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CPN-UML senior leader Jhala Nath Khanal stated that factionalism in the party must end at the earliest to protect and promote national integrity.

Speaking at the seventh municipal convention of the party’s Ratnanagar chapter in Chitwan district on Sunday, Khanal said disputes within the party might hamper the country’s fight for integrity.

Khanal’s comments come at a time when the faction led by senior leader and former prime minister Madhav Kumar Nepal has been accusing the party Chairman KP Sharma Oli-led faction of taking decisions unilaterally.

The former prime minister, meanwhile, also encouraged his cadres to prepare for the local elections supposed to be held by mid-December this year so that it could win majority seats.

Khanal also lauded the budget for the new fiscal year 2016/17 and directed the cadres to make everyone aware of its importance on a national scale.

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Industrial and Commercial Bank of China Ltd. (ICBC; simplified Chinese: 中国工商银行; traditional Chinese: 中國工商銀行; pinyin: Zhōngguó Gōngshāng Yínháng, more commonly just 工行 Gōngháng) is a Chinese multinational banking company, and the largest bank in the world by total assets and by market capitalization.[2] It is one of China's 'Big Four' state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It was founded as a limited company on January 1, 1984. As of June 2015, it had assets worth US$3.616 trillion.[3] Generally considered the largest bank in the world by assets;[4][5][6] it is the first Chinese bank to achieve such a feat.[7][8][9] It ranks number 1 in The Banker's Top 1000 World Banks ranking, and first on the Forbes Global 2000 list of the world's biggest public companies.
ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. It was the world's largest IPO at that time valued at US$21.9 billion, surpassing the previous record US$18.4 billion IPO by Japan's NTT DoCoMo in 1998.[14] In 2010, AgBank broke ICBC's IPO record when it raised $22.1 billion. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges.

ICBC raised at least US$14 billion in Hong Kong (H-shares) and another US$5.1 billion in Shanghai (A-shares). Due to heavy subscriptions, the greenshoe (i.e. over-allotment) placements were exercised and ICBC's take rose to US$21.9 billion (17% of ICBC's market value before the IPO), divided in US$16 billion in Hong Kong and US$5.9 billion in Shanghai. Following the global offering, the free float of shares was 22.14% of the market capitalization.

At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. According to Bloomberg, ICBC's market capitalisation at the end of trade based on its Hong Kong shares was US$156.3 billion, making its equity the world's fifth highest among banks, just behind JPMorgan Chase. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.12
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