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ind & comm bk of china-a (601398) Details

Industrial and Commercial Bank of China Limited provides various financial products and services worldwide. It operates through Corporate Banking, Personal Banking, Treasury Operations, and Others segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. This segment’s products and services include corporate loans, trade financing, deposit-taking, corporate wealth management, custody activities, and corporate intermediary services. The Personal Banking segment provides personal loans and cards, deposit-taking, personal wealth management, and personal intermediary services to individual customers. The Treasury Operations segment is involved in the money market transactions, investment securities, and foreign exchange transactions, as well as holding of derivative positions. The Others segment offers insurance and leasing services. The company also offers e-banking services, including Internet, telephone, mobile, and self-service banking services. Its distribution network consists of approximately 17,245 domestic institutions and 329 overseas institutions, as well as approximately 1,903 correspondent banks. The company, formerly known as Industrial and Commercial Bank of China, was founded in 1984 and is based in Beijing, the People's Republic of China.

441,902 Employees
Last Reported Date: 03/27/14
Founded in 1984

ind & comm bk of china-a (601398) Top Compensated Officers

Vice Chairman, President, Member of Nominatio...
Total Annual Compensation: CNY800.0K
Executive Chairman and Chairman of Strategy C...
Total Annual Compensation: CNY879.0K
Executive Director and Member of Related Part...
Total Annual Compensation: CNY765.0K
Chairman of Board of Supervisors
Total Annual Compensation: CNY802.0K
Shareholder Supervisor
Total Annual Compensation: CNY727.0K
Compensation as of Fiscal Year 2013.

ind & comm bk of china-a (601398) Key Developments

Industrial and Commercial Bank of China Limited Inks Cooperative Agreement with Shenyin & Wanguo Securities Co., Ltd

Industrial and Commercial Bank of China Limited and Shenyin & Wanguo Securities Co., Ltd. (SWS) have inked cooperative agreement to make full use of bilateral resources to form synergy in serving domestic institutional customers, private banks and enterprises. Their cooperation will cover capital custody and settlement, asset management, investment banking, brokerage, funds and bankcards. Both sides are also working out serial plans to develop financial products and building high-end cooperative platforms.

Industrial and Commercial Bank of China Limited Introduces Short Selling of Account-Based Crude Oil

Industrial and Commercial Bank of China Limited has introduced short selling of account-based crude oil in China, that is, selling before buying trade. This trading method meets investment requirements of customers in a diversified market environment. When expecting crude oil price to fall, customers can choose to be short. To be short on paper crude oil, customers must sell account-based crude oil in their first transaction and then buy all or partial tranches of account-based crude oil no more than those sold. Prior to the first selling transaction, customers are required to transfer sufficient fund from their capital account to the margin account denominated in relevant currency. ICBC will freeze the fund in the margin account based on customers' sales quantity until customers buy in to close out, and it will increase or deduct the balance in the margin account based on customers' profit or loss. With 0.1 bucket as the starting point and the minimum increasing unit for both selling and buying account-based crude oil, account-based crude oil, under T+0, can be traded on a real-time basis or through a pending order as long as 120 hours. Customers may apply for trading, pending order and inquiry services through internet banking, mobile banking and telephone banking.

Industrial and Commercial Bank of China Limited Approves Amendment to the Articles of Association

Industrial and Commercial Bank of China Limited announced that at the extraordinary meeting of the board of supervisors, held on July 25, 2014, considered and approved the proposal on the amendment to the articles of association of the company.


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601398:CH CNY3.59 CNY -0.01

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Valuation 601398 Industry Range
Price/Earnings 4.8x
Price/Sales 2.3x
Price/Book 0.9x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful

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