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United Kingdom

Industrial and Commercial Bank of China Ltd (1398.HK)

1398.HK on Hong Kong Stock

5.43HKD
16 Nov 2018
Change (% chg)

HK$0.02 (+0.37%)
Prev Close
HK$5.41
Open
HK$5.39
Day's High
HK$5.44
Day's Low
HK$5.35
Volume
120,369,177
Avg. Vol
260,454,374
52-wk High
HK$7.64
52-wk Low
HK$5.10

Latest Key Developments (Source: Significant Developments)

ICBC Posts Q3 Financial Results
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Industrial and Commercial Bank of China Ltd <1398.HK><601398.SS>::SAYS 9-MONTH NET PROFIT 239.63 BILLION YUAN ($34.43 billion).SAYS NON-PERFORMING LOANS RATIO AT 1.53 PERCENT AT END-SEPT.SAYS CAPITAL ADEQUACY RATIO AT 12.48 PERCENT AT END-SEPT.SAYS NET INTEREST MARGIN AT 2.3 PCT AT END-SEPT.  Full Article

Industrial And Commercial Bank Of China Says Average Interest Rate On Its Loans To Private Firms At 5.2 Percent As Of End-Sept
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Industrial and Commercial Bank of China Ltd <601398.SS><1398.HK>::SAYS ITS LOANS TO PRIVATE FIRMS STOOD AROUND 2 TRILLION YUAN ($287.06 billion) AT END-SEPT, UP MORE THAN 100 BILLION YUAN FROM START OF 2018.SAYS AVERAGE INTEREST RATE ON ITS LOANS TO PRIVATE FIRMS AT 5.2 PERCENT AS OF END-SEPT.  Full Article

Ping An Life Insurance Buys H-Shares Of ICBC - HKEx Filing
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Industrial and Commercial Bank of China Ltd <601398.SS>, 1398.HK::PING AN LIFE INSURANCE COMPANY OF CHINA BUYS 13.345 MLN H-SHARES IN ICBC 1398.HK AT AN AVERAGE PRICE OF HK$5.4665 EACH ON SEPT 13 - HKEX FILING.PING AN LIFE INSURANCE COMPANY OF CHINA OWNS 10.01 PERCENT STAKE IN ICBC AFTER THE TRANSACTION VERSUS 9.99 PERCENT PREVIOUSLY - HKEX FILING.  Full Article

Ping An Asset Management Buys ICBC's H-Shares On Sept 7 - HKEx Filing
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Industrial And Commercial Bank Of China Ltd <601398.SS>, <1398.HK>::PING AN ASSET MANAGEMENT CO LTD BUYS 59.665 MLN H-SHARES IN INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD <<<1398.HK>>> AT AN AVERAGE PRICE OF HK$5.666 EACH ON SEPT 7 - HKEX FILING.PING AN ASSET MANAGEMENT CO LTD OWNS 10.03 PERCENT IN INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD AFTER THE TRANSACTION FROM 9.96 PERCENT PREVIOUSLY- HKEX FILING.  Full Article

Industrial And Commercial Bank Of China Gets Approval To Set Up Unit In Austria
Friday, 7 Sep 2018 

Sept 7 (Reuters) - 1398.HK <1398.HK>::GETS APPROVAL FROM EUROPEAN CENTRAL BANK ON ITS APPLICATION TO ESTABLISH ICBC AUSTRIA BANK GMBH IN AUSTRIA.  Full Article

Industrial And Commercial Bank Of China Says Li Yunze Resigns As Senior Executive Vice President
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - 1398.HK <1398.HK>::LI YUNZE, SENIOR EXECUTIVE VICE PRESIDENT HAS RESIGNED.  Full Article

ICBC's Executive Director And Deputy Head Of Bank Resigns Due To Change In Job Role
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Industrial and Commercial Bank of China <601398.SS><1398.HK>::SAYS EXECUTIVE DIRECTOR AND DEPUTY HEAD OF BANK WANG JINGDONG RESIGNS DUE TO CHANGE IN JOB ROLE.  Full Article

ICBC Plans To Raise Up To 100 Bln Yuan In Preference Share Issue
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Industrial and Commercial Bank of China Ltd <1398.HK>, <601398.SS>::SAYS IT PLANS TO RAISE UP TO 100 BILLION YUAN ($14.62 billion) BY PREFERENCE SHARE ISSUE.SAYS BOARD APPROVES TO ISSUE UP TO 110 BILLION YUAN WORTH OF TIER-2 CAPITAL INSTRUMENTS BY 2020.  Full Article

Ping An Insurance Buys H-Shares In ICBC - HKEx Filing
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Industrial and Commercial Bank of China Ltd <601318.SS>, <1398.HK>::PING AN INSURANCE BUYS 106 MLN H-SHARES IN ICBC AT AN AVERAGE PRICE OF HK$5.5994 EACH ON AUG 16 - HKEX FILING.PING AN INSURANCE OWNS 9.05 PERCENT STAKE IN ICBC AFTER THE TRANSACTION FROM 8.93 PERCENT PREVIOUSLY - HKEX FILING.  Full Article

Ping An Asset Management Buys More Shares In ICBC - HKEx Filing
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Industrial and Commercial Bank of China Ltd <1398.HK>, <601398.SS>::PING AN ASSET MANAGEMENT CO., LTD. BUYS 54.957 MLN H-SHARES IN ICBC <<<1398.HK>>> AT AN AVERAGE PRICE OF HK$5.6931 EACH ON AUG 14 - HKEX FILING.PING AN ASSET MANAGEMENT CO LTD OWNS 9.01 PCT STAKE IN ICBC AFTER THE TRANSACTION FROM 8.95 PERCENT PREVIOUSLY - HKEX FILING.  Full Article

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Big Chinese banks' profits mask building risks to asset quality

BEIJING/SHANGHAI The risk of deteriorating asset quality will loom over China's biggest banks, analysts said, even as the nation's biggest lenders have reported rising profits and steady bad loan ratios.