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

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ind & comm bk of china-a (601398) Related Bloomberg News

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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, and Treasury Operations 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, and deposit-taking activities; corporate wealth management services; and custody activities, various corporate intermediary services, etc. The Personal Banking segment provides personal loans and cards, deposit-taking, personal wealth management, personal intermediary services, etc. 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 company also offers e-banking services, including Internet, telephone, mobile, and self-service banking services; and fund, insurance, and leasing services. Its distribution network consists of approximately 17,094 domestic institutions and 404 overseas institutions, as well as approximately 1,611 correspondent banks. The company was formerly known as Industrial and Commercial Bank of China. Industrial and Commercial Bank of China Limited was founded in 1984 and is based in Beijing, the People's Republic of China.

466,346 Employees
Last Reported Date: 04/22/16
Founded in 1984

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

Chairman of the Board, President, Chairman of...
Total Annual Compensation: CNY448.0K
Senior Executive Vice President
Total Annual Compensation: CNY403.2K
Senior Executive Vice President
Total Annual Compensation: CNY403.2K
Senior Executive Vice President, Executive Di...
Total Annual Compensation: CNY403.0K
Compensation as of Fiscal Year 2015.

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

Industrial and Commercial Bank of China Limited Announces Executive Changes

The board of directors of Industrial and Commercial Bank of China Limited approved the appointment of Mr. Guan Xueqing as Board Secretary, Company Secretary and Authorized Representative of the Bank pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited on 31 May 2016. The appointment of Mr. Guan Xueqing as Board Secretary, Company Secretary and Authorized Representative of the Bank took effect pursuant to the relevant regulations. Mr. Hu Hao shall cease to serve as Board Secretary, Company Secretary and Authorized Representative of the Bank pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to work reasons. Pursuant to the Resolutions of the Board of Directors dated 31 May 2016, Mr. Hu Hao shall continue to perform his aforementioned duties until the appointment of Mr. Guan Xueqing takes effect.

Industrial and Commercial Bank of China Limited Announces Executive Changes

The board of directors of Industrial and Commercial Bank of China Limited approved the appointment of Mr. Wang Bairong as Chief Risk Officer of the Bank on May 31, 2016. Mr. Wei Guoxiong shall cease to serve as Chief Risk Officer of the Bank due to his age. Pursuant to the Resolutions of the Board of Directors dated 31 May 2016, Mr. Wei Guoxiong shall continue to perform his duties as Chief Risk Officer of the Bank until the appointment of Mr. Wang Bairong takes effect.

Industrial and Commercial Bank of China Limited Announces Resignation of Wang Xiquan as Executive Director

Mr. Wang Xiquan, Executive Director and Senior Executive Vice President of Industrial and Commercial Bank of China Limited (the “Bank”), due to change of job assignment, has tendered his resignation to the board of directors (the “Board”) of the Bank on 20 July 2016, resigning from the positions as Executive Director of the Bank, member of the Related Party Transactions Control Committee of the Board as well as Senior Executive Vice President of the Bank. Mr. Wang Xiquan has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank. Since Mr. Wang Xiquan joined the Bank in 1985, he has performed his duties diligently and conscientiously during his tenure of service and has made important contributions in areas including corporate governance, board operation, business development, risk management and internal audit, human resources management and advancement of the international and diversified strategy.

 

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601398

Industry Average

Valuation 601398 Industry Range
Price/Earnings 5.4x
Price/Sales 2.5x
Price/Book 0.8x
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful
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