13 Quotes by Wu Zhiguo

Domestic banks have experience and expertise in managing investment in low-risk bonds based on their long-history in asset-management businesses. It's good for ICBC to pursue the plan.

The bonds were forecast to jump as their government backing means little risk to investors. As the country's stock markets still face policy uncertainties, these bonds provide a haven for investors.

Stiffer competition from bigger state-owned banks may have contributed to the earnings drop. Besides, costs probably rose as the bank was on track to expand out of the city.

By disposing of bad debt and restructuring itself into a joint-stock venture, ICBC posted handsome profits, which may help attract investors in its new share sale.