercial Bank of China (ICBC), saw its net profit up by 3 percent in...