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

1398.HK on Hong Kong Stock

4.85HKD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

ICBC announces establishment of ICBC Asset Management Co
4:52am EST 

Industrial and Commercial Bank of China Ltd <1398.HK>: investment is expected to generate reasonable investment returns for bank . announcement on the establishment of a wholly-owned subsidiary . Icbc asset management co., ltd will be dedicated to debt for equity swaps business of bank . Resolved that bank shall establish icbc asset management co., ltd with an investment of rmb12 billion . Investment will be financed by bank's own funds .icbc asset management co., ltd will be registered in beijing; will operate as a tier-1 wholly owned subsidiary of bank.  Full Article

Industrial and Commercial Bank of China says it resolved Tan Jiong be appointed as senior executive vice president
Friday, 28 Oct 2016 07:02am EDT 

Industrial and Commercial Bank of China : resolved that wang jingdong be nominated as a candidate of executive director of bank .resolved that tan jiong be appointed as senior executive vice president.  Full Article

ICBC's 9-month net profit up 0.46 pct
Friday, 28 Oct 2016 04:59am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS> <1398.HK> : Says 9-month net profit 222.79 billion yuan ($32.86 billion) . Says non-performing loans ratio at 1.62 percent at end-Sept .Says capital adequacy ratio at 12.58 percent at end-Sept.  Full Article

ICBC says CBRC approved qualification of Gu Shu as President of bank
Thursday, 20 Oct 2016 05:19am EDT 

Industrial and Commercial Bank of China <1398.HK>:qualification of Gu Shu as president of bank has been approved by china banking regulatory commission.  Full Article

ICBC, Singapore Exchange sign MoU to enhance market links between China and Singapore<1398.HK><601398.SS>
Sunday, 18 Sep 2016 10:08pm EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: SGX and ICBC sign MoU to enhance capital market links between Singapore and China . Singapore Exchange (SGX) and Industrial and Commercial Bank of China Limited (ICBC) signed MoU . MoU to collaborate on a range of areas that will enhance links between Singapore and China's capital markets . Under the MOU, SGX and ICBC will work together to promote Singapore's capital markets . SGX, ICBC to explore collaboration in derivatives and bond trading of RMB denominated contracts listed on SGX . Support to include providing guidance on listing process & post-listing marketing support in China & Singapore .  Full Article

ICBC Chairman says first NPL-backed securities won't exceed 5 bln yuan
Tuesday, 30 Aug 2016 07:49am EDT 

Speaking at a press conference in Beijing, Industrial & Commercial Bank Of China Chairman Yi Huiman said : ICBC's bad debts may continue to rise but will stabilise gradually . It's too early to say whether bad debt levels getting worse or better, . ICBC will issue NPL-backed securities next month . ICBC's first batch of NPL-backed securities will not exceed 5 billion yuan (Reporting by Shu Zhang and Matthew Miller; editing by David Clarke) ((matthew.miller1@thomsonreuters.com;)).  Full Article

ICBC posts H1 financial results
Tuesday, 30 Aug 2016 04:54am EDT 

Industrial and Commercial Bank of China Ltd <1398.HK><601398.SS> : Says H1 net profit 150.22 billion yuan ($22.49 billion) . Says non-performing loans ratio at 1.55 percent at end-June . Says net interest margin at 2.21 percent at end-June .Says capital adequacy ratio at 12.54 pct at end-June.  Full Article

Industrial and Commercial Bank of China HY net profit RMB 150.22 bln<1398.HK><601398.SS>
Tuesday, 30 Aug 2016 04:37am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: HY net profit attributable to equity holders RMB 150.217 billion versus RMB 149.0 billion a year ago . NPL ratio as at June 30, 2016, 1.55 percent versus 1.50 percent as at December 31, 2015 . Core tier 1 capital adequacy ratio as at June 30, 12.54 percent versus 12.87 percent as at December 31, 2015 . HY net interest margin 2.21 percent versus 2.53 percent a year ago . "In H2 2016 global economic recovery will remain weak" .  Full Article

Industrial and Commercial Bank of China updates on listing of notes<1398.HK><601398.SS>
Friday, 12 Aug 2016 04:38am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: ICBC usdpref1 ICBC eurpref1 ICBC cnhpref1-r-overseas regulatory announcement - issue of u.s.$500 mln fixed rate medium term notes due 2019 by Singapore branch <1398.HK> . Fixed rate medium term notes due 2019 were listed on Singapore exchange on 12 August 2016 .  Full Article

Industrial and Commercial Bank of China says Wei Guoxiong to resign as CRO<1398.HK><601398.SS>
Thursday, 21 Jul 2016 08:16am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: Says wei Guoxiong shall cease to serve as chief risk officer of the bank . Says qualification of Wang Bairong as chief risk officer of bank has been approved by China Banking Regulatory Commission .  Full Article