|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||5.54|
|Forward Dividend & Yield||0.74 (5.34%)|
|1y Target Est||N/A|
Rating Action: Moody's affirms ratings of six Chinese and Hong Kong leasing companies on application of new Finance Companies Rating Methodology. Global Credit Research- 11 Dec 2018. Hong Kong, December ...
As a large-cap stock with market capitalization of HK$2.1t, Industrial and Commercial Bank of China Limited (HKG:1398) falls into the category of a major bank. As these large financial institutions Read More...
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: ...
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 ...
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. ...
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examples Read More...
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.
Moody's Investors Service has assigned definitive A1 ratings to the USD-denominated credit enhanced bonds (the USD bonds) issued by CSSC Capital One Limited (the USD Issuer), and the Euro-denominated credit enhanced bonds (the Euro bonds) issued by CSSC Capital Two Limited (the Euro Issuer). The two bonds are supported by two irrevocable standby letters of credit (SBLCs) from Industrial and Commercial Bank of China Limited, Shanghai Branch (the LC bank).
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)
Moody's Investors Service has assigned provisional (P)A1 ratings to the USD-denominated credit enhanced bonds (the USD bonds) to be issued by CSSC Capital One Limited (the USD Issuer), and the Euro-denominated credit enhanced bonds (the Euro bonds) to be issued by CSSC Capital Two Limited (the Euro Issuer). The two bonds will be supported by two irrevocable standby letters of credit (SBLCs) from Industrial and Commercial Bank of China Limited, Shanghai Branch (the LC bank).
Moody's Investors Service has assigned a Aa1 long-term rating and VMIG 1 short-term, enhanced rating to the New York City Municipal Water Finance Authority's $100 million Water and Sewer System Second General Resolution Revenue Bonds, Adjustable Rate, Fiscal 2019 Series BB. The authority plans to price the bonds September 13. The long-term Aa1 reflects a strong claim on an essential service in a vast and healthy metropolitan area, solid coverage of debt service by pledged revenue, a strong legal structure including a gross revenue pledge and remoteness from a city bankruptcy, and a bondholder-friendly flow of funds.
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...
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 ...