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ICBC Announces Resignation of Senior Executive Vice President

Story Highlights
  • ICBC’s Senior Executive Vice President, Mr. Duan Hongtao, resigns due to a position change.
  • Mr. Duan will become Deputy Secretary of the Party Committee, with no disagreements reported.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ICBC Announces Resignation of Senior Executive Vice President

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The latest announcement is out from Industrial and Commercial Bank of China ( (HK:1398) ).

Industrial and Commercial Bank of China Limited announced the resignation of Mr. Duan Hongtao from his roles as Senior Executive Vice President, Board Secretary, and Company Secretary, effective August 29, 2025. Mr. Duan will assume the position of Deputy Secretary of the Party Committee of the Bank. His resignation is due to a position change, and he has confirmed no disagreements with the Board. The Board has expressed gratitude for his contributions, and the transition has been completed in accordance with relevant requirements.

The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.20 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, operating as a joint stock company with limited liability. The bank is involved in providing a wide range of financial services, focusing on both domestic and international markets.

Average Trading Volume: 247,715,128

Technical Sentiment Signal: Buy

Current Market Cap: HK$2675.7B

Find detailed analytics on 1398 stock on TipRanks’ Stock Analysis page.

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