|Bid||5.410 x 0|
|Ask||5.420 x 0|
|Day's Range||5.390 - 5.470|
|52 Week Range||5.100 - 7.640|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||5.72|
|Forward Dividend & Yield||0.29 (5.43%)|
|1y Target Est||7.66|
Industrial & Commercial Bank of China Ltd. had been marketing three-year and five-year floating-rate notes through its New York branch, then decided not to proceed with pricing, according to people familiar with the matter. ICBC’s securities were aimed at buyers in the U.S., where investor sentiment toward investment-grade credit has been shifting thanks to worries over a slowdown in growth amid Federal Reserve policy tightening. China’s sovereign offering last month also saw diminished American demand demand as trade tensions escalated.
China's biggest lender has set up a $200-million fund through which its local arm will invest in India's small- and medium-sized businesses, the Indian embassy in Beijing said in a statement on Tuesday. The Indian subsidiary of Industrial and Commercial Bank of China (ICBC) will invest in local start-ups and other small businesses, the embassy quoted Zheng Bin, chief executive of ICBC India, as saying at an investment conference held in the Chinese capital. Small businesses, which account for 32 percent of the Indian economy, are grappling with funding shortages, hit hard by the launch of a unified Goods and Services Tax (GST) more than a year ago that has driven thousands out of work.
BEIJING/SHANGHAI, Oct 30 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the country's biggest-listed lender by assets, reported on Tuesday a 5.6 percent rise in net profit for the third quarter. ...
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China's largest commercial lender, Industrial and Commercial Bank of China (ICBC) (1398.HK), has signed agreements with 100 private companies pledging more financing support, according to a source with direct knowledge of the matter. The agreements signed on Oct. 16 with the companies, most of which are large, publicly listed and existing clients, provide them with more efficient, nationwide financing services, said the person, who declined to be named as the bank's client information is confidential. ICBC declined to comment on the matter.
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) ...
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.
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.
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: ...
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)
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.
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.
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.
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...
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.
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 ...
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 ...
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: ...
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 ...
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 ...
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.