Industrial & Commercial Bank of China Ltd.

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href="/web/20160505060059/http://asia.nikkei.com/magazine">Print Edition</a></li> </ul> </div> </div> </div> <div id="content"> <div class="primary"> <div id="a300C"> <span class="sub-title-a300">Asia300</span> <h1 class="title">Industrial & Commercial Bank of China Ltd.</h1> <h4 class="a300ctry">China</h4> <div class="article list-area"> <div class="article-box"> <div class="column-layout feature list no-image no-border"> <div class="feature-article"> <div class="clearfix"> <ul class="base-list-a300 list-link"> <li>Summary </li> <li><a href="/web/20160505060059/http://asia.nikkei.com/Company/05LXLF-E/Historical">Historical data</a></li> </ul> </div> <div class="clearfix"> <div id="a300CR"> <ul class="chart tab-tget"> <li><img data-src="/Company/Chart/Images?quote=%401398%2FHK&term=3m" src="/web/20160505060059im_/http://asia.nikkei.com/images/bg_chart.png"></li> </ul> <script type="text/javascript">  </script> <div class="clearfix"> <ul class="base-list-a300 date tab-trg"> <li id="1d">1m</li> <li id="3m" class="select">3m</li> <li id="6m">6m</li> <li id="1y">1y</li> <li id="2y">2y</li> <li id="5y">5y</li> </ul> </div> <table class="tbla300C mb5"> <tr> <th></th> <th class="date-area">May 4, 2016</th> </tr> <tr> <th>Prev close:</th> <td>4.05</td> </tr> </table> <table class="tbla300C mb5"> <tr> <th></th> <th class="date-area">May 4, 2016</th> </tr> <tr> <th>Market cap:<br>Market cap(USD):</th> <td>1,725.96B<br>222,405.61M</td> </tr> <tr> <th>Shares:</th> <td>356,406.26M</td> </tr> </table> <p class="notes taR">Currency in HKD</p> </div> <div id="a300CL"> <div class="article-box mb20"> <h2 class="titleG">Company profile</h2> <table class="tbla300C tdL"> <tr> <th class="w40">Market(Ticker):</th> <td>HKG(1398)</td> </tr> <tr> <th>Sector:<br>Industry:</th> <td>Finance<br>Major Banks</td> </tr> <tr> <th>Full time employees:</th> <td>466,346</td> </tr> </table> </div> </div> <div id="a300BS"> <div id="co-textbox-lg2" class="article-box"> <h2 class="titleG">Business summary</h2> <p class="text_overflow-bs">Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking and custody activities, corporate wealth management, and corporate intermediary services. The Personal Banking segment provides personal loans, deposit-taking activities, card business, personal wealth management, and personal intermediary services. The Treasury Operations segment involves money market transactions, investment securities, foreign exchange transactions, and the holding of derivative positions. The Others segment represents the leasing services, as well as the assets, liabilities, income, and expenses that are not directly related or cannot be allocated to a segment. The company was founded on January 1, 1984 and is headquartered in Beijing, China.</p> <h2 class="titleG strong02">Company background</h2> <p class="text_overflow-bs">Industrial and Commercial Bank of China (ICBC) is China's largest bank. Established in 1984, ICBC is one of China's four biggest state-owned commercial banks, alongside China Construction Bank, Agricultural Bank of China and Bank of China. ICBC was simultaneously listed on both the Hong Kong Exchange and the Shanghai Stock Exchange on Oct. 27, 2006.<br/> <br/> As of the end of 2014, ICBC had 5.09 million corporate customers and 465 million retail customers. In addition to its 17,000 domestic branches, it has branches in 41 countries.<br/> <br/> ICBC is also focusing on Internet banking. It has strong earning capacity, thanks to its vast customer base and the country's regulated bank deposit rates. ICBC and U.S. bank Wells Fargo are competing head to head for the world's top bank in terms of market capitalization.<br/> <br/> Its revenue mainly comes from its domestic branches. Its subsidiaries include a leasing company as well as an asset management company and an insurer that establish joint ventures with foreign companies. ICBC has also expanded into global markets through acquisitions and other means. It aims to become a global titan on par with financial groups like JPMorgan Chase and Citigroup of the U.S.