Record profits for Chinese banks in 2011. - Chinese banks all achieved unprecedented profits, totalling almost €90 billion, in 2011. Throughout last year, the six major banks in China achieved profits of at least 18%. Industrial and Commercial Bank of China (ICBC) saw its net profit leap by 25.6% to 208 billion Yuan or €24.8 billion. The other major banking establishments achieved the following results: China Construction Bank: €20.1 billion; Bank of China: €15.5 billion; China...