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Industrial and Commercial Bank of China Ltd Add to portfolio

HSI:1398, Jun 05, 03:44 UTC

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Friday, May 22


News

What Kind Of Investor Owns Most Of Industrial and Commercial Bank of China Limited (HKG:1398)?

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This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. The company’s largest shareholder is Central Huijin Investment Ltd., with ownership of 35%, With 31% and 5.9% of the shares outstanding respectively, Ministry of Finance People’s Republic of China and National Council for Social Security Fund are the second and third largest shareholders. Further, we found that the top 2 shareholders have a combined ownership of 66% in the company, meaning that they are powerful enough to influence the decisions of the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. Our most recent data indicates that insiders own less than 1% of Industrial and Commercial Bank of China Limited. As it is a large company, we’d only expect insiders to own a small percentage of it. But it’s worth noting that they own HK$11k worth of shares.

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simplywall.st
Topics:
  • Business
  • Financial

Monday, May 11


News

Tesla Negotiates $565M Loan In China Amid Factory Shutdowns, Shrinking Sales

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Tesla Negotiates $565M Loan In China Amid Factory Shutdowns, Shrinking Sales. Tesla Inc (NASDAQ: TSLA) is yet again relying on debt to keep its operations going in China, with the electric vehicle manufacturer negotiating a loan facility, according to an 8-K filing with the SEC. Tesla has entered into a working capital loan contract with the Chinese commercial lender Industrial and Commercial Bank of China Ltd for an unsecured revolving facility of up to 4 billion yuan ($563,928,320). The negotiation of the loan facility comes at a time when Tesla manufacturing is shut down in both the China and the U.S. Last week, the EV maker said that it has halted production in its Shanghai Gigafactory according to plan, although reports suggested it could be due to shortage of components.

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Thursday, May 07


News

Top Facts on China’s Crypto Yuan and Related Blockchain Projects

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Musheer Ahmed, managing director at FinStep Asia — an advisory firm assisting fintech startups — explained to Cointelegraph that blockchain networks have been in development for over a few years in mainland China, with the Financial Blockchain Shenzhen Consortium, which was launched four years ago by top local firms such as Tencent and Huawei, being the first major initiative that engaged a host of private and state-owned companies:. China took the lead in the race for its own central bank digital currency, outpacing its closest competitors. The central banks of the European Union, South Korea, Russia, Sweden and several other countries as well as the Eastern Caribbean Central Bank have also announced their own research into state-issued cryptocurrencies, but they are still at the legislation or trial stages, proving the paperwork falls second to action in China. Jeff Chu, the founding partner of BN Capital — a firm focusing on investment and consulting in the blockchain industry and digital economy — told Cointelegraph that the BSN aims to build up a new type of global service network and create cross-regional and cross-institutional information services based on blockchain technology.

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cointelegraph.com
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  • Science

Wednesday, April 29


News

China's biggest banks post profit growth amid pandemic, but margins shrink

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China's biggest banks post profit growth amid pandemic, but margins shrink. (Reuters) - China's biggest listed banks posted higher profits in the first quarter despite the wider impact of the coronavirus pandemic on the economy, though margins shrank. The world's largest commercial lender Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS) (1398.HK) on Tuesday reported a 3.04% rise in first quarter net profit compared to a year earlier, while Bank of Communications Co Ltd (BoCom) (601328.SS) (3328.HK) reported a 1.8% rise. China's largest banks are historically more resilient than their smaller kin, as they lend more to state-backed enterprises and have larger capital reserves. However, despite this firmer base, net interest margins shrank at four of the five lenders, as loan prime rate reform and looser monetary policy weighed, said analysts.

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in.reuters.com
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Tuesday, April 28


News

China's biggest banks post profit growth amid pandemic, but margins shrink

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China's biggest banks post profit growth amid pandemic, but margins shrink. (Reuters) - China's biggest listed banks posted higher profits in the first quarter despite the wider impact of the coronavirus pandemic on the economy, though margins shrank. The world's largest commercial lender Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS)(1398.HK) on Tuesday reported a 3.04% rise in first quarter net profit compared to a year earlier, while Bank of Communications Co Ltd (BoCom) (601328.SS)(3328.HK) reported a 1.8% rise. China's largest banks are historically more resilient than their smaller kin, as they lend more to state-backed enterprises and have larger capital reserves. However, despite this firmer base, net interest margins shrank at four of the five lenders, as loan prime rate reform and looser monetary policy weighed, said analysts.

