1398.HK - Industrial and Commercial Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
5.180
+0.020 (+0.39%)
At close: 4:08PM HKT
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Previous Close5.160
Open5.200
Bid0.000 x 0
Ask0.000 x 0
Day's Range5.150 - 5.250
52 Week Range5.110 - 7.640
Volume167,667,448
Avg. Volume250,120,293
Market Cap1.915T
Beta (3Y Monthly)1.33
PE Ratio (TTM)5.47
EPS (TTM)0.947
Earnings DateN/A
Forward Dividend & Yield0.29 (5.50%)
Ex-Dividend Date2018-07-05
1y Target Est7.91
  • Reuters6 hours ago

    BRIEF-Eternal Asia Supply Chain Signs Debt-For-Equity Swap Agreement With ICBC Financial Asset Investment

    Oct 17 (Reuters) - Eternal Asia Supply Chain Management Ltd : * SAYS IT SIGNS DEBT-FOR-EQUITY SWAP FRAMEWORK AGREEMENT WITH ICBC FINANCIAL ASSET INVESTMENT FOR AT LEAST 3 BILLION YUAN ($433.24 million) ...

  • Reutersyesterday

    Analysis: Lost in transmission - China's small firms get more loans on paper but not in reality

    Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets. The health of millions of small firms, most privately owned, is crucial to China's efforts to ward off a sharp slowdown and mass job losses while fighting a bitter trade war with the United States. The People's Bank of China (PBOC) has cut the amount of cash commercial lenders must hold as reserves four times since January.

  • Deepening bear market sees $1 trillion wiped off emerging equities since 2018 peak
    Reuters6 days ago

    Deepening bear market sees $1 trillion wiped off emerging equities since 2018 peak

    A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. The emerging benchmark is now falling deeper into bear market territory - defined as peak-to-trough losses of more than 20 percent - after first cracking that milestone in August. Translating this into the index's market cap, the MSCI benchmark has lost some $1.1 trillion or more than 18 percent of its value - more than double the drop in value global stocks have suffered.

  • China Shows Its Pull Selling Dollar Bonds in Weak Market
    Bloomberg6 days ago

    China Shows Its Pull Selling Dollar Bonds in Weak Market

    In what’s set to be an even bigger demonstration of China’s pull in the international bond market, initial signs showed little hit to buyer sentiment from the biggest sell-off in world stocks since February and a retreat from credit and emerging markets. China is selling $1.5 billion of five-year notes at 30 basis points over Treasuries, while the size for the 10-year notes was set at $1 billion at a spread of 45 basis points, according to people familiar with the deal who asked not to be identified. The debut 30-year offering will be $500 million at 70 basis points over Treasuries.

  • Reuters27 days ago

    BRIEF-Portfolio Managed By ICBC Credit Suisse To Sell Stake Yiwu Huading Nylon

    Sept 20 (Reuters) - Yiwu Huading Nylon Co Ltd: * SAYS PORTFOLIO MANAGED BY ICBC CREDIT SUISSE AGREES TO SELL 6.02 PERCENT STAKE IN THE COMPANY FOR 416.7 MILLION YUAN($60.82 million) Source text in Chinese: ...

  • Reuterslast month

    BRIEF-ICBC Asset Management Chooses Linedata For Its Investment Solutions

    Sept 13 (Reuters) - LINEDATA SERVICES SA: * ICBC ASSET MANAGEMENT (GLOBAL) CHOOSES CO FOR ITS INVESTMENT SOLUTIONS Source text: https://bit.ly/2x70PhU Further company coverage: (Gdynia Newsroom)

  • The Wall Street Journal2 months ago

    [$$] ICBC, World’s Biggest Bank, Posts 4.9% Net-Profit Rise

    BEIJING—Industrial & Commercial Bank of China, the world’s biggest bank by assets, is also China’s most profitable, with a boost from a government campaign to discourage risky lending. First-half net income was up 4.9% from a year earlier, to 160.44 billion yuan ($23.5 billion), state-owned ICBC reported Thursday. Net interest income—the difference between what it pays and earns in interest, which accounts for most of ICBC’s operating income—came to 277.62 billion yuan, a rise of 11%, nearly double the pace of a year earlier.

  • Reuters2 months ago

    China's top bank ICBC flags trade war risks as profits rise

    SHANGHAI/BEIJING (Reuters) - Industrial and Commercial Bank of China, the world's largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad loan ratio, but flagged trade tensions as a risk to economy. ICBC, like other big state-owned banks, has been seeing a rebound in business with its diverse revenue sources and strong capital buffers giving it an edge over smaller peers as China cracks down on risk in the broader financial sector. The bank will conduct stress tests on clients hit by trade tensions and provide financing to alleviate any temporary difficulties, he told a news conference on Thursday.

  • ICBC Profit Rises Most Since '14 Before `Challenging' Period
    Bloomberg2 months ago

    ICBC Profit Rises Most Since '14 Before `Challenging' Period

    Industrial & Commercial Bank of China Ltd. posted its fastest profit growth since September 2014 as margins and asset quality improved, but flagged challenging times ahead as the trade war with the U.S. intensifies. Net income at the world’s largest lender by assets rose 5.8 percent to 81.6 billion yuan ($11.9 billion) in the quarter ended June from a year earlier, according to an exchange filing Thursday, broadly in line with estimates. China’s five biggest banks have all reported profit growth of at least 5 percent for the latest quarter, and escaped the surge in bad loans that swamped smaller lenders.

  • How Industrial and Commercial Bank of China Limited (HKG:1398) Could Add Value To Your Portfolio
    Simply Wall St.2 months ago

    How Industrial and Commercial Bank of China Limited (HKG:1398) Could Add Value To Your Portfolio

    Industrial and Commercial Bank of China Limited (HKG:1398) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with aRead More...

