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Industrial and Commercial Bank of China
(1398)
Industrial and Commercial Bank of China (1398) vs. iShares MSCI Hong Kong ETF (EWH)
Industrial and Commercial Bank of China Business Overview & Revenue Model
Industrial and Commercial Bank of China Earnings Call Summary
Industrial and Commercial Bank of China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39T | 660.39B | 656.94B | 663.15B | 658.26B | 601.22B |
| Gross Profit | 554.93B | 660.39B | 838.05B | 871.34B | 658.26B | 601.22B |
| EBITDA | 336.79B | 456.37B | 0.00 | 458.73B | 456.22B | 0.00 |
| Net Income | 376.18B | 365.86B | 363.99B | 361.13B | 348.34B | 315.91B |
Balance Sheet | ||||||
| Total Assets | 57.72T | 48.82T | 44.70T | 39.61T | 35.17T | 33.35T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 6.97T | 5.30T | 4.74T | 4.19T | 4.90T |
| Total Debt | 10.87T | 2.60T | 1.90T | 912.97B | 1.28T | 812.89B |
| Total Liabilities | 53.39T | 44.83T | 40.92T | 36.09T | 31.90T | 30.44T |
| Stockholders Equity | 4.30T | 3.97T | 3.76T | 3.50T | 3.26T | 2.89T |
Cash Flow | ||||||
| Free Cash Flow | 253.75B | 543.61B | 1.40T | 1.39T | 339.02B | 1.53T |
| Operating Cash Flow | 285.62B | 579.19B | 1.42T | 1.40T | 360.88B | 1.56T |
| Investing Cash Flow | -2.19T | -1.47T | -891.85B | -910.62B | -674.56B | -1.14T |
| Financing Cash Flow | 1.08T | 415.68B | 285.44B | -64.79B | -11.55B | -46.95B |
Industrial and Commercial Bank of China Technical Analysis
Industrial and Commercial Bank of China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$2.86T | 6.32 | 10.39% | 4.81% | -2.85% | 10.49% | |
75 Outperform | $1.80T | 5.09 | ― | 5.67% | -3.68% | 2.67% | |
73 Outperform | HK$1.18T | 7.89 | ― | 4.26% | -4.57% | 1.77% | |
72 Outperform | $2.87T | 5.72 | 9.40% | 5.46% | -3.35% | 0.58% | |
72 Outperform | HK$2.07T | 5.36 | ― | 5.64% | -4.61% | 0.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$614.33B | 5.01 | ― | 6.06% | -4.42% | -2.55% |
Industrial and Commercial Bank of China Corporate Events
ICBC’s board of directors met in Beijing on 23 December 2025 and approved several governance and policy measures, including a report on the bank’s green finance implementation over the past two years and the 2025 version of its basic compliance management regulations, underscoring a continued focus on sustainability and regulatory discipline. The board also endorsed payment plans for 2024 remuneration for directors and senior management, with independent directors confirming their compliance with state rules and the bank’s articles of association, while the audit committee separately approved a 2024 remuneration plan for supervisors; these proposals will now be put forward to the shareholders’ meeting, signalling incremental but important adjustments to governance, incentive structures and oversight within one of China’s largest banks.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$8.00 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.
Industrial and Commercial Bank of China Limited announced an interim dividend for the six months ending June 30, 2025, with updates on the dividend amount and exchange rate. The dividend is set at RMB 1.414 per 10 shares, with a currency option for payment in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.101486566. The payment date is scheduled for January 26, 2026, with specific tax withholding arrangements for non-resident shareholders, reflecting the bank’s compliance with the Enterprise Income Tax Law of the PRC.
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.
The Industrial and Commercial Bank of China Limited announced that its Board of Directors approved a special donation of HK$10 million to aid disaster relief and reconstruction efforts following the Hong Kong Tai Po fire incident. This decision underscores the bank’s commitment to social responsibility and its proactive role in supporting community recovery efforts.
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.
Industrial and Commercial Bank of China Limited announced an interim cash dividend for the six months ending June 30, 2025, with a declared dividend of RMB 1.414 per 10 shares. The announcement includes details on withholding tax for non-resident shareholders and provides a timeline for dividend-related activities, such as the ex-dividend date and payment date. This update is crucial for shareholders as it outlines the financial benefits and tax implications associated with their investments in the bank.
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.
Industrial and Commercial Bank of China Limited held its Second Extraordinary Shareholders’ Meeting of 2025 on November 28, where a significant number of shareholders participated, representing over 83% of the total voting rights. The meeting, chaired by Mr. Liao Lin, was conducted in compliance with relevant laws and regulations, and all resolutions were voted on both on-site and online, ensuring broad shareholder engagement.
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.
