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Industrial and Commercial Bank of China Ltd Add to portfolio

HSI:1398, Apr 21, 07:10 UTC

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Wednesday, March 28


News

Nation’s largest banks feel wind in their sails as profits rebound

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Over the past decade, small and medium-sized banks had been making more profits through aggressive lending via shadow-banking channels. According to analysts, Industrial and Commercial Bank of China (ICBC), China's top bank by market capitalization, has produced the biggest earnings "beat" so far for 2017. ICBC reported a nonperforming loan (NPL) ratio of 1.55 percent, versus 1.62 percent a year earlier. AgBank's NPL ratio fell to 1.81 percent from 2.37 percent, while CCB's ratio slipped from 1.52 percent to 1.49 percent. ICBC, AgBank and CCB reported a combined net profit of 724 billion yuan ($115.31 billion), up 4.1 percent on 2016, driven by a return to core lending businesses from fee-based incomes.

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  • Financial
News

China's largest banks feel wind in their sails as profits rebound

1398

Over the past decade, small and medium-sized banks had been making more profits through aggressive lending via shadow-banking channels. According to analysts, Industrial and Commercial Bank of China (ICBC), China's top bank by market capitalization, has produced the biggest earnings "beat" so far for 2017. ICBC reported a nonperforming loan (NPL) ratio of 1.55 percent, versus 1.62 percent a year earlier. AgBank's NPL ratio fell to 1.81 percent from 2.37 percent, while CCB's ratio slipped from 1.52 percent to 1.49 percent. ICBC, AgBank and CCB reported a combined net profit of 724 billion yuan ($115.31 billion), up 4.1 percent on 2016, driven by a return to core lending businesses from fee-based incomes.

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  • Business
  • Financial
News

China's largest banks feel wind in their sails as profits rebound

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BEIJING/SHANGHAI (Reuters) - China's top lenders are reporting their best profit growth in three years on better net interest margins, with Beijing's crackdown on shadow financing and high leverage expected to further drive recovery this year. "The banks that will do well this year are those that have national franchises, "safe" brands, relatively clean balance sheets, competitive products, sticky core deposits and strong credit skills," said John Ott, partner with Bain & Company and a leader with its Greater China financial services practice. "Net interest margin will stabilise and improve (next year)," AgBank's vice-president Zhang Keqiu told Reuters on the sidelines of the bank's press conference on Tuesday. The banks' net interest margins, a key measure of profitability for banks' most basic lending business, rose, after years of weakness brought on by successive rate cuts.

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Tuesday, March 13


Social Chatter

Industrial and Commercial Bank of China Ltd (HSI:1398) social chatter is higher than usual

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Fed orders Industrial and Commercial Bank of China to tighten AML checks. Short Million Dollar Listing
News

Chinas Industrial and Commercial Bank doesnt comply with US antimoney laundering laws Fed

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The Federal Reserve on Tuesday said one of the world's biggest banks, Industrial and Commercial Bank of China, had "significant deficiencies" in risk management and compliance with U.S. anti-money ...

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  • Financial

Tuesday, March 06


News

Nasdaq Dubai welcomes listing of two more bonds by Industrial and Commercial Bank of China

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Dubai – Nasdaq Dubai welcomed the listing today of two bonds with a total value of 1.4 billion US dollars issued by Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets. All Thomson Reuters websites use cookies to improve your online experience. Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC). Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia.

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zawya.com
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Sunday, February 18


News

Drilling into the Technicals & Valuation For Industrial and Commercial Bank of China Ltd (1398.HK) – Jonesboro Recorder

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Shares of Industrial and Commercial Bank of China Ltd (1398.HK) are on watch as the Tenkan Line has moved below the Kijun line, indicating negative momentum for the equity. Currently, Industrial and Commercial Bank of China Ltd (1398.HK) has a 14-day ATR of 0.26. The Average True Range is an investor tool used to measure stock volatility. Currently, the 14-day ADX for Industrial and Commercial Bank of China Ltd (1398.HK) is 36.55. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions.

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jonesbororecorder.com
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Tuesday, February 13


News

Trading Notebook: Ultimate Oscillator Located Under 40 for Industrial and Commercial Bank of China Ltd (1398.HK) – Berry Recorder

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The Ultimate Oscillator level is presently underneath 40 on shares of Industrial and Commercial Bank of China Ltd (1398.HK). Investors may be tracking certain levels on shares of Industrial and Commercial Bank of China Ltd (1398.HK). Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

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berryrecorder.com
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Tuesday, January 23


News

China state-backed funds slash equity exposure amid market euphoria

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Jan 23 (Reuters) - China's five state-backed mutual funds, launched during the 2015 stock market crash, cut their equity holdings in the fourth quarter as they reduced exposure to the banking and manufacturing sectors, latest filings show. China's economic fundamentals were "neutral" to the equity market, while interest rate conditions had a negative impact on stocks, fund manager Shi Bo said. CMF FengQing, for example, nearly halved its equity exposure to 7.47 percent, with ICBC disappearing from its top 10 stock holdings list. The fund, which slashed its equity holdings to 24.2 percent from 32.3 percent during the fourth quarter, and nearly halved its exposure to financials to 5.3 percent, said it would continue to take a "neutral" position on equities, with a focus on blue-chips with low valuations.

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Saturday, January 13


Social Chatter

Industrial and Commercial Bank of China Ltd (HSI:1398) social chatter is higher than usual

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#TRON officially announced the joining of Evan (Zhang Anwen), a senior bank technical expert. Evan has been responsible for major system development of four major commercial banks such as ICBC, Agricultural Bank of China, BoC and CCB. #TRX $TRX https://t.co/2TRKjmSnv4