ICK.F - Industrial and Commercial Bank of China Limited

Frankfurt - Frankfurt Delayed Price. Currency in EUR
0.6399
+0.0279 (+4.56%)
At close: 7:34PM CEST
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Previous Close0.6120
Open0.6439
Bid0.6100 x 830000
Ask0.6400 x 830000
Day's Range0.6399 - 0.6439
52 Week Range0.5400 - 0.7100
Volume5,700
Avg. Volume5,028
Market Cap264.324B
Beta (3Y Monthly)0.54
PE Ratio (TTM)5.12
EPS (TTM)0.1250
Earnings DateN/A
Forward Dividend & Yield0.03 (5.32%)
Ex-Dividend Date2019-06-25
1y Target EstN/A
  • What Kind Of Shareholders Own Industrial and Commercial Bank of China Limited (HKG:1398)?
    Simply Wall St.

    What Kind Of Shareholders Own Industrial and Commercial Bank of China Limited (HKG:1398)?

    If you want to know who really controls Industrial and Commercial Bank of China Limited (HKG:1398), then you'll have...

  • Cango Inc. (CANG) Q2 2019 Earnings Call Transcript
    Motley Fool

    Cango Inc. (CANG) Q2 2019 Earnings Call Transcript

    CANG earnings call for the period ending June 30, 2019.

  • China's banks face earnings squeeze due to rate reform, trade war uncertainty
    Reuters

    China's banks face earnings squeeze due to rate reform, trade war uncertainty

    BEIJING/SHANGHAI (Reuters) - China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Chinese-U.S. trade war adds to economic uncertainty. Three of the nation's top listed banks this week each reported a profit rise of nearly 5% in the first half of the year, but warned they faced headwind. "The trade war causes uncertainty, and there is downward pressure on the economy," Gu Shu, president of the world's largest commercial lender, Industrial and Commercial Bank of China (ICBC), told a news conference on Thursday.

  • Leadership shuffle at Bank of Jinzhou raises questions about ICBC-led 'investment' in July, as credit drought wrecks damage on regional lenders
    South China Morning Post

    Leadership shuffle at Bank of Jinzhou raises questions about ICBC-led 'investment' in July, as credit drought wrecks damage on regional lenders

    Bank of Jinzhou has appointed Guo Wenfeng, 47, to take over the post of governor at the mid-sized regional lender, part of a personnel shake-up affecting half a dozen senior positions, according to filings and news reports since Friday.Guo will be transferred from a current position with Industrial and Commercial Bank of China (ICBC), according to a Hong Kong stock exchange filing. Three other senior appointments will also involve personnel currently with ICBC, according to reports.Analysts said the leadership reshuffle may show that a stake purchase last month led by ICBC was actually a bailout for the lender based in Liaoning province in northeastern China.Bank of Jinzhou grabbed attention in June, after it became the first regional commercial bank to receive credit enhancement from China's central bank.Bank of Jinzhou gets Chinese state backing as ICBC and other financial institutions buy more than 17.3 per cent stake in itEarlier this year Ernst & Young Hua Ming LLP and Ernst & Young resigned as auditors for the bank, citing concerns over loans it had made to institutional customers.The bank's Hong Kong shares have been suspended from trade since April.In late July, three state-owned financial institutions bought a combined 17.3 per cent of shares in the Bank of Jinzhou from existing shareholders.ICBC invested 3 billion yuan (US$435 million) for a 10.8 per cent stake, according to a filing on July 28. Photo: Roy Issa alt=ICBC invested 3 billion yuan (US$435 million) for a 10.8 per cent stake, according to a filing on July 28. Photo: Roy IssaICBC invested 3 billion yuan (US$435 million) for a 10.8 per cent stake, completing the deal through its unit ICBC Financial Asset Investment Co. Two distressed asset managers, China Cinda Asset Management Co and Great Wall Asset Management Co, funded the remaining 7.5 per cent stake.ICBC said it had made "a financial investment" in Bank of Jinzhou, according to its filing to the Shanghai Stock Exchange on July 28.The leadership reshuffle unveiled Monday, however, would indicated a deeper relationship.S&P; Global Ratings credit analyst Liang Yu said policymakers "are adopting an alternative method of managing troubled banks" following the takeover of Baoshang in May.Reports of Baoshang's rescue triggered a liquidity crunch for smaller lenders, as they were forced to cancel fundraising plans after investors pulled out.Liang said smaller banks continue to face tighter liquidity and funding conditions."The credit spreads between the regional banks and major banks widened materially after the Baoshang Bank takeover. We expect this widened spread to persist for some time," Liang said.Shares of ICBC shed 1.9 per cent to close at HK$5.1 in Hong Kong on Monday, while in Shanghai they fell 1.4 per cent to 5.5 yuan.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • China's ICBC and Cinda Asset Management to take combined 17.3% in Bank of Jinzhou
    Reuters

    China's ICBC and Cinda Asset Management to take combined 17.3% in Bank of Jinzhou

    The Industrial and Commercial Bank of China (ICBC), the country's largest lender by assets, and China Cinda Asset Management, one of China's four largest bad banks, said on Sunday they would take stakes in troubled Bank of Jinzhou. Concern has been growing about Bank of Jinzhou since the Hong Kong-listed lender suspended trading in its shares earlier this year and saw its auditor quit. ICBC's ICBC Financial Asset Investment Co unit signed an equity transfer agreement to invest up to 3 billion yuan ($436 million) in a 10.82% stake of Bank of Jinzhou, it said in a statement filed to the Shanghai Stock Exchange.