</p> </div> </div> </div> </div> </div> <div id="a300C2clm" class="two-column"> <div class="article-list"> <h2 class="titleG strong">In the news</h2> <div class="article-box"> <ul> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Markets/Equities/State-linked-players-guide-Shanghai-stocks-behind-the-scenes">State-linked players guide Shanghai stocks behind the scenes</a></h3> <div class="column-layout"> <a href="/web/20160505060059/http://asia.nikkei.com/Markets/Equities/State-linked-players-guide-Shanghai-stocks-behind-the-scenes"> <img src="/web/20160505060059im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/magazine/20160421/20160423_icbc-reuters/4401126-1-eng-GB/20160423_ICBC-reuters_medium_thumbnail.jpg" width="120" alt=""/> </a> <p>HONG KONG -- The Shanghai Composite Index fared poorly this week despite positive signs on the economic front as investors received another reminder of the dangers of a government-driven stock market....</p> <p class="date-area">April 23, 2016 12:27 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Business/AC/Telecoms-telegraph-China-s-ambitions-for-Thailand">Telecoms telegraph China's ambitions for Thailand</a></h3> <div class="column-layout"> <p>BANGKOK -- December's long-delayed and inconclusive spectrum auction in Thailand produced one of the highest bids ever seen globally but has also exposed poor regulation after two winning bids fell th...</p> <p class="date-area">April 20, 2016 2:30 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Politics-Economy/Economy/Beijing-s-funds-buttress-stocks-while-retail-players-hang-back">Beijing's funds buttress stocks while retail players hang back</a></h3> <div class="column-layout"> <p>SHANGHAI -- Funds affiliated with China's government are propping up the stock market, though their growing presence has yet to inspire retail investors. Consider Wutongshu Investment Platform, wh...</p> <p class="date-area">April 19, 2016 1:00 pm JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Markets/Equities/China-s-big-4-banks-still-attractive-despite-weak-results">China's big 4 banks still attractive despite weak results</a></h3> <div class="column-layout"> <p>HONG KONG -- Even though they logged small profit gains for 2015 and face the threat of growing sour loans, the four major Chinese commercial banks still appeal to investors who are now focusing on st...</p> <p class="date-area">April 2, 2016 1:44 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Business/AC/Sour-loans-crimp-Chinese-banks-profits">Sour loans crimp Chinese banks' profits</a></h3> <div class="column-layout"> <p>HONG KONG -- Modest profits growth, dividend cuts, ballooning distressed assets, and loan loss provision ratios almost breaching the regulatory threshold were common symptoms exhibited by all major st...</p> <p class="date-area">April 1, 2016 12:48 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/Politics-Economy/International-Relations/China-proposes-new-Asian-financial-association-to-start-in-July">China proposes new Asian financial association to start in July</a></h3> <div class="column-layout"> <p>BOAO, China -- China plans to debut an Asian financial cooperation association with over 50 institutions and organizations in July, aiming to improve market conditions and give Asian countries a great...</p> <p class="date-area">March 26, 2016 4:00 am JST</p> </div> </li> <li> <h3 class="title"><a href="/web/20160505060059/http://asia.nikkei.com/magazine/20160324-WHAT-DOES-IT-MEAN-FOR-ASIA/Politics-Economy/Fraser-Howie-China-s-debt-swap-plan-isn-t-the-right-solution-for-bad-loans">Fraser Howie: China's debt swap plan isn't the right solution for bad loans</a></h3> <div class="column-layout"> <p>When trying to figure out what is happening in China, the old adage of "watch what they do" rather than "listen to what they say" should never be forgotten. People's Bank of China Gov. Zhou Xiaoch...</p> <p class="date-area">March 24, 2016 12:00 pm JST</p> </div> </li> </ul> <div class="more"> <a href="/web/20160505060059/http://asia.nikkei.com/search/find?search_keyword=%22Industrial+and+Commercial+Bank+of+China+%28ICBC%29%22&cm=Industrial+%26+Commercial+Bank+of+China+Ltd.&facet_company=05LXLF-E">more news for Industrial & Commercial Bank of China Ltd.