Chinese Bank Makes Foray Into U.S.

Real Estate News:Chinese Bank Makes Foray Into U.S.

The Industrial & Commercial Bank of China, and then China’s largest bank ICBC Pushes Into U.S.:, is rolling out a “large-loan” plan targeting money-making real-estate owners in need of loans that exceed $100 million.The be in motion by Beijing-based ICBC, which is 70% owned by the Chinese government, it is part of a broader move forward into the U.S. market and comes as China's controllers are heartening household financial foundations to make bigger overseas. Although many U.S. and European banks persist to thrash about with losses tied to real-estate loans made during the fizz years, ICBC is betting that material goods values have fallen enough that the bank's lending risks will be limited.

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