China's biggest bank, state-owned Industrial and Commercial Bank of China (ICBC,
"Preparations have been going on smoothly. We hope to receive approval from American authorities as early as possible," said ICBC chairman Jiang Jianqing (
Jiang said ICBC also plans to open a branch next month in Russia, take over a bank in Sydney, Australia, and open branches in the Middle East in Dubai and Qatar, Xinhua reported. The report said he gave no details of those plans.
The bank made its first acquisition last year, buying Indonesia's Bank Halim.