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

1398.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China's HNA Group Seeks To Sell Passenger Aircraft Ordered From Airbus To Leasing Firms -Bloomberg, Citing Unnamed Sources
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - :CHINA'S HNA GROUP SEEKS TO SELL PASSENGER AIRCRAFT ORDERED FROM AIRBUS TO LEASING FIRMS -BLOOMBERG, CITING UNNAMED SOURCES.CHINA'S HNA GROUP IN CONTACT WITH LEASING ARMS OF ICBC, CHINA MINSHENG BANK FOR AT LEAST 10 OF HNA'S AIRBUS PLANE ORDERS -BLOOMBERG, CITING UNNAMED SOURCES.  Full Article

Industrial And Commercial Bank Of China Gets Approval To Establish Representative Office In Vietnam
Monday, 29 Oct 2018 

Oct 29 (Reuters) - 1398.HK <1398.HK>::INDUSTRIAL AND COMMERCIAL BANK OF CHINA ANNOUNCES APPROVAL OF ESTABLISHMENT OF A REPRESENTATIVE OFFICE IN VIETNAM.GETS APPROVAL FROM STATE BANK OF VIETNAM TO ESTABLISH HO CHI MINH CITY REPRESENTATIVE OFFICE.  Full Article

ICBC Asset Management Chooses Linedata For Its Investment Solutions
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - LINEDATA SERVICES SA ::ICBC ASSET MANAGEMENT (GLOBAL) CHOOSES CO FOR ITS INVESTMENT SOLUTIONS.  Full Article

ICBC President: Bank Will Support Reasonable Property Loan Demand, Curb Speculative Loan Demand In H2
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Industrial and Commercial Bank of China Ltd <601398.SS><1398.HK>::ICBC PRESIDENT: BANK CAN KEEP NET INTEREST MARGIN STABLE IN SHORT TERM DESPITE DECREASING MARKET RATES.ICBC CHAIRMAN: ASSET QUALITY UNDER CONTROL IN EMERGING MARKETS, INCLUDING TURKEY, SOUTH AFRICA, ARGENTINA.ICBC CHAIRMAN: ACTIVELY CONDUCTING STRESS TEST ON CLIENTS IMPACTED BY CHINA-U.S. TRADE FRICTION.ICBC CHAIRMAN: TO PROVIDE FINANCING SUPPORT FOR COMPANIES THAT HAVE TEMPORARY DIFFICULTIES AMID TRADE FRICTIONS.ICBC PRESIDENT: DEBT RISK OF THE PROPERTY SECTOR UNDER CONTROL.ICBC PRESIDENT: BANK WILL SUPPORT REASONABLE PROPERTY LOAN DEMAND, CURB SPECULATIVE LOAN DEMAND IN H2.  Full Article

Ping An Asset Management Buys More Shares In ICBC - HKEX Filing
Monday, 23 Jul 2018 

July 23 (Reuters) - Industrial and Commercial Bank of China Ltd <1398.HK>, <601398.SS>::PING AN ASSET MANAGEMENT CO LTD BUYS 43.1 MLN H-SHARES IN ICBC <<<1398.HK>>> AT AN AVERAGE PRICE OF HK$5.4329 EACH ON JULY 19 - HKEX FILING.PING AN ASSET MANAGEMENT CO LTD OWNS 8.03 PERCENT IN ICBC AFTER THE TRANSACTION FROM 7.98 PERCENT PREVIOUSLY - HKEX FILING.  Full Article

Industrial And Commercial Bank Of China lists Floating Rate Notes On Singapore Exchange
Friday, 25 May 2018 

May 25 (Reuters) - Industrial And Commercial Bank Of China <1398.HK>::$350 MILLION FLOATING RATE NOTES DUE 2023 ISSUED BY CO, SINGAPORE BRANCH LISTED ON SINGAPORE EXCHANGE ON 25 MAY.  Full Article

Industrial And Commercial Bank Of China Announces Listing Of Medium Term Notes On ASX
Friday, 25 May 2018 

May 25 (Reuters) - Industrial And Commercial Bank Of China <1398.HK>::ANNOUNCES LISTING OF USD300 MILLION FLOATING RATE MEDIUM TERM NOTES DUE 2021 BY SYDNEY BRANCH ON ASX.  Full Article

ICBC Posts Q1 Financial Results
Friday, 27 Apr 2018 

April 27 (Reuters) - Industrial and Commercial Bank of China Ltd <601398.SS>, <1398.HK>::SAYS Q1 NET PROFIT 78.80 BILLION YUAN ($12.42 billion).SAYS NON-PERFORMING LOANS RATIO AT 1.54 PERCENT AT END-MARCH.SAYS CAPITAL ADEQUACY RATIO AT 12.64 PERCENT AT END-MARCH.  Full Article

ICBC Chairman: Expect To Keep Bad Loan Provision Coverage Ratio Stable
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Industrial and Commercial Bank of China <1398.HK>::INDUSTRIAL AND COMMERCIAL BANK OF CHINA PRESIDENT GU SHU: EXPECT ASSET QUALITY TO CONTINUE TO IMPROVE.INDUSTRIAL AND COMMERCIAL BANK OF CHINA CHAIRMAN YI HUIMAN: MERGER OF BANKING AND INSURANCE REGULATORS BENEFITS THE DEVELOPMENT OF THE BANKING SECTOR.ICBC CHAIRMAN SAYS ICBC DISPOSED 600 BILLION YUAN IN BAD LOANS OVER LAST 3 YEARS.ICBC CHAIRMAN: EXPECT TO KEEP BAD LOAN PROVISION COVERAGE RATIO STABLE.  Full Article

ICBC Posts 2017 Financial Results
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Industrial and Commercial Bank of China <601398.SS>, <1398.HK>::SAYS 2017 NET PROFIT 286.05 BILLION YUAN ($45.59 billion).SAYS NON-PERFORMING LOANS RATIO AT 1.55 PERCENT.SAYS NET INTEREST MARGIN AT 2.22 PERCENT.SAYS CAPITAL ADEQUACY RATIO AT 12.77 PERCENT.  Full Article

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EU steps up legal action against Malta, Luxembourg over money laundering

BRUSSELS The European Commission on Thursday stepped up legal action against Malta and Luxembourg for not fully applying European Union rules to prevent money laundering at banks and through companies.