UK markets close in 3 hours 59 minutes

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

HKSE - HKSE Delayed price. Currency in HKD
Add to watchlist
3.580-0.050 (-1.38%)
At close: 04:09PM HKT
Full screen
Previous close3.630
Bid3.570 x 0
Ask3.580 x 0
Day's range3.550 - 3.690
52-week range3.550 - 4.940
Avg. volume137,650,934
Market cap1.542T
Beta (5Y monthly)0.44
PE ratio (TTM)3.35
Earnings dateN/A
Forward dividend & yield0.34 (8.98%)
Ex-dividend date04 Jul 2022
1y target estN/A
  • Bloomberg

    China’s Mega Banks See Slower Profit Growth on Loan Pressure

    (Bloomberg) -- China’s biggest banks, including Industrial & Commercial Bank of China Ltd., reported slowing earnings growth after being roped in by Beijing to help stave off a deeper economic slump in the world’s second-biggest economy.Most Read from BloombergAdani Becomes World’s Third Richest Trailing Only Musk, BezosElon Musk Attacks Twitter Deal Over Whistle-Blower as Feud EscalatesThere’s a New Recession Canary in the Coal Mine, Morgan Stanley SaysDOJ Response Raises Doubts on Trump ‘Speci

  • Reuters

    China's largest banks show wounds from property sector crisis

    BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as they posted modest profits against the backdrop of an economic slowdown. The first-half results come after the world's second-largest economy narrowly avoided contracting in the second quarter as widespread COVID-19 lockdowns and the slumping property sector badly damaged consumer and business confidence. China Construction Bank Corp (CCB) and Bank of China Ltd (BoC) reported a 68% and 20% increase in bad real estate debt in the first half of this year on Tuesday in exchange filings.

  • Reuters

    China approves ICBC-Goldman JV to start offering wealth services

    The China Banking and Insurance Regulatory Commission's (CBIRC) nod comes as the world's second-largest economy opens up its giant financial sector to investments from foreign players, allowing them to collaborate with domestic banks. Goldman Sachs ICBC Wealth Management, set up in May last year with a 51% funding contribution from U.S. banking giant Goldman and 49% by ICBC, will now offer a broad range of investment products to the Chinese market over time, including quantitative investment strategies.