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The latest update is out from Industrial and Commercial Bank of China ( (HK:1398) ).
Industrial and Commercial Bank of China Limited has announced the full redemption of its tier 2 capital bonds, initially issued in 2020 with a total value of RMB90 billion. This strategic financial move, executed ahead of the bonds’ maturity dates in 2025, reflects the bank’s robust financial management and may enhance its capital structure, potentially impacting its market positioning and stakeholder confidence.
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, operating as a joint stock limited company. It is involved in the banking industry, offering a wide range of financial services and products, and is focused on both domestic and international markets.
YTD Price Performance: 33.81%
Average Trading Volume: 223,902,321
Technical Sentiment Signal: Buy
Current Market Cap: HK$3005B
See more data about 1398 stock on TipRanks’ Stock Analysis page.