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An update 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, raising RMB40 billion. The bonds, which have a distribution rate of 1.97% for the first five years, will help replenish the bank’s additional tier 1 capital, enhancing its financial stability and operational capacity.
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 major financial institution in the People’s Republic of China, offering a wide range of banking services. The bank is known for its focus on both domestic and international markets, providing services such as corporate banking, personal banking, and asset management.
Average Trading Volume: 300,097,072
Technical Sentiment Signal: Buy
Current Market Cap: HK$2562.7B
See more data about 1398 stock on TipRanks’ Stock Analysis page.