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Industrial and Commercial Bank of China ( (HK:1398) ) has issued an update.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Tier 2 Capital Notes (Series 3) in the National Interbank Bond Market, raising RMB50 billion. The proceeds will be used to enhance the bank’s tier 2 capital, bolstering its financial stability and regulatory compliance.
The most recent analyst rating on (HK:1398) stock is a Hold with a HK$4.80 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 joint stock limited company incorporated in the People’s Republic of China. It operates in the banking industry, offering a range of financial services and products, with a focus on both domestic and international markets.
YTD Price Performance: 26.48%
Average Trading Volume: 263,365,127
Technical Sentiment Signal: Buy
Current Market Cap: HK$2903B
See more insights into 1398 stock on TipRanks’ Stock Analysis page.