1398.HK - Industrial and Commercial Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
5.620
+0.020 (+0.36%)
At close: 4:08PM HKT
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Previous Close5.600
Open5.680
Bid5.620 x 0
Ask5.630 x 0
Day's Range5.600 - 5.700
52 Week Range5.330 - 7.640
Volume271,158,387
Avg. Volume290,184,521
Market Cap1.93T
Beta1.30
PE Ratio (TTM)5.93
EPS (TTM)0.947
Earnings DateN/A
Forward Dividend & Yield0.29 (5.04%)
Ex-Dividend Date2018-07-05
1y Target Est8.92
  • Financial Times11 days ago

    [$$] China’s Belt and Road projects drive overseas debt fears

    China’s leader, Xi Jinping, has called it the “project of the century” and said it will usher in a “golden age” of globalisation. (BRI) is one of the world’s most ambitious development programmes. A series of controversies that have flared in countries as far apart as Pakistan, Sri Lanka, Laos, Malaysia, Montenegro and others are all related to debt sustainability — either because of the perceived inability of countries to handle outsized debts to China, or because some Beijing-funded infrastructure projects do not appear likely to justify their price tag.

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

    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
    Reuterslast month

    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 ...

  • Reuterslast month

    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: ...

  • Reuterslast month

    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 ...

  • Reuters2 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 ...

  • Reuters2 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.2 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...

  • Reuters3 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.3 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.3 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...

  • Reuters3 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.

  • Reuters3 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.

  • Reuters3 months ago

    What is China's A-share MSCI inclusion?

    Global market research and index company MSCI Inc said on Tuesday it would add 234 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to drive a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will undermine the world's second-largest economy.

  • Germany's DZ Bank to sell parts of DVB after muted interest for whole business - sources
    Reuters3 months ago

    Germany's DZ Bank to sell parts of DVB after muted interest for whole business - sources

    LONDON/FRANKFURT (Reuters) - Germany's No.2 lender DZ Bank plans to sell certain assets of its troubled ship and aircraft financing division DVB after receiving muted interest for the whole business, four sources familiar with the matter said. The sources, who declined to be identified due to the sensitivity of the matter, said DZ Bank, which is also the umbrella organisation of German cooperative bank chain Raiffeisen-Volksbanken, would start by selling DVB's aviation and land transport finance portfolios, followed by its shipping and offshore portfolios. Two of the sources said asset managers Apollo Global Management (APO.N) and Cerberus Capital Management were interested in the aviation segment.

  • Reuters4 months 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
    Reuters4 months 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 StreetEvents4 months 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

  • Reuters5 months 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
    Bloomberg5 months 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.

  • Reuters5 months 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.

  • Reuters5 months ago

    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 ...