Industrial and Commercial Bank of China (ICBC)
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Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China (ICBC)
Industrial and Commercial Bank of China (ICBC)
Founded in 1984, Industrial and Commercial Bank of China (ICBC) is one of China's 'Big Four' state-owned commercial banks - the other three are Bank of China, Agricultural Bank of China, and China Construction Bank.
Pedestrians walk in front of an electronic sign board showing the Hang Seng Index in Hong Kong on July 11, 2025. Photo: AFP
Hong Kong stock market

Chinese firms’ H stocks trade at smallest discount to onshore shares in 5 years

The narrowing discrepancy reflects the Hong Kong market’s gains from global investors’ diversification efforts.

Banking & finance

China gives Hong Kong new yuan transfer cap as payment link starts

Alibaba

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

IPO

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

CATL is expected to raise HK$35.66 billion from the sale of 135.6 million shares at HK$263 apiece. Photo: Reuters
Hong Kong stock market

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

Banking & finance

Chinese banks raise consumer loan rates from record low to protect margins

Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

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Banking & finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

A branch of the Industrial and Commercial Bank of China (ICBC) in Beijing on April 1, 2019. Photo: Reuters
Hong Kong property

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

Banking & finance

Beijing allows Hong Kong banks to issue credit cards in China from March 1

The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

Corruption in China

Former ICBC executive gets death sentence with reprieve for taking bribes

Zhang Hongli, who was vice-president of the state-owned bank, accepted bribes in exchange for help with loan financing and securing jobs.

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The court found Zhang Hongli’s crimes had caused “significant loss” to the country and people’s interests. Photo: CCTV
Banking & finance

Hong Kong banks offer lai see, hampers, Asia Miles to returning workers

Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.

Lai see packets. Photo: Shutterstock Images
China stock market

Chinese banks surge on CSRC guideline urging more shareholder returns

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Banking & finance

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

Banking & finance

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

Li Yunze, director of the National Administration of Financial Regulation. Photo: Reuters
Banking & finance

State-owned banks face thinner margins amid Beijing’s call to support economy

At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.

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An advertisement displaying the interest rate for loans at a branch of the Industrial and Commercial Bank of China in Chengdu, capital of southwestern Sichuan province. Photo: Bloomberg
Banking & finance

Saudi Arabia wealth fund signs US$50 billion deals with 6 Chinese institutions

Agreements with top financial institutions including BOC, CCB and ICBC aim to promote two-way capital flows through both debt and equity, Public Investment Fund says.

Banking & finance

Exclusive | Wealth Management Connect revamp sent investment skyrocketing, says ICBC

Improvements to the Wealth Management Connect scheme in February have proven to be a game-changer, with investment via the cross-border trading channel quadrupling between January and April, according to government data and ICBC.

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Banking & finance

Chinese banks could improve their bottom lines with AI adoption, experts say

AI could lift Chinese banks’ fee-based income to as much as 40 per cent from 30 per cent currently, Asian Banker founder Emmanuel Daniel says.

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Panellists take part in a discussion at the Future of Finance China Conference in Beijing on Friday. Photo: Yuke Xie
Banking & finance

Singapore’s sovereign wealth fund trims stake in China’s biggest lender ICBC

Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.

Banking & finance

China’s banks to sell US$60 billion of loss-absorbing bonds to meet PBOC’s norms

ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.

Banking & finance

China’s ICBC, Agricultural Bank post profit drops on margin squeeze

The government may press state banks to continue cutting lending rates, further eroding their margins, analyst says.

Signage outside an Industrial and Commercial Bank of China branch in Shanghai on August 26, 2022. Photo: Bloomberg
Banking & finance

Fitch cuts outlook for China’s state-owned banks from stable to negative

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

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Fitch said the current size of China’s banking system limits the amount of support the central government could give to its biggest lenders. Photo: Reuters
Banking & finance

Bocom posts slight rise in profits and points to improving asset quality

Bocom paints resilient picture for year ahead despite posting slower profit growth and warning about challenges from property sector.

China property

China Vanke gets US$194 million loan from Industrial Bank in temporary relief

A loan for China Vanke, one of China’s largest developers, could provide temporary relief to a sector rocked by defaults and by a court order for the liquidation of China Evergrande Group, the world’s most indebted developer.

Banking & finance

Exclusive | ICBC Asia to combat fraud by doubling down on AI amid rise in scams

ICBC Asia, the Hong Kong unit of Industrial and Commercial Bank of China, the country’s largest lender, will continue to use technology such as artificial intelligence to prevent and investigate fraud.

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Tony Mak, head of the financial crime compliance department at ICBC Asia. Photo: Jonathan Wong
Banking & finance

China’s Year of the Dragon banknotes, coins set to profit resellers on Taobao

Some of the 3.2 billion yuan (US$450 million) worth of commemorative coins and banknotes issued by China’s central bank may deliver handsome profits for resellers on popular local e-commerce platforms.

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The People’s Bank of China unveiled a set of special gold, silver and copper alloy coins in December, alongside a 20-yuan banknote, to usher in the year of the dragon. Photo: Weibo
Banking & finance

ICBC chairman resigns as Chinese banks’ leadership changes mount

The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.

US-China relations

US Fed fines Industrial and Commercial Bank of China for bank secrecy lapses

In addition to the US$2.43 million fine, ICBC was hit with a US$30 million penalty in New York.

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