  • Reuters2 months ago

    China banks set for modest profit growth as bad loan outlook under cloud

    SHANGHAI/HONG KONG (Reuters) - China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth. Beijing has been pumping funds into the banking system and rolling out support measures for local businesses to cushion the impact from an escalating trade war with the United States. Indications on future trends are expected to emerge over the coming weeks as the country's top banks - Industrial and Commercial Bank of China , China Construction Bank Corp , Agricultural Bank of China , Bank of China and Bank of Communications Co Ltd - unveil their January-June results.

  • ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo: source
    Reuters3 months ago

    ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo: source

    China's ICBC Leasing has emerged as the major financier behind a provisional $8.8 billion order at list prices for 80 Airbus A320neo single-aisle jets, a person familiar with the matter said. Airbus reported ...

  • ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo - source
    Reuters3 months ago

    ICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo - source

    FARNBOROUGH, England (Reuters) - China's ICBC Leasing has emerged as the major financier behind a provisional $8.8 billion order at list prices for 80 Airbus A320neo single-aisle jets, a person familiar ...

  • Reuters3 months ago

    BRIEF-ICBC says media reports on ICBC considering to acquire a Deutsche Bank stake not factual

    July 11 (Reuters) - Beijing-based spokesman for Industrial and Commercial Bank of China says: * FRIDAY MEDIA REPORTS ON ICBC CONSIDERING TO ACQUIRE A DEUTSCHE BANK STAKE NOT FACTUAL Further company coverage: ...

  • Reuters3 months ago

    BRIEF-Jiangmen Sugarcane Chemical Factory Signs Financial Services Agreement With ICBC's Jiangmen Branch

    July 4 (Reuters) - Jiangmen Sugarcane Chemical Factory Co Ltd: * SAYS IT SIGNS FINANCIAL SERVICE FRAMEWORK AGREEMENT WORTH UP TO 5.0 BILLION YUAN WITH ICBC'S JIANGMEN BRANCH Source text in Chinese: https://bit.ly/2KL0MjY ...

  • Reuters4 months ago

    BRIEF-ICBC's Executive Director, Deputy Head Of The Bank Zhang Hongli Resigns

    July 2 (Reuters) - Industrial and Commercial Bank of China Ltd: * SAYS EXECUTIVE DIRECTOR, DEPUTY HEAD OF THE BANK ZHANG HONGLI RESIGNS DUE TO FAMILY MATTERS Source text in Chinese: https://bit.ly/2KFykwo ...

  • Reuters4 months ago

    China's banks embrace Communist Party committees in risk crackdown

    China's listed mid-tier and regional banks will face added pressure to curb risky activities following the formal establishment of Communist Party Committees at the lenders, bankers and analysts say. China's 40 listed banks have announced changes to their articles of association to add the committees, with 26 making announcements after the start of the year. While party committees have been set up across state-backed listed firms, their official establishment at banks comes as President Xi Jinping has targeted the industry and prioritised cutting financial risk.

  • Have You Considered These Key Risks For Industrial and Commercial Bank of China Limited (HKG:1398)?
    Simply Wall St.4 months ago

    Have You Considered These Key Risks For Industrial and Commercial Bank of China Limited (HKG:1398)?

    Large banks such as Industrial and Commercial Bank of China Limited (HKG:1398), with a market capitalisation of HK$2.39t, have benefited from improving credit quality as a result of post-GFC recovery,Read More...

  • Reuters5 months ago

    What is China's A-share MSCI inclusion on June 1?

    SHANGHAI (Reuters) - Global market research and index company MSCI Inc will add roughly 230 China-listed shares to its emerging market benchmark in a two-step process starting on June 1, a move expected ...

  • Hedge Your Bet With These Dividend Payers
    Simply Wall St.5 months ago

    Hedge Your Bet With These Dividend Payers

    Sino Land, China Overseas Land & Investment, and Industrial and Commercial Bank of China have one big thing in common. They are on my list of the best dividend stocksRead More...

  • Why Income Investors Should Have Industrial and Commercial Bank of China Limited (HKG:1398) In Their Portfolio
    Simply Wall St.5 months ago

    Why Income Investors Should Have Industrial and Commercial Bank of China Limited (HKG:1398) In Their Portfolio

    Over the past 10 years Industrial and Commercial Bank of China Limited (SEHK:1398) has grown its dividend payouts from CN¥0.15 to CN¥0.3. With a market cap of HK$2.60T, Industrial andRead More...

  • Reuters5 months ago

    U.S. regulators fine China's ICBC $6.1 mln for oversight failures

    Industrial and Commercial Bank of China Financial Services agreed to pay $5.3 million on Wednesday to settle charges by the Financial Industry Regulatory Authority that it did not have adequate anti-money laundering systems in place to monitor and detect suspicious transactions. In a separate matter, the U.S. Securities and Exchange Commission said on Wednesday that ICBC's financial services unit agreed to pay an $860,000 fine for problems also related to its anti-money laundering policies, including failing to file suspicious activity reports. The actions by FINRA and the SEC are the latest in a string of regulatory probes or fines by U.S. and European regulators over anti money-laundering and know-your-customer controls by Chinese banks.

  • Reuters5 months ago

    Chardan and ICBC unit settle charges of anti-money laundering violations -SEC

    The U.S. Securities and Exchange Commission said on Wednesday that Chardan Capital Markets and Industrial and Commercial Bank of China Financial Services have settled charges that they failed to report suspicious sales of billions of penny stock shares. Chardan will pay a $1 million penalty as part of its settlement, while ICBCFS, a unit of Industrial and Commercial Bank of China Ltd will pay $860,000, the SEC said. The agency said it found that Chardan's anti-money laundering official, Jerard Basmagy, caused the firm's violations.