  • Tencent, Alibaba, Xiaomi units win Hong Kong online banking license
    Reuters

    Tencent, Alibaba, Xiaomi units win Hong Kong online banking license

    Hong Kong's banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.

  • Reuters

    Tencent, Alibaba, Xiaomi units win Hong Kong online banking licence

    Hong Kong's banking regulator has issued four more online-only banking licences to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.

  • Reuters

    MOVES-China picks BoC boss Chen Siqing to head top bank ICBC - sources

    SINGAPORE/BEIJING, April 22 (Reuters) - China has tapped veteran banker Chen Siqing to lead Industrial and Commercial Bank of China Ltd (ICBC), the world's largest lender by assets, three sources with knowledge of the matter told Reuters on Monday. Chen's upcoming appointment as ICBC's chairman has been revealed to a group of senior executives but has not been announced internally to all staff, said the sources, who declined to be named as the matter was confidential. Chen, who has served as chairman of Bank of China since August 2017, is one of the country's most experienced banking executives.

  • Reuters

    China's top banks warn of 'fragile' bad loans scenario as economy slows

    BEIJING/HONG KONG (Reuters) - China's top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years. Top lender Industrial and Commercial Bank of China (ICBC) reported flat net profit of 58.05 billion yuan ($8.63 billion) for the fourth quarter, the first time it has seen no growth in a quarter since the July-September 2016 quarter. Agricultural Bank of China Ltd (AgBank), the third-largest lender, also posted a drop of 5.4 percent on Friday in fourth-quarter net profit, its first quarterly decline since 2015.

  • Reuters

    BRIEF-Tsinghua Tongfang Shareholder ICBC Credit Suisse's Portfolio Unloads Shares In The Company

    March 1 (Reuters) - Tsinghuatongfang Co Ltd: * SAYS SHAREHOLDER ICBC CREDIT SUISSE ASSET MANAGEMENT'S PORTFOLIO HAS UNLOADED 59.3 MILLION SHARES, OR 2 PERCENT STAKE, IN THE COMPANY ON FEB 27 * SAYS SHAREHOLDER ...

  • Reuters

    BRIEF-Tsinghua Tongfang's Shareholder ICBC Credit Suisse's Portfolio To Cut Stake In The Company

    Feb 20 (Reuters) - Tsinghuatongfang Co Ltd: * SAYS SHAREHOLDER ICBC CREDIT SUISSE INVESTMENT MANAGEMENT CO LTD'S PORTFOLIO PLANS TO UNLOAD UP TO 2 PERCENT STAKE IN THE COMPANY WITHIN SIX MONTHS Source ...

  • Reuters

    China names banking veteran to head securities regulator amid shaky markets

    SHANGHAI/HONG KONG, Jan 26 (Reuters) - China has appointed banking veteran Yi Huiman to head the China Securities Regulatory Commission (CSRC), putting governance of the nation's stock markets in his hands at a time when investor confidence has been hit by a slowing economy and U.S. tariffs. Yi, 54, currently chairman of the Industrial and Commercial Bank of China (ICBC) , will take over from Liu Shiyu as the CSRC's party secretary and chairman, state news agency Xinhua reported on Saturday.

  • Reuters

    BRIEF-Industrial And Commercial Bank Of China To Boost ICBC Asia's Capital By $1.0 Billion

    Jan 11 (Reuters) - Industrial And Commercial Bank Of China Ltd: * SAYS IT PLANS TO BOOST ICBC ASIA'S CAPITAL BY $1.0 BILLION Source text in Chinese: https://bit.ly/2snjymM Further company coverage: (Reporting ...

  • Reuters

    ICBC leads Asian jet lessor buying spree - sources

    Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh orders. The deals for over 200 jets are expected to show up in end-year tallies from U.S. group Boeing and European rival Airbus this week, providing clues on how far trade tensions and economic uncertainty are dampening an already slowing aircraft market. China's ICBC Financial Leasing has firmed up an order for 80 Airbus A320-family jets worth $8.8 billion at list prices, industry sources said on Monday.

  • ICBC leads Asian jet lessor buying spree: sources
    Reuters

    ICBC leads Asian jet lessor buying spree: sources

    Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh orders. The deals for over 200 jets are expected to show up in end-year tallies from U.S. group Boeing and European rival Airbus this week, providing clues on how far trade tensions and economic uncertainty are dampening an already slowing aircraft market. China's ICBC Financial Leasing has firmed up an order for 80 Airbus A320-family jets worth $8.8 billion at list prices, industry sources said on Monday.

  • Reuters

    BRIEF-Jilin Province Huinan Changlong Bio-Pharmacy Updates On Purchase Of ICBC Wealth Management Product

    Nov 29 (Reuters) - Jilin Province Huinan Changlong Bio-pharmacy Co Ltd: * CO PURCHASED ICBC WEALTH MANAGEMENT PRODUCT ON AGGREGATED BASIS WITH PRINCIPAL AMOUNT OF RMB130 MILLION Source text for Eikon: ...

  • Reuters

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of ICBC's A-Shares Involving 1.11 Bln Yuan On Nov 21

    Nov 21 (Reuters) - Shanghai Stock Exchange: * SHANGHAI STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF INDUSTRIAL AND COMMERCIAL BANK OF CHINA'S 207.69 MILLION A-SHARES INVOLVING 1.11 BILLION YUAN ($160.01 ...

  • Reuters

    China's ICBC bank sets up $200 million fund for small Indian businesses

    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.

  • Reuters

    Top Chinese bank ICBC's Q3 profit rises 5.6 pct, slightly below estimates

    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. ...

  • Reuters

    China's top bank ICBC signs financing deals with 100 private firms -source

    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.