The Industrial and Commercial Bank of China Limited has announced the approval of Mr. Zhao Guide as the Senior Executive Vice President, following the necessary qualifications approval from the National Financial Regulatory Administration. This appointment is expected to strengthen the bank’s executive team and potentially enhance its strategic operations and market positioning.
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.
Industrial and Commercial Bank of China Limited announced the retirement of Mr. Lu Yongzhen from his role as Non-executive Director and various committee memberships due to the expiration of his term. The bank acknowledged his significant contributions to corporate governance and strategic planning, expressing gratitude for his diligent service.
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.
Industrial and Commercial Bank of China Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board has established eight committees to oversee various aspects of the bank’s operations, with specific directors assigned as members or chairpersons of these committees. This announcement highlights the bank’s structured governance approach, which is crucial for maintaining its industry position and ensuring effective oversight and management.
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.
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.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Undated Additional Tier 1 Capital Bonds (Series 2) in the National Interbank Bond Market, raising RMB40 billion. The proceeds from this issuance will be used to replenish the bank’s additional tier 1 capital, enhancing its financial stability and capacity to support future growth.
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.
Industrial and Commercial Bank of China Limited announced an interim cash dividend for the six months ending June 30, 2025, with a declared amount of RMB 1.414 per 10 shares. The announcement includes updates on key dates such as the shareholders’ approval date, ex-dividend date, and payment date, impacting shareholders and market operations by providing clarity on dividend entitlements and financial planning.
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.
Industrial and Commercial Bank of China Limited has announced the scheduling of its second extraordinary shareholders’ meeting for 2025, set to take place on November 28, 2025, in Beijing. The meeting will address key resolutions, including the 2025 Interim Profit Distribution Plan and the Group’s Financial Bond Issuance Plan for 2026. This meeting is significant for stakeholders as it will determine interim dividend distributions and future financial strategies, impacting the bank’s financial positioning and shareholder returns.
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.
The Industrial and Commercial Bank of China Limited has updated its Working Regulations for the Audit Committee of the Board of Directors, effective from 2025. This update aims to enhance corporate governance by refining the decision-making processes and ensuring robust oversight of internal controls, financial information, and audits. The changes are expected to strengthen the bank’s governance structure and improve accountability among directors and senior management.
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.
The Industrial and Commercial Bank of China Limited announced the composition of its board of directors, detailing the roles and functions of each member. This announcement reflects the bank’s commitment to strong governance and strategic oversight, potentially impacting its operational efficiency 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.
The Board of Directors of ICBC convened to approve several key resolutions, including the third quarterly report of 2025, a dividend distribution plan amounting to RMB2.061 billion for domestic preference shares, and a financial bond issuance plan for 2026. Additionally, the board appointed Mr. Zhao Guide as Senior Executive Vice President, pending regulatory approval. These decisions reflect ICBC’s strategic focus on financial stability and leadership continuity, which are crucial for maintaining its competitive position in the banking sector.
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.
The Industrial and Commercial Bank of China Limited has announced the approval of Mr. Duan Hongtao as an Executive Director by the National Financial Regulatory Administration. This appointment is effective immediately, marking a significant addition to the Bank’s Board of Directors, which may influence the Bank’s strategic direction and governance.
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.
Industrial and Commercial Bank of China Limited reported its financial results for the third quarter of 2025, showing a modest increase in operating income and net profit compared to the same period in 2024. The bank’s total assets grew by 8.18% from the end of 2024, indicating a strong financial position. Despite a slight decrease in return on equity, the bank experienced a significant increase in net cash flows from operating activities, highlighting its robust operational performance.
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.
The Industrial and Commercial Bank of China has successfully completed the issuance of its 2025 Total Loss-Absorbing Capacity Eligible Non-Capital Bonds, raising RMB10 billion. This strategic move aims to enhance the bank’s financial resilience and align with regulatory requirements, potentially strengthening its market position and reassuring stakeholders of its robust risk management strategies.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.95 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.
Industrial and Commercial Bank of China Limited has announced it will disclose its 2025 third quarterly results on October 30, 2025, through a teleconference. This event aims to provide investors with a comprehensive understanding of the bank’s financial performance and operating conditions, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.95 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.
The Industrial and Commercial Bank of China Limited has announced a board meeting scheduled for October 30, 2025, to approve the financial results for the nine months ending September 30, 2025, and to discuss dividend payments on preference shares. This meeting is significant as it will provide insights into the bank’s financial performance and strategic decisions, potentially impacting stakeholders and the bank’s market positioning.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.95 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.
The Industrial and Commercial Bank of China held its first Extraordinary Shareholders’ Meeting of 2025 on October 16, where all proposed resolutions were passed. The meeting saw participation from a significant majority of shareholders, with both on-site and online voting methods used, ensuring compliance with relevant laws and regulations. This meeting underscores the bank’s commitment to transparent governance and active shareholder engagement.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.95 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.