|Bid||5.420 x 0|
|Ask||5.430 x 0|
|Day's range||5.350 - 5.440|
|52-week range||5.100 - 7.640|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||5.73|
|Forward dividend & yield||0.29 (5.43%)|
|1y target est||7.63|
Industrial & Commercial Bank of China Ltd. had been marketing three-year and five-year floating-rate notes through its New York branch, then decided not to proceed with pricing, according to people familiar with the matter. ICBC’s securities were aimed at buyers in the U.S., where investor sentiment toward investment-grade credit has been shifting thanks to worries over a slowdown in growth amid Federal Reserve policy tightening. China’s sovereign offering last month also saw diminished American demand demand as trade tensions escalated.
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Industrial & Commercial Bank of China Ltd., the nation’s largest lender by assets, has expanded a debt-to-equity swap program in wake of a record run of defaults. Shandong Chenming Paper Holdings Ltd. and Eternal Asia Supply Chain Management Ltd. each signed 3 billion yuan ($433 million) of such deals with ICBC, exchange filings showed on Wednesday. Guangdong Liantai Group also announced a similar deal on its website on Tuesday.
It’s local authorities who have been most active to cushion what’s been a near-30 percent plunge in the Shanghai Composite Index from its January high. Officials in the southern cities of Shenzhen and Shunde as well as Beijing’s Haidian district have moved to help listed firms from their areas, according to local authorities and media reports. Rather than the across-the-board purchases seen in efforts led by the central government in the wake of a $5 trillion sell-off in 2015, this time around aid appears to be channeled to specific companies in need of liquidity support.
Industrial & Commercial Bank of China Ltd. posted its fastest profit growth since September 2014 as margins and asset quality improved, but flagged challenging times ahead as the trade war with the U.S. intensifies. Net income at the world’s largest lender by assets rose 5.8 percent to 81.6 billion yuan ($11.9 billion) in the quarter ended June from a year earlier, according to an exchange filing Thursday, broadly in line with estimates. China’s five biggest banks have all reported profit growth of at least 5 percent for the latest quarter, and escaped the surge in bad loans that swamped smaller lenders.
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HONG KONG, Aug 15, 2018 - (Media OutReach) - The ICBC (Asia) e-Sports & Music Festival Hong Kong (EMFHK) returns this summer with professional gamers competing for glory at three international e-sports ...
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China’s biggest banks are set for a boost in valuations as analysts expect a strengthening economy will fuel loan demand and margins.
Estonian National Symphony Orchestra and Estonian National Male Choir Chairman and Executive Director of ICBC (Asia) Gao Ming (the fifth from left) and the ICBC (Asia) management team proposed a toast ...
Industrial & Commercial Bank of China Ltd. said it’s teaming up with the finance unit of Internet retailer JD.com Inc. to offer digital banking services.