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

1398.HK on Hong Kong Stock

5.48HKD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

ICBC issues US$500 mln floating rate medium term notes due 2019
Friday, 25 Nov 2016 05:01am EST 

Industrial and Commercial Bank of China : Issue of US$500 mln floating rate medium term notes due 2019 by London branch under its uS$10 bln medium term note programme .US$500 million floating rate medium term notes due are expected to be listed on London Stock Exchange on 29 Nov.  Full Article

Industrial and commercial bank of china appoints Gu Shu as vice chairman
Tuesday, 27 Sep 2016 07:32am EDT 

Industrial And Commercial Bank Of China Ltd <601398.SS> : Sheila Colleen Bair nominated as candidate for independent non- executive director of bank .Gu Shu has been appointed as vice chairman.  Full Article

Industrial and Commercial Bank Of China says board approved appointment of Gu Shu as president
Tuesday, 27 Sep 2016 07:24am EDT 

Industrial And Commercial Bank Of China Ltd <1398.HK> :Considered and approved proposal on appointment of Gu Shu as president of Industrial And Commercial Bank Of China Limited.  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

Industrial And Commercial Bank Of China to pay 2015 div on July 8
Friday, 1 Jul 2016 02:00am EDT 

Industrial And Commercial Bank Of China Ltd <601398.SS>: Says it will pay cash dividend of 2.333 yuan per 10 shares (before tax) to shareholders for 2015 as a record of July 7 .Says the company's shares will be traded ex-right and ex-dividend on July 8 and the dividend will be paid on July 8.  Full Article

Industrial and Commercial Bank of China says Yi Huiman was re-elected executive director<1398.HK><601398.SS>
Friday, 24 Jun 2016 08:15am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: Announces that at the agm, Yi Huiman was re-elected as executive director of the bank . Entered into agreement on distribution of cash dividends of H shares for Southbound trading . Announces that at the AGM, Shen Si was elected as independent non-executive director of the bank . Agreement with Shanghai Branch of China Securities Depository and Clearing Corporation Ltd . Announces Zhang Wei was elected as shareholder supervisor and shen bingxi was elected as external supervisor of the bank . 2015 profit distribution plan of the bank was considered and approved at the agm . Dong Juan has ceased to act as an external supervisor of the bank .  Full Article

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Chinese banks battle slowing loan growth, default risks loom

BEIJING/SHANGHAI Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the specter of corporate defaults as financing costs climb further in the world's No.2 economy.