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Industrial and Commercial Bank of China Ltd

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  • Why It's Time to Buy Chinese Bank Stocks Monday, 7 Jan 2013 | 1:40 AM ET
    China Construction Bank branch in Beijing, China

    A turnaround in China's bank earnings seen in the second half of last year is likely to continue into 2013 as the economy improves further, prompting analysts to turn bullish on the sector.

  • Asian Stocks Close Higher; Japan Rallies Wednesday, 26 Dec 2012 | 5:02 AM ET

    Asian shares closed higher on Wednesday in thin holiday trade despite a lack of fresh triggers. Japanese shares managed to outperform, hitting a 9-month high thanks to a weak yen.

  • Asia Mixed; China Hits 3-Year High on PMI Friday, 14 Dec 2012 | 5:03 AM ET

    Asian shares were mixed on Friday with a pick-up in China's manufacturing sector lending support but worries over the progress of U.S. budget talks to avert the "fiscal cliff" weighing on investor sentiment.

  • Zhengzhou Coal Tumbles in HK Debut, Bodes Ill for PICC Tuesday, 4 Dec 2012 | 10:25 PM ET

    Zhengzhou Coal Mining shares tumble in its Hong Kong debut, negatively affecting the underwriters of the $300 million offering, underscoring reduced appetite for new IPOs.

  • Foreign Competition Negative for China Banks  Monday, 12 Nov 2012 | 10:35 PM ET

    Mike Werner, Senior Equity Analyst at Sanford C. Bernstein also said he expects regulation for the Chinese banking sector to accelerate in the next 6 to 12 months.

  • How to Enter the Hong Kong Market  Sunday, 11 Nov 2012 | 6:20 PM ET

    Daryl Guppy, CEO, Guppytraders.com explains why the 20,000 level on the Hang Seng Index is a buying opportunity for investors as it will lead to further upside.

  • HONG KONG, Nov 6- China shares were headed for their worst day since Oct. 26 and weighing on the Hong Kong market, with retail investors worried by a state media report about substantial redemptions of the mainland's exchange-traded funds last week.

  • HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.

  • *Foxconn surges more than 30 pct after Citigroup upgrade. HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential elections spurred mild profit-taking after a strong run-up last week lifted the local benchmark to a 15- month high.

  • HONG KONG, Nov 2- Hong Kong shares jumped to their highest level in 15 months on Friday, as fund inflows into the Chinese territory buoyed hopes of further gains leading into the year's end and encouraged investors to build riskier positions.

  • *HSI up 1 pct, climbs 3.8 pct this month. HONG KONG, Oct 31- Hong Kong shares posted a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • HONG KONG, Oct 31- Hong Kong shares closed out a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • GLOBAL MARKETS-Asian shares rise on growing risk appetite Wednesday, 31 Oct 2012 | 6:25 AM ET

    Key currencies stayed in recent ranges on Wednesday, waiting for developments in Europe on efforts to solve the debt crisis and for the U.S. monthly jobs report on Friday as well as China's official manufacturing PMI on Thursday. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.2 percent lower.

  • Hong Kong shares rise off two-week low, China tepid Wednesday, 31 Oct 2012 | 5:15 AM ET

    *HSI +0.4 pct; CSI300 flat, Shanghai -0.2 pct. *HSI set for Oct gain, CSI300, Shanghai to post monthly loss. HONG KONG, Oct 31- Hong Kong shares bounced off a near two-week low, buoyed by strength in Chinese banks after the largest, Industrial and Commercial Bank of China, posted third-quarter earnings that beat expectations.

  • HONG KONG, Oct 31- China's top four banks are on course for their weakest annual profit growth since going public, as the central bank's interest rate cuts in the middle of the year kick in, slicing lending margins.

  • Chinese banks face scrutiny over profits Wednesday, 31 Oct 2012 | 12:01 AM ET

    "The divergence between banks and the real economy looks too good to be sustainable," said Stanley Li, an analyst with Mirae Asset Securities. Two main factors explained the better-than-expected performance from China's banks.

  • BoJ deflation statement lifts Nikkei Wednesday, 31 Oct 2012 | 12:01 AM ET

    Among active stocks, construction equipment maker Komatsu rallied 3.2 per cent to Y1, 672 on receding concerns over its outlook following second-quarter results. Hitachi jumped 3.2 per cent to Y423 after maintaining its full-year profit forecast.

  • HONG KONG, Oct 31- China's top four banks are on course for their weakest annual profit growth since going public as the central bank's interest rate cuts in the middle of the year kick in, slicing lending margins.

  • *Q3 net profit 62.44 bln yuan vs 59.9 bln yuan view. HONG KONG, Oct 30- Industrial and Commercial Bank of China Ltd, the world's biggest bank, reported a 15 percent rise in quarterly net profit, beating estimates, as interest margins widened due to increased demand for credit.

  • China's ICBC Q3 profit rises 15 pct, beats forecasts Tuesday, 30 Oct 2012 | 8:38 AM ET

    HONG KONG, Oct 30- Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, posted a 15 pe rcent ri se in third-quarter net profit, bea ting estimates, h elped by wider interest margins due to increased demand for credit. Net profit rose to 62.44 billion yuan in July-September from 54.4 billion yuan a year earlier, ICBC said on Tuesday.