MS-ICBC@EC2607B

ICBC Sharesholders' Meeting Approves 2025 Audited Accounts and Profit Distribution Plan

ICBC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue HKD 247.31 B, EPS HKD 0.2947

ICBC Successfully Issued a 300 Billion Yuan Perpetual Bond

ICBC Provides Financial Support to Boost Development of Humanoid Robots

Shenzhen Launches One-Click Tax Refund Service for International Tourists

ICBC Completes First HK IPO RMB Repatriation for a Semiconductor Company

BlackRock Reduces Stake in Industrial and Commercial Bank of China H Shares

GuoTai Hantong Establishes Green Strategic Emerging Industries Venture Capital Fund with ICBC and Others

Eastern Air 获 ICBC Support for A-Share Repurchase

ICBC Issued 50 Billion RMB Tier 2 Capital Bonds

Establishment of Suzhou GTHD ZH New Manufacturing Equity Investment Partnership

BOC International Upgrades ICBC Target Price to 9.21 HKD

ICBC Reports Revenue and Profit Growth in 2025 Financials

UBS Report: ICBC Shows Robust Q4 and FY Performance with Expanding Net Interest Margin

ICBC Advances AI+ Initiative to Explore New Paradigm of Financial Innovation

ICBC Reports 2025 Annual Performance: Net Profit Grew 0.7%, Assets Exceeded 50 Trillion Yuan

State-owned Banks Post Slight Profit Gains and Lower Dividends in 2025

ICBC Releases its 2025 Sustainable Development Report

ICBC's Wealth Management Unit Profit Rises 15.12% in 2025

ICBC reports a 1% increase in net profit to 370.8 billion yuan in 2025 fiscal year

QINGDAO HLDGS

QIANHAI HEALTH

GUOXIA TECH

BITSTRAT HLDGS

KIN SHING HLDGS

AV CONCEPT HOLD

DATRONIX HOLD

HAITIAN ANTENNA

PRODUCTIVE TECH

INVESTECH HLDGS

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Zacks Research has upgraded Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) to a "hold" rating. The stock opened at $18.44, with a market cap of $328.61 billion and a PE ratio of 6.63. The bank reported a quarterly EPS of $0.76, exceeding estimates, and had a revenue of $27.56 billion. Analysts expect a 3.01 EPS for the current fiscal year. ICBC is one of the largest banks globally, offering a range of financial services.

Market Beat

ICBC

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

Huaan CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Hwabao WP CSI Banks ETF

WP CSI Banks ETF

ChinaAMC CSI Banks ETF

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Rating Increased to Hold at Zacks Research

Industrial and Commercial Bank of China (HK:1398) held its First Extraordinary Shareholders’ Meeting of 2026 on April 23, with 7,015 shareholders present, representing 83.06% of total voting shares. The meeting adhered to PRC company law and corporate governance standards, with all proposals voted on via a combination of on-site and online methods. Analysts rate the stock as a Buy with a target price of HK$8.00. The bank, a major state-owned entity, offers a full range of banking services and has a market cap of HK$2990.2B.

Tip Ranks

Computershare Limited

ICBC Reports Strong Turnout and Poll Results at 2026 Extraordinary Shareholders’ Meeting

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The Hang Seng Index closed at 26,394 points, up 33 points or 0.1%; the Hang Seng Tech Index reported 5,028 points, down 37 points or 0.7%. Among the actively traded blue-chip stocks, CCB, CATL, ICBC, BANK OF CHINA, and KANGLONG Composite Board reached new highs, with CATL rising over 5%

AASTOCKS

CATL

BANK OF CHINA

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Hang Seng Index

Hang Seng TECH Index

Bank Of China

KB LAMINATES

Hang Seng China Enterprises Index

BABA-W

Alibaba

TENCENT

HKEX

XIAOMI-W

ZTO EXPRESS-W

ZTO Express

SUNNY OPTICAL

NUOBIKAN

PEGBIO CO-B

XIAOCAIYUAN

CATL HK SDR 30to1

BOC HONG KONG

Bank of China

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

The "Half-Day Express" reported that the Hang Seng Index closed at 26,394 points, up 33 points; the Hang Seng Tech Index closed at 5,028 points, down 37 points. CATL rose over 5%, while CCB, CATL, ICBC, BANK OF CHINA, and Kintor Holdings reached new highs

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Industrial and Commercial Bank of China (ICBC) has successfully raised RMB30 billion through the issuance of its 2026 Undated Additional Tier 1 Capital Bonds. The bonds, approved by regulators, feature a 2.01% distribution rate for the first five years, with proceeds aimed at enhancing the bank's capital adequacy and loss-absorbing capacity. The issuance reflects ICBC's strategy to leverage capital markets for strengthening its balance sheet. Analysts currently rate ICBC stock as a Buy with a target price of HK$8.00.

