China's ICBC to support stabilisation of property market

Signage outside an Industrial and Commercial Bank of China (ICBC) branch in Shanghai, China. Photographer: Qilai Shen/Bloomberg

SHANGHAI: The Industrial and Commercial Bank of China said on Thursday it will support moves underway in the world's second-largest economy to stabilise its property market.

The comments were made by Wang Jingwu, a vice president at the world's largest lender, at a press conference held a day after its annual results were published. Wang did not specify how ICBC will support the stabilisation of the sector.