A Man Walks Past An ICBC Branch In Guangzhou

A Man Walks Past An ICBC Branch In Guangzhou

Brent Lewin/Bloomberg

A man walks past an Industrial & Commercial Bank of China Ltd. (ICBC) branch in Guangzhou. Concern that profitability will decline further dragged shares of ICBC and its four biggest rivals down by an average 7.3 percent this year, compared with the benchmark Hang Seng Index’s 2.5 percent drop. The lenders are trading at an average 4.8 times estimated 2014 earnings, near the lowest valuations on record.