Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Industrial and Commercial Bank of China Limited    1398   CNE1000003G1

INDUSTRIAL AND COMMERCIAL BANK OF CHINA

(1398)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Industrial and Commercial Bank of China : ICBC Takes Advantage of Bond Service, Supporting COVID-19 Prevention and Control, Work Resumption

share with twitter share with LinkedIn share with facebook
share via e-mail
03/11/2020 | 04:33am EDT

In order to reinforce the prevention and control of the novel coronavirus disease (COVID-19) and better serve economic and social development, Industrial and Commercial Bank of China has been taking advantage of its bond service to open green channel, providing funding support for work resumption and the battle against COVID-19. In February, ICBC raised over RMB 23 billion by underwriting bond issuance for companies involving in fighting against COVID-19, and invested more than RMB 18 billion in this respective.

To serve enterprises participating in the fight against the COVID-19, ICBC communicated with traders associations soon after the outbreak of the epidemic, meeting enterprises' demands, improving its bond issuance procedure, and speeding up its working efficiency. As the sole underwriter of Jointown Pharmaceutical Group, Hubei Xingfa Chemicals Group, SF Express and so on, and one of the major investors of jd.com, etc., the bank made unremitting efforts in supporting the production, logistics and transportation of medical materials that are crucial to win the war against the epidemic.

To boost work resumption, ICBC responded quickly to the bond financing demands, invested on local government debt in Hubei and other provinces, and shored up the construction in public health care, education, road and other livelihood fields, offering funding support to work resumption.

In addition, the bank also took its advantages on channel and service into full play, quickly raising money to support the prevention and control of the epidemic by means of distributing China Development Bank's COVID-19-themed bonds through its wide counters.

Disclaimer

ICBC - Industrial and Commercial Bank of China Limited published this content on 11 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2020 09:32:05 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INDUSTRIAL AND COMMERCIAL
01:49aChina's efforts to resolve financial risks slowed by virus - local central ba..
RE
05/20LUCKIN SCANDAL RIPPLE EFFECT PROMPTS : sources
RE
05/20LUCKIN SCANDAL RIPPLE EFFECT PROMPTS : sources
RE
05/18INDUSTRIAL AND COMMERCIAL BANK OF CH : Dozens at China's ICBC bank test negative..
RE
05/17ICBC Gets RBNZ Approval to Expand New Zealand Banking Services
DJ
05/17RBNZ says registers Chinese bank ICBC for banking services in New Zealand
RE
05/06China allows asset investment companies to conduct asset management business
RE
04/30Bank of China asks CME to probe 'abnormal fluctuations' in oil futures
RE
04/29China's biggest banks post profit growth amid pandemic, but margins shrink
RE
04/29The Last Stronghold of Growing Bank Profits Cannot Hold -- Heard on the Stree..
DJ
More news
Financials (CNY)
Sales 2020 824 B
EBIT 2020 595 B
Net income 2020 319 B
Debt 2020 -
Yield 2020 5,90%
P/E ratio 2020 5,08x
P/E ratio 2021 4,91x
Capi. / Sales2020 2,13x
Capi. / Sales2021 2,05x
Capitalization 1 755 B
Chart INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
Duration : Period :
Industrial and Commercial Bank of China Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INDUSTRIAL AND COMMERCIAL
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 5,86 CNY
Last Close Price 4,54 CNY
Spread / Highest target 59,5%
Spread / Average Target 29,2%
Spread / Lowest Target -7,41%
EPS Revisions
Managers
NameTitle
Shu Gu Vice Chairman, President & General Manager
Si Qing Chen Chairman
Guo Zhong Yang Chairman-Supervisory Board
Wen Wu Zhang General Manager-Finance & Accounting
Wei Zhang Member-Supervisory Board
Sector and Competitors