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An announcement from Industrial and Commercial Bank of China ( (HK:1398) ) is now available.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Undated Additional Tier 1 Capital Bonds (Series 2) in the National Interbank Bond Market, raising RMB40 billion. The proceeds from this issuance will be used to replenish the bank’s additional tier 1 capital, enhancing its financial stability and capacity to support future growth.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.30 price target. To see the full list of analyst forecasts on Industrial and Commercial Bank of China stock, see the HK:1398 Stock Forecast page.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited is a major financial institution in China, primarily engaged in providing a wide range of banking services. The bank focuses on commercial banking and offers products such as loans, deposits, and wealth management services, catering to both individual and corporate clients.
YTD Price Performance: 28.92%
Average Trading Volume: 218,865,430
Technical Sentiment Signal: Buy
Current Market Cap: HK$2919.4B
Learn more about 1398 stock on TipRanks’ Stock Analysis page.