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Industrial and Commercial Bank of China ( (HK:1398) ) has shared an announcement.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Tier 2 Capital Notes, raising RMB50 billion. This issuance, approved by regulatory authorities, aims to enhance the bank’s tier 2 capital, thereby strengthening its financial stability and market position.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited is a major financial institution in the People’s Republic of China, offering a range of banking services including corporate and personal banking, treasury operations, and asset management. It focuses on both domestic and international markets, with a strong presence in the interbank bond market.
YTD Price Performance: 17.05%
Average Trading Volume: 25,533
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $315.7B
Learn more about 1398 stock on TipRanks’ Stock Analysis page.
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