Edition:
United States

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

1398.HK on Hong Kong Stock

5.08HKD
28 Apr 2017
Change (% chg)

HK$-0.03 (-0.59%)
Prev Close
HK$5.11
Open
HK$5.12
Day's High
HK$5.13
Day's Low
HK$5.07
Volume
116,128,211
Avg. Vol
235,959,043
52-wk High
HK$5.27
52-wk Low
HK$3.82

Latest Key Developments (Source: Significant Developments)

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

ICBC updates on CBRC approval in relation to the qualification of chairman<1398.HK><601398.SS>
Friday, 17 Jun 2016 06:47am EDT 

Industrial and Commercial Bank of China Ltd <601398.SS>: ICBC usdpref1 ICBC eurpref1 ICBC cnhpref1-r-announcement on the cbrc approval in relation to the qualification of chairman of the board <1398.HK> . Says approved the appointment of Yi Huiman as the chairman .  Full Article

ICBC's chairman resigns as he reached retirement age, unit plans financial holding company
Tuesday, 31 May 2016 07:00am EDT 

Industrial And Commercial Bank Of China <601398.SS><1398.HK> : Says unit ICBC (Asia) plans to invest 1 billion euros ($1.12 billion) to set up financial holding company . Says chairman Jiang Jianqing resigns as he has reached retirement age .Says Yi Huiman is elected as chairman, pending banking regulator's approval.  Full Article

Industrial And Commercial Bank of China Ltd - ICBC executives released from custody in Spanish money laundering case - Reuters News
Tuesday, 12 Apr 2016 09:44am EDT 

Industrial And Commercial Bank of China Ltd:A Spanish court on Tuesday ordered the release from custody of two Chinese banking executives arrested in February as part of a money laundering probe into China's biggest bank, the Industrial and Commercial Bank of China (ICBC) - RTRS.The two Madrid-based ICBC executives, Liu Gang and Liu Wei, were released after the court decided there was no flight risk and dismissed concerns that they might destroy evidence, court documents said. A third ICBC employee will remain in jail.The ruling on their release does not anticipate the outcome of their case. The two men will have their passports taken away and will have to appear in court at least twice a month.Neither ICBC nor the executives have issued any comment on the case since it started in February.The bank, which had asked for the release of its staff, had previously said it was cooperating with the authorities and had always strictly implemented money laundering regulations.Three were released after they paid bail of 100,000 euros ($113,770).The other threehave been in jail since the end of February as a precautionary measure allowed under Spanish law while an investigating judges work on the case.Spanish courts can refuse bail on the grounds that a person could be a flight risk, or if they are concerned that evidence might be destroyed.The Spanish investigation is looking into allegations that funds were transferred by a criminal group via the bank to China.  Full Article

More From Around the Web

Photo

For China's Big Five banks, margins slide, but hopes rise on bad debts

BEIJING/SHANGHAI China's biggest listed banks posted results that showed shrinking interest margins caused first-quarter profits to be near-flat, although there was a glimmer of hope as the pace of mounting bad debts slowed at some of the lenders.