U.S.-based MoneyGram International has introduced a cash-to-account service with Industrial and Commercial Bank of China.

The British retail giant Tesco PLC has announced plans to establish a joint venture with a financial group to develop shopping centers in China.

The Industrial and Commercial Bank of China has reached an agreement with the Bank of East Asia on an equity transaction, in which ICBC will acquire a 70% stake in the Canadian subsidiary of BEA for CAD80.25 million.

The Industrial and Commercial Bank of China has opened its first wholly-owned Middle East subsidiary bank in Dubai, the economic and financial center of the United Arab Emirates.