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An announcement from Industrial and Commercial Bank of China ( (HK:1398) ) is now available.
Industrial and Commercial Bank of China Limited has announced that the National Financial Regulatory Administration has approved the qualification of Mr. Lee Kam Hung Lawrence as an independent director of the bank, and his appointment has now taken effect. The addition of Mr. Lee to the board expands ICBC’s roster of independent non-executive directors and underscores the bank’s ongoing efforts to strengthen its corporate governance framework and board oversight structure, developments that are closely watched by investors and regulators in light of the bank’s systemic importance.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.00 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 (ICBC) is a major Chinese joint stock commercial bank, listed in Hong Kong, providing a broad range of banking and financial services to retail and corporate customers in China and internationally. As one of the world’s largest banks by assets, it plays a key role in China’s financial system and global capital markets, with its shares traded on the Hong Kong Stock Exchange under stock code 1398.
Average Trading Volume: 208,618,809
Technical Sentiment Signal: Buy
Current Market Cap: HK$2859.9B
For detailed information about 1398 stock, go to TipRanks’ Stock Analysis page.