China's Biggest Bank Still Seen as Undervalued at $325 Billion
- ICBC shares have almost doubled since early 2016 in Hong Kong
- Benefits from shadow banking curbs, improving asset quality
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The world’s largest lender by assets has seen a near doubling of its share price in less than two years.
Now, a growing chorus of analysts argue that improving asset quality, a shadow-banking crackdown and international comparisons could justify a still-higher valuation for Industrial & Commercial Bank of China Ltd., currently worth HK$2.54 trillion ($325 billion).