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

HKSE - HKSE Delayed price. Currency in HKD
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4.660-0.010 (-0.21%)
At close: 04:08PM HKT
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Previous close4.670
Bid4.650 x 0
Ask4.660 x 0
Day's range4.640 - 4.680
52-week range4.080 - 4.940
Avg. volume177,543,201
Market cap1.911T
Beta (5Y monthly)0.51
PE ratio (TTM)4.16
EPS (TTM)1.120
Earnings dateN/A
Forward dividend & yield0.34 (7.37%)
Ex-dividend date04 Jul 2022
1y target est6.21
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    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.

  • Reuters

    In Zimbabwe, coal power project seeks other backing after China's U-turn

    A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects overseas. The effort by RioZim Ltd, one of Zimbabwe's biggest mining and energy companies, reflects how China's recent U-turn on foreign coal financing is forcing developing nations across Africa and Asia to rethink their energy plans. China, which had been a top funder of coal power projects around the globe, announced in September it would not build new coal projects abroad as part of efforts to curb future carbon emissions.

  • Reuters

    Standard Bank in discussions with ICBC over exiting London-based joint venture

    South Africa's Standard Bank has commenced discussions with the Industrial and Commercial Bank of China (ICBC) around exiting its 40% stake in the two lenders' London-based joint venture ICBC Standard Bank, chief executive officer Sim Tshabalala said on Friday. Standard Bank has been trying to exit the venture, a relic of its failed bid to become a global emerging markets lender, for some time, but been restricted by the terms of its agreement with ICBC.