{"id":426,"date":"2011-01-22T14:39:31","date_gmt":"2011-01-22T14:39:31","guid":{"rendered":"http:\/\/www.global500.dev\/?p=426"},"modified":"2011-01-22T14:39:31","modified_gmt":"2011-01-22T14:39:31","slug":"chinese-bank-signs-deal-to-buy-us-branches","status":"publish","type":"post","link":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/","title":{"rendered":"Chinese Bank Signs Deal to Buy US Branches"},"content":{"rendered":"<p>In a <a href=\"http:\/\/bit.ly\/g2LIh4\">news report<\/a> today, Industrial &amp; Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong.<\/p>\n<p>ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank of East Asia is a much smaller bank with just over $1 billion in revenue and is number 128 in the banking sector in The Global 5000.<\/p>\n<p>While the transaction is interesting to note when Global 5000 companies make moves, this one is more about &#8220;watch this space&#8221;.\u00a0 Large, Chinese state controlled corporations have been making a lot more global moves recently including recent activity by State Grid in both the Philippines and Brazil. An initial entry by ICBC via acquisition will provide them a platform to learn, grow and expand their business over time in the US market.<\/p>\n<p>I am sure large, US based banks will be watching &#8212; Bank of America, Chase, Citibank, Wells Fargo, US Bancorp, PNC are probably all listening.<\/p>\n<p>And those who sell products and services to the financial community would be well served by making sure their prospect lists and business relationships have cast a wide enough net to take advantage of a moving, changing landscape that is sure to accelerate in the not too distant future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a news report today, Industrial &amp; Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong. ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[61,67,165],"class_list":["post-426","post","type-post","status-publish","format-standard","hentry","category-news","tag-banks","tag-china","tag-financial-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database\" \/>\n<meta property=\"og:description\" content=\"In a news report today, Industrial &amp; Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong. ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\" \/>\n<meta property=\"og:site_name\" content=\"Global 5000 Database\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-22T14:39:31+00:00\" \/>\n<meta name=\"author\" content=\"Harry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Harry\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\"},\"author\":{\"name\":\"Harry\",\"@id\":\"https:\/\/theglobal5000.com\/#\/schema\/person\/dbe6c3973a9c25cebd55b385da6657ba\"},\"headline\":\"Chinese Bank Signs Deal to Buy US Branches\",\"datePublished\":\"2011-01-22T14:39:31+00:00\",\"dateModified\":\"2011-01-22T14:39:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\"},\"wordCount\":228,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\/\/theglobal5000.com\/#organization\"},\"keywords\":[\"Banks\",\"China\",\"Financial Services\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\",\"url\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\",\"name\":\"Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database\",\"isPartOf\":{\"@id\":\"https:\/\/theglobal5000.com\/#website\"},\"datePublished\":\"2011-01-22T14:39:31+00:00\",\"dateModified\":\"2011-01-22T14:39:31+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/theglobal5000.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Bank Signs Deal to Buy US Branches\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/theglobal5000.com\/#website\",\"url\":\"https:\/\/theglobal5000.com\/\",\"name\":\"Global 5000 Database\",\"description\":\"The Definitive List of the Largest Companies in the World\",\"publisher\":{\"@id\":\"https:\/\/theglobal5000.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/theglobal5000.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/theglobal5000.com\/#organization\",\"name\":\"Global 5000 Database\",\"url\":\"https:\/\/theglobal5000.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/theglobal5000.com\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/theglobal5000.com\/wp-content\/uploads\/2023\/11\/Global-5000-new-G5000-web-site.png\",\"contentUrl\":\"http:\/\/theglobal5000.com\/wp-content\/uploads\/2023\/11\/Global-5000-new-G5000-web-site.png\",\"width\":88,\"height\":77,\"caption\":\"Global 5000 Database\"},\"image\":{\"@id\":\"https:\/\/theglobal5000.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/the-global-5000\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/theglobal5000.com\/#\/schema\/person\/dbe6c3973a9c25cebd55b385da6657ba\",\"name\":\"Harry\",\"url\":\"http:\/\/theglobal5000.com\/author\/harry\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database","og_description":"In a news report today, Industrial &amp; Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong. ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank [&hellip;]","og_url":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/","og_site_name":"Global 5000 Database","article_published_time":"2011-01-22T14:39:31+00:00","author":"Harry","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Harry","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#article","isPartOf":{"@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/"},"author":{"name":"Harry","@id":"https:\/\/theglobal5000.com\/#\/schema\/person\/dbe6c3973a9c25cebd55b385da6657ba"},"headline":"Chinese Bank Signs Deal to Buy US Branches","datePublished":"2011-01-22T14:39:31+00:00","dateModified":"2011-01-22T14:39:31+00:00","mainEntityOfPage":{"@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/"},"wordCount":228,"commentCount":5,"publisher":{"@id":"https:\/\/theglobal5000.com\/#organization"},"keywords":["Banks","China","Financial Services"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#respond"]}]},{"@type":"WebPage","@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/","url":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/","name":"Chinese Bank Signs Deal to Buy US Branches - Global 5000 Database","isPartOf":{"@id":"https:\/\/theglobal5000.com\/#website"},"datePublished":"2011-01-22T14:39:31+00:00","dateModified":"2011-01-22T14:39:31+00:00","breadcrumb":{"@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/theglobal5000.com\/"},{"@type":"ListItem","position":2,"name":"Chinese Bank Signs Deal to Buy US Branches"}]},{"@type":"WebSite","@id":"https:\/\/theglobal5000.com\/#website","url":"https:\/\/theglobal5000.com\/","name":"Global 5000 Database","description":"The Definitive List of the Largest Companies in the World","publisher":{"@id":"https:\/\/theglobal5000.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/theglobal5000.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/theglobal5000.com\/#organization","name":"Global 5000 Database","url":"https:\/\/theglobal5000.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/theglobal5000.com\/#\/schema\/logo\/image\/","url":"http:\/\/theglobal5000.com\/wp-content\/uploads\/2023\/11\/Global-5000-new-G5000-web-site.png","contentUrl":"http:\/\/theglobal5000.com\/wp-content\/uploads\/2023\/11\/Global-5000-new-G5000-web-site.png","width":88,"height":77,"caption":"Global 5000 Database"},"image":{"@id":"https:\/\/theglobal5000.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/the-global-5000\/"]},{"@type":"Person","@id":"https:\/\/theglobal5000.com\/#\/schema\/person\/dbe6c3973a9c25cebd55b385da6657ba","name":"Harry","url":"http:\/\/theglobal5000.com\/author\/harry\/"}]}},"_links":{"self":[{"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/posts\/426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/comments?post=426"}],"version-history":[{"count":4,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/posts\/426\/revisions"}],"predecessor-version":[{"id":430,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/posts\/426\/revisions\/430"}],"wp:attachment":[{"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/media?parent=426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/categories?post=426"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/theglobal5000.com\/wp-json\/wp\/v2\/tags?post=426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}