More loans for key industries

BEIJING - The Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, will double its lending to China's new strategic industries, including those involved in high-end manufacturing, the service industry and the green sector, during the next three to five years, the bank's president said on Sunday.

"We will increase the amount of loans to these key industries at a faster pace," said Yang Kaisheng, who is also a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).

Yang was speaking at a press briefing in Beijing.