1398.HK - Industrial and Commercial Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
6.820
-0.070 (-1.016%)
As of 11:58AM HKT. Market open.
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Previous Close6.890
Open6.830
Bid6.810 x 0
Ask6.820 x 0
Day's Range6.800 - 6.920
52 Week Range4.830 - 7.640
Volume70,496,454
Avg. Volume342,076,724
Market Cap2.218T
Beta1.31
PE Ratio (TTM)7.20
EPS (TTM)0.947
Earnings DateN/A
Forward Dividend & Yield0.30 (4.42%)
Ex-Dividend Date2018-07-05
1y Target Est8.49
  • Reuters13 hours ago

    Spain's Caixabank denies involvement in suspected Chinese money laundering

    Spain's Caixabank on Thursday denied any collaboration or participation in money laundering activities related to a case against China's ICBC . Spain's High Court had previously placed Caixabank under ...

  • Exclusive - Japanese, Chinese banks say rule changes may make their EU lending 'unsustainable' - letter
    Reuters9 days ago

    Exclusive - Japanese, Chinese banks say rule changes may make their EU lending 'unsustainable' - letter

    The Japanese Bankers Association (JBA) and the China Banking Association (CBA) have joined forces to challenge proposed European Union regulations aimed at policing possible market risk posed by foreign lenders doing business in the bloc. In a letter to the European Commission seen by Reuters, the JBA and CBA - which represent hundreds of lenders from both Asian economic powerhouses - said a draft proposal to compel foreign banks to bring EU operations under a single holding company threatened the commercial viability of their activities in the region.

  • Thomson Reuters StreetEvents9 days ago

    Edited Transcript of SBK.J earnings conference call or presentation 8-Mar-18 8:00am GMT

    Full Year 2017 Standard Bank Group Ltd Earnings Call

  • Reuters23 days ago

    China's largest banks feel wind in their sails as profits rebound

    BEIJING/SHANGHAI (Reuters) - China's top lenders are reporting their best profit growth in three years on better net interest margins, with Beijing's crackdown on shadow financing and high leverage expected to further drive recovery this year. The strong 2017 results suggest that Beijing has been successful in pushing smaller lenders to cut their exposure to riskier financing practices - in turn helping reduce competition for the state-backed behemoths. "The banks that will do well this year are those that have national franchises, "safe" brands, relatively clean balance sheets, competitive products, sticky core deposits and strong credit skills," said John Ott, partner with Bain & Company and a leader with its Greater China financial services practice.

  • Top Chinese Banks' Profit Comeback Augurs Higher Valuations
    Bloomberg24 days ago

    Top Chinese Banks' Profit Comeback Augurs Higher Valuations

    China’s biggest banks are set for a boost in valuations as analysts expect a strengthening economy will fuel loan demand and margins.

  • Reuters29 days ago

    China's banks eye capital raising, earnings lift as they shed bad loans

    BEIJING/SHANGHAI (Reuters) - Chinese banks are set to quicken the pace of bad loan disposals this year, likely raising more capital and taking advantage of relaxed provisioning rules as they look to lift what is expected to be a modest year of earnings growth in 2017. Among those due to report annual earnings next week are Industrial and Commercial Bank of China (ICBC), China Construction Bank , Agricultural Bank of China (AgBank) (1288.HK), and Bank of China (BoC) (3988.HK). Annual profits for the 12-months to Dec. 31 are expected to have risen between 2.4 percent to 4.9 percent for China's biggest four banks, according to analysts surveyed by Thomson Reuters, helped by steadying interest margins.

  • Reuterslast month

    Fed orders Industrial and Commercial Bank of China to tighten AML checks

    WASHINGTON (Reuters) - The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for not having enough anti-money laundering protections and ordered the bank to toughen its ...

  • MarketWatchlast month

    China's Industrial and Commercial Bank doesn't comply with U.S. anti-money laundering laws: Fed

    The Federal Reserve on Tuesday said one of the world's biggest banks, Industrial and Commercial Bank of China, had "significant deficiencies" in risk management and compliance with U.S. anti-money ...

  • Reuterslast month

    Exclusive - Five banks open up trillion dollar gold club

    The five banks that settle every transaction in London's $6.8 trillion (4.9 trillion pounds) a year gold market are changing the rules of their clearing house to make it easier for newcomers to join. As that pressure increased, the number of banks clearing gold transactions through a company they own called the London Precious Metals Clearing Limited (LPMCL) has dwindled from seven to five. ICBC Standard joined in 2016 after months of wrangling over conditions and an application from at least one other, Goldman Sachs (GS.N), was declined, sources in LPMCL member banks said.

  • Why Industrial and Commercial Bank of China Limited (HKG:1398) May Not Be As Risky Than You Think
    Simply Wall St.2 months ago

    Why Industrial and Commercial Bank of China Limited (HKG:1398) May Not Be As Risky Than You Think

    As a HK$2.80T market capitalisation company operating in the financial services sector, Industrial and Commercial Bank of China Limited (SEHK:1398) has benefited from strong economic growth and improved credit qualityRead More...

  • March Top Dividend Payers
    Simply Wall St.2 months ago

    March Top Dividend Payers

    Bank of China is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steadyRead More...

