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

HKSE - HKSE Delayed Price. Currency in HKD
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5.100+0.180 (+3.66%)
At close: 4:08PM HKT
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Previous close4.920
Open4.940
Bid5.090 x 0
Ask5.100 x 0
Day's range4.930 - 5.130
52-week range3.960 - 6.110
Volume523,708,432
Avg. volume267,588,038
Market cap2.233T
Beta (5Y monthly)0.59
PE ratio (TTM)5.31
EPS (TTM)0.961
Earnings dateN/A
Forward dividend & yield0.29 (5.84%)
Ex-dividend date22 Jun 2020
1y target est7.53
  • China's top bank ICBC posts 11.4% fall in first-half profit, worst since 2006
    Reuters

    China's top bank ICBC posts 11.4% fall in first-half profit, worst since 2006

    Industrial and Commercial Bank of China (ICBC),, the world's largest commercial lender by assets, said its net profit fell 11.4% in the first half, the biggest drop in the January-June profit since its market debut in 2006. ICBC's profit for the six months ended June 30 fell to 148.79 billion yuan ($21.67 billion) from 167.93 billion yuan in the same period a year ago, according to the lender's statement to the Shanghai Stock Exchange on Sunday. This implies a net profit of 64.3 billion yuan for the second quarter, down 25.2% from 85.93 billion yuan a year ago, the biggest slump in its quarterly earnings since 2006, Reuters calculations show.

  • Exclusive: Chinese banks prepare contingency plans over threat of U.S. sanctions - sources
    Reuters

    Exclusive: Chinese banks prepare contingency plans over threat of U.S. sanctions - sources

    Chinese state lenders are revamping contingency plans in anticipation of U.S. legislation that could penalise banks for serving officials who implement the new national security law for Hong Kong, sources at five state financial institutions said. In worst-case scenarios under consideration by the Bank of China and Industrial and Commercial Bank of China (ICBC), the lenders are looking at the possibility of being cut off from U.S. dollars or losing access to U.S. dollar settlements, two sources said.

  • China plans to grant investment banking licenses to lenders - Caixin
    Reuters

    China plans to grant investment banking licenses to lenders - Caixin

    China's securities regulator plans to grant investment banking licences to commercial lenders as part of efforts to breed industry behemoths in the face of fiercer foreign competition, business magazine Caixin reported. A pilot scheme could involve at least two of China's largest banks getting the green light from the China Securities Regulatory Commission (CSRC) to conduct investment banking business on the mainland, according to Caixin. The Industrial and Commercial Bank of China, the country's top lender, submitted a plan to CSRC in late 2018 seeking to set up a securities unit with registered capital of 100 billion yuan, Caixin reported.