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

ICBC Raises RMB30 Billion Through Additional Tier 1 Bond Issuance

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The Hang Seng Index closed at 26,361 points, up 200 points or 0.8%; the Hang Seng Tech Index reported 5,065 points, up 22 points or 0.5%. The total market turnover was HKD 241.463 billion. Among the active blue-chip stocks, Tencent rose 2.4%, and China Construction Bank reached a new high; Xinyi Solar increased by over 6%, and Jingwei Technology also hit a new high. Overall market performance was positive, although some stocks, such as PetroChina, fell by 3.3%

PETROCHINA

XINYI SOLAR

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FI CSOP HSI

FI2 CSOP HSI

The Hong Kong Index closed at 26,361 points, up 200 points; the Hang Seng Tech Index closed at 5,065 points, up 22 points. XINYI SOLAR rose over 6%. CCB, ICBC, BANK OF CHINA, Jingwei TianDi, and NUOBIKAN (new) reached new highs with active trading

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China's Ministry of Finance will issue special treasury bonds for capital injection into central financial institutions on May 22 and June 12, with maturities of five and seven years. This is part of the second round of state capital injections into major state-owned banks, totaling 800 billion yuan, aimed at establishing a systemic capital protection framework. The upcoming 300 billion yuan injection will follow a 'one bank, one policy' approach, focusing on the Industrial and Commercial Bank of China and the Agricultural Bank of China.

CoinLive

China Merchants CSI BANK AH Price ETF

China Southern CSI Banks ETF

China to Issue Special Treasury Bonds for State Bank Capital Injection

The three major A-share indices rose in early trading, with the Shanghai Composite Index up 26 points or 0.7% to 4,079 points. The performance of domestic bank stocks was strong, with ICBC and CCB rising 1.3% and 3.3% respectively. CATL fell nearly 4% against the trend. The central parity rate of the RMB against the US dollar was reported at 6.8648, and the loan market quoted interest rate remained unchanged. International oil prices rose, with CNOOC and PetroChina both down 0.7%. Optical communication concept stocks all hit the daily limit, showing a prosperous trend in the optical fiber industry

SSE Index

Shenzhen Index

ChiNext

BYD COMPANY

CNOOC

SMIC

Hua Hong

HUA HONG SEMI

Cambricon

HIKVISION

TDii

Yunnan Germanium

WG Tech

Tellhow

SSET

Boyun New Materials

QIFAN

BYD HK SDR 10to1

BYD Company

BYD Company Limited

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PetroCN HK SDR 1to2

SMIC HK SDR 5to1

The three major A-share indices of Shanghai and Shenzhen rose in the first half of the day, with the banking stocks driving the Shanghai Composite Index higher, while CATL fell nearly 4% against the trend

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Year-to-date, shares of major state-owned banks such as CCB, ICBC, and Bank of China have shown strong performance in the H-share market, collectively reaching new highs in mid-April. The A-H share premium index stood at 118.38 points. Typically, H shares trade at a discount exceeding the market average, with discounts ranging from approximately 15% to 25% compared to A shares. Southbound capital and funds with state ownership backgrounds have continued to increase their holdings. PSBC's H shares were repeatedly purchased, with net inflows from southbound capital reaching HK$191 million on a single day in mid-April

Wallstreetcn

PSBC

PING AN

Ping An

PING AN-R

Ping An Insurance

Major State-Owned Banks' H Shares Hit New Highs as Southbound Capital and State-Backed Funds Continue to 'Scour'

BACHY

Recently, the average annualized yield of bank wealth management products has continued to decline. According to data from Puyi Standard, the yield in March was 1.01%, down from 2.11% in February and 3.71% in January. Analysts indicate that the downward trend in yields is primarily driven by adjustments in the interest rate environment and a weakening ability of assets to generate returns. The overall downward shift in the bond market yield curve has lowered the central tendency of wealth management product returns. Additionally, volatility in the equity market has affected the performance of hybrid products

China Construction Bank

Average Annualized Yield of Bank Wealth Management Products Declines for Two Consecutive Months