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Monday, April 13


News

Is Industrial and Commercial Bank of China Limited’s (HKG:1398) CEO Being Overpaid?

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This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. Pay mix tells us a lot about how a company functions versus the wider industry, and it’s no different in the case of Industrial and Commercial Bank of China. With a total shareholder return of 21% over three years, Industrial and Commercial Bank of China Limited shareholders would, in general, be reasonably content. But they probably wouldn’t be so happy as to think the CEO should be paid more than is normal, for companies around this size. Shu Gu receives relatively low remuneration compared to other large companies. But the company isn’t exactly firing on all cylinders, from my perspective. But on this analysis I see no issue with the CEO compensation. So you may want to check if insiders are buying Industrial and Commercial Bank of China shares with their own money (free access).

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simplywall.st
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  • Financial

Sunday, April 12


News

Eye Catching Hot Stock:: Industrial and Commercial Bank of China Limited (HKSE:1398)

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RSI moves in the range of 0 and 100. So an RSI of 0 means that the stock price has fallen in all of the 14 trading days. Analysts’ recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions. If you are considering getting into the day trading or stock market, it’s a legitimate and profitable method for making a living. Every good investor knows that in order to make money on any investment, you must first understand all aspects of it, so let’s look at daily change, stock price movement in some particular time frame, volatility update, performance indicators and technical analysis and analyst rating. This piece of financial article provides a short snap of Industrial and Commercial Bank of China Limited regarding latest trading session and presents some other indicators that can help you to support yours research about Industrial and Commercial Bank of China Limited.

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investorwelcome.com
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Friday, April 10


News

China to improve stock market operations - Asia Times

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China will increase its efforts to deepen reform and the opening-up of its stock markets and remove institutional barriers that hinder the free flow of factors to lay a solid foundation for the high-quality development and the building of a modernized economic system, according to a document issued by the Communist Party of China (CPC) Central Committee and the State Council on Thursday. Efforts will be made to nurture new industries, businesses and models of the digital economy and support the utilization of data in fields including agriculture, industry, transport, education and urban management. From Friday, China’s commercial banks will be allowed to participate in treasury bond futures business and use financial tools to manage their interest rate risks. Property sales targets. Forty Chinese property developers expected their sales for 2020 would be less than 14% on average, the lowest in recent years, the China Securities Journal reported.

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asiatimes.com
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Tuesday, March 03


News

Financial Service: Market 2020 Latest Emerging Trend, Demand, Customer Needs and Forecast 2024 with Key Players – Agricultural Bank of China, Banks incorporated in the UK, United health Group, Industrial and Commercial Bank of China, AXA – 3rd Watch News

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Financial Service: Market 2020 Latest Emerging Trend, Demand, Customer Needs and Forecast 2024 with Key Players – Agricultural Bank of China, Banks incorporated in the UK, United health Group, Industrial and Commercial Bank of China, AXA. The ‘Global Financial Service Market Report’ Provides A Detailed Analysis of The Current Dynamics of The Market with An Extensive Focus on Secondary Research. It Likewise Examines at The Job of The Main Market Players Engaged with The Business Including Their Financial Service Corporate Review, Financial Summary and SWOT Analysis. This Financial Service Market Report That Is Imagines That the Length of This Market Will Develop during The Time System While the Compound Annual Growth Rate (CAGR) Development.

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3wnews.org
Topics:
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  • Health
  • Financial
  • Science

Friday, February 14


News

I Built A List Of Growing Companies And Industrial and Commercial Bank of China (HKG:1398) Made The Cut

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It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks with a good story, even if those businesses lose money. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. So if you’re like me, you might be more interested in profitable, growing companies, like Industrial and Commercial Bank of China (HKG:1398). While profit is not necessarily a social good, it’s easy to admire a business that can consistently produce it. Not all of Industrial and Commercial Bank of China’s revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I’ve used might not be the best representation of the underlying business. I always like to check up on CEO compensation, because I think that reasonable pay levels, around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalizations over CN¥56b, like Industrial and Commercial Bank of China, the median CEO pay is around CN¥6.9m. Of course, just because Industrial and Commercial Bank of China is growing does not mean it is undervalued. If you’re wondering about the valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

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simplywall.st
Topics:
  • Business
  • Financial