  • Reuters2 months ago

    Exclusive - Chinese banks eye bid for Germany's DVB Bank: sources

    LONDON/FRANKFURT (Reuters) - Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say. The preliminary interest by two of China's leading lenders follows a wider push by Chinese companies to scoop up assets in Europe, especially in Germany. In December, sources told Reuters that German cooperative lender DZ Bank [DETGNY.UL] was moving ahead with plans to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry.

  • Reuters2 months ago

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of ICBC's A-Shares Involving 99.96 Mln Yuan

    Feb 5 (Reuters) - Shanghai Stock Exchange: * FILING SHOWS BLOCK TRADE OF ICBC'S 14.3 MILLION A-SHARES INVOLVING 99.96 MILLION YUAN ON FEB 5 Source text in Chinese: http://bit.ly/2yJZikT Further company ...

  • Reuters3 months ago

    China's banking regulator fines 19 banks over £2-billion pledged loan fraud

    China's banking regulator has imposed fines of 52.5 million yuan (£5.9 million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan (£2.1 billion) pledged loan fraud, it said on Friday. It is the third major penalty handed down since the start of the year as the regulator steps up a crackdown on illegal practices to fend off financial risk. Criminals illegally pledged gold of low purity to obtain loans from banks, including branches of large state lenders Industrial and Commercial Bank of China Ltd (1398.HK) and Postal Savings Bank of China Co , the regulator said.

  • Reuters3 months ago

    Exclusive - China's HNA Group, squeezed on cash, looks to turn corner

    HNA Group chairman Chen Feng has expressed confidence that China's aviation-to-financial services conglomerate will manage its cash crunch, and continue to receive support from banks and other financial institutions this year. The liquidity problem exists "because we made a big number of mergers", even as the external environment became more challenging and China's economy "transitioned from rapid to moderate growth", impacting the group's access to new financing, Chen told Reuters in a rare meeting. "Rate hikes by the Federal Reserve and deleveraging in China caused a liquidity shortage at the end of the year for many Chinese enterprises," Chen said.

  • Reuters4 months ago

    BRIEF-Xinjiang Beixin Road & Bridge To Set Up Financing Jv With ICBC's Affiliate

    Dec 22 (Reuters) - Xinjiang Beixin Road & Bridge Group Co Ltd: * SAYS IT PLANS TO SET UP FINANCING JV WITH ICBC'S INVESTMENT MANAGEMENT AFFILIATE WITH TOTAL INVESTMENT OF 2.2 BILLION YUAN Source text in ...

  • Reuters4 months ago

    China's ICBC gets Swiss banking licence

    ZURICH, Dec 13 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the world's biggest lender, has obtained a Swiss banking licence from watchdog FINMA, the Handelszeitung newspaper reported on ...

  • Flightglobal4 months ago

    ICBC Leasing signs for 55 more C919s

    ICBC Leasing has committed to another 55 Comac C919 narrowbodies, making it the Chinese manufacturer's largest customer.

  • China's top two banks won't lend to Adani's Australian coal mine
    Reuters5 months ago

    China's top two banks won't lend to Adani's Australian coal mine

    China's two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises' long delayed project. Industrial and Commercial Bank of China (ICBC) and China Construction Bank said in separate statements they were not working on the project, after media recently reported that Chinese banks may get involved. Adani is seeking A$2 billion ($1.5 billion) in financing by March 2018 for the A$4 billion first stage of its proposed Carmichael coal mine in the state of Queensland, a project that has been shrunk from a A$16.5 billion plan to make it more viable.

  • Reuters5 months ago

    Hungary to invest 100 million euros in China's central and eastern Europe fund

    The Hungarian Export-Import Bank will contribute 100 million euros (£88 million) to China's government-backed SINO-CEE Fund, which aims to raise a total of 10 billion euros, the fund said. Among the nations of eastern and central Europe, Hungary has attracted the largest amount of Chinese investment. The Hungarian government's subscription is "a major step", as the Chinese fund expects its investment in Hungary to exceed 300 million euros, the fund said in a statement late on Wednesday.

  • ICBC Teams Up With JD.com to Offer Digital Banking Services
    Bloomberg5 months ago

    ICBC Teams Up With JD.com to Offer Digital Banking Services

    Industrial & Commercial Bank of China Ltd. said it’s teaming up with the finance unit of Internet retailer JD.com Inc. to offer digital banking services.

  • Reuters5 months ago

    China's Huishan Dairy tells lawyers to ready for liquidation

    SHANGHAI/BEIJING (Reuters) - China Huishan Dairy Holdings Co Ltd , struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong-listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the firm, whose debts totalled at least 38 billion yuan (£4.3 billion) at the end of July, according to a work-out plan seen by Reuters. Hong Kong-based restructuring lawyers said the move by Huishan to file for provisional liquidation could actually help give it "breathing room" against creditors and in theory allow it more sway to choose an outside party to take on the role.

  • Big Four China Banks Post Double-Digit Gains in Loan Income
    Bloomberg6 months ago

    Big Four China Banks Post Double-Digit Gains in Loan Income

    China’s largest banks posted double-digit increases in lending income in the third quarter, validating some of the earnings optimism that has fueled a rally in their shares this year.