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UBS released investment ratings and target prices for domestic bank stocks, including Industrial and Commercial Bank of China (Buy, 7.79 RMB), China Construction Bank (Buy, 10.2 RMB), Agricultural Bank of China (Neutral, 5.85 RMB), Bank of China (Buy, 5.9 RMB), China Merchants Bank (Neutral, 56 RMB), Postal Savings Bank of China (Neutral, 6.1 RMB), Bank of Communications (Buy, 8.6 RMB), CITIC Bank (Buy, 9.3 RMB), Minsheng Bank (Buy, 5.3 RMB), Chongqing Rural Commercial Bank (Buy, 8.35 RMB), and Huishang Bank (Sell, 3.25 RMB)

CQRC BANK

MINSHENG BANK

CITIC BANK

CNCB

HUISHANG BANK

Chongqing Rural Commercial Bank

ChinaAMC SSE Financials Sector ETF Initiating Fund

CM BANK

BANKCOMM

China Merchants Bank

Bank Of Communications

CMBC

UBS's Investment Ratings and Target Prices for Chinese Bank Stocks (Table)

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The Hang Seng Index closed at 25,872 points, up 211 points or 0.8%; the Hang Seng TECH Index reported 4,851 points, up 29 points or 0.6%. The total market turnover was HKD 236.776 billion. Among the active heavyweights, POP MART rose over 6%, while JD LOGISTICS, Bank of China, ICBC, and others reached new highs

ASMPT

JD LOGISTICS

CIDI

POP MART

According to the "All-Day Express," the Hang Seng Index closed at 25,872 points, up 211 points; the Hang Seng TECH Index closed at 4,851 points, up 29 points. POP MART rose over 6%, JD LOGISTICS, Bank of China, ICBC, CIDI, and ASMPT reached new highs with active trading

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The Hang Seng Index closed at 25,770 points, up 109 points or 0.4%; the Hang Seng Tech Index reported 4,830 points, up 8 points or 0.2%. Among the active heavyweights, Meituan fell 2.4%, Alibaba rose 1.1%, and Tencent dropped 0.2%. Pop Mart rose 6%, and JD Logistics hit a new high, rising 4.2%. Bank Of China and ICBC also reached new highs, rising 1% and 0.7% respectively. Among small and medium-sized stocks, UNISOUND rose 34.9%

Meituan

UNISOUND

MEITUAN

The Half-Day Report: The Hang Seng Index closed at 25,770 points, up 109 points; the Hang Seng Tech Index closed at 4,830 points, up 8 points. Pop Mart rose over 6%, JD Logistics, Bank of China, ICBC, CIDI, and ASMPT reached new highs

ICBC announced the completion of the issuance of 2026 subordinated capital bonds (Phase I), with an issuance scale of 50 billion RMB, a term of ten years, and a conditional issuer redemption right at the end of the fifth year, with a coupon rate of 2%

ICBC has completed the issuance of RMB 50 billion in capital bonds at an interest rate of 2%

TSMC

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Taiwan Semiconductor(TSM.US). For our earnings analysis, please see 'TSMC: the real heavyweight in AI — who would say no?'.Key takeaways from the call are summarized below. We highlight capex plans and spending mix.a) Capex: for 2026, raised to $52-56bn (+$11-15bn YoY), vs prior street $48-50bn. Allocation: 70-80% for advanced nodes, ~10% for specialty technologies...

TSM (Trans): Capex to rise by tens of billions YoY, a decision made after talks with downstream customers.

MS-ICBC@EC2607B(28469.HK)

MS-ICBC@EC2607B Stock Performance Chart

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Rating Increased to Hold at Zacks Research

ICBC Reports Strong Turnout and Poll Results at 2026 Extraordinary Shareholders’ Meeting

The "Half-Day Express" reported that the Hang Seng Index closed at 26,394 points, up 33 points; the Hang Seng Tech Index closed at 5,028 points, down 37 points. CATL rose over 5%, while CCB, CATL, ICBC, BANK OF CHINA, and Kintor Holdings reached new highs

ICBC Raises RMB30 Billion Through Additional Tier 1 Bond Issuance

The Hong Kong Index closed at 26,361 points, up 200 points; the Hang Seng Tech Index closed at 5,065 points, up 22 points. XINYI SOLAR rose over 6%. CCB, ICBC, BANK OF CHINA, Jingwei TianDi, and NUOBIKAN (new) reached new highs with active trading