</a> </div> </div> </div> <div class="sub-area"> <h2 class="titleG">Financial highlights</h2> <p class="date-area taR">Dec 2015</p> <ul class="base-list-a300 tab-trg-f"> <li class="select">Local currency</li> <li>US Dollar</li> </ul> <div class="tab-tget-f"> <div class="tab-tget-el"> <div class="sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Revenue</th> <td>1,300.77B</td> </tr> <tr> <th>Gross profit</th> <td>--</td> </tr> <tr> <th>Operating income</th> <td>441,666.25M</td> </tr> <tr> <th>Income before tax</th> <td>445,169.34M</td> </tr> <tr> <th>Net income</th> <td>341,835.73M</td> </tr> <tr> <th>EBITDA</th> <td>--</td> </tr> <tr> <th>Diluted EPS</th> <td>0.94</td> </tr> <tr> <th>Dividends per share</th> <td>0.02</td> </tr> </table> </div> <div class="sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Total assets</th> <td>26,507.50B</td> </tr> <tr> <th>Total liabilities</th> <td>24,358.57B</td> </tr> <tr> <th>Total equity</th> <td>2,135.74B</td> </tr> </table> </div> <div class="sub-box sub-inr-last"> <table class="tbla300C"> <tr> <th>Operating cash flow</th> <td>1,396.00B</td> </tr> </table> <p class="notes taR">Currency in HKD</p> <div class="more taR"> <a href="/web/20160505060059/http://asia.nikkei.com/Company/05LXLF-E/Historical">Historical data</a> </div> </div> </div> <div class="tab-tget-el hide"> <div class="sub-box sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Revenue</th> <td>167,786.46M</td> </tr> <tr> <th>Gross profit</th> <td>--</td> </tr> <tr> <th>Operating income</th> <td>56,970.27M</td> </tr> <tr> <th>Income before tax</th> <td>57,422.13M</td> </tr> <tr> <th>Net income</th> <td>44,093.19M</td> </tr> <tr> <th>EBITDA</th> <td>--</td> </tr> <tr> <th>Diluted EPS</th> <td>0.12</td> </tr> <tr> <th>Dividends per share</th> <td>0.00</td> </tr> </table> </div> <div class="sub-box sub-box sub-inr"> <table class="tbla300C"> <tr> <th>Total assets</th> <td>3,420.25B</td> </tr> <tr> <th>Total liabilities</th> <td>3,142.98B</td> </tr> <tr> <th>Total equity</th> <td>275,575.00M</td> </tr> </table> </div> <div class="sub-box sub-box sub-inr-last"> <table class="tbla300C"> <tr> <th>Operating cash flow</th> <td>180,070.40M</td> </tr> </table> <p class="notes taR">Currency in USD</p> <div class="more taR"> <a href="/web/20160505060059/http://asia.nikkei.com/Company/05LXLF-E/Historical">Historical data</a> </div> </div> </div> </div> <div class="sub-box"> <h2 class="titleG">Valuation measures</h2> <p class="date-area taR">Dec 2015</p> <table class="tbla300C"> <tr> <th>PER</th> <td>4.92</td> </tr> <tr> <th>ROA</th> <td>1.30%</td> </tr> <tr> <th>ROE</th> <td>16.88%</td> </tr> <tr> <th>Operating margin</th> <td>33.95%</td> </tr> <tr> <th>Profit margin</th> <td>26.27%</td> </tr> </table> </div> <div class="sub-box"> <h2 class="titleG">Key executive</h2> <ul class="point-list lhL"> <li>Vice Chairman & President: Hui Man Yi</li> <li>Chief Information Officer & GM-IT Department: Xiao Xuan Lin</li> <li>Senior Executive Vice President: Xi Quan Wang</li> <li>Senior Executive Vice President: Hong Li Zhang</li> <li>Chief Risk Officer: Guo Xiong Wei</li> </ul> </div> <div class="sub-box js_see-more3"> <h2 class="titleG">Share holders</h2> <ul class="point-list"> <li>Temasek Holdings Pte Ltd. (Investment Management)(10.0%)</li> <li>National Council for Social Security Fund(9.9%)</li> <li>The Vanguard Group, Inc.(2.4%)</li> <li>Hang Seng Investment Management Ltd.(1.8%)</li> <li>BlackRock Fund Advisors(1.8%)</li> <li>Norges Bank Investment Management(1.3%)</li> <li>BlackRock Advisors (UK) Ltd.(1.2%)</li> <li>State Street Global Advisors Asia Ltd.(0.9%)</li> <li>FIL Investment Management (Hong Kong) Ltd.(0.8%)</li> <li>Dimensional Fund Advisors LP(0.7%)</li> <div class="more see-more"><a href="javascript: void(0);">Show more</a></div> <div class="more see-fewer"><a href="javascript: void(0);">Show fewer</a></div> </ul> </div> <div class="sub-box last"> <h2 class="titleG">Address</h2> <ul class="lhL"> <li>Website: http://www.icbc.com.cn</li> <li>Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China</li> <li>Phone: +86.10.6610.8608</li> </ul> </div> <div class="more space"> <a href="/web/20160505060059/http://asia.nikkei.com/info/help-company">Help</a> </div> <p class="copyrightFS taR">Copyright © 2016 FactSet Research Systems Inc. All rights reserved.</p> </div> </div> </div> </div> </div> </div> <div class="secondary"> <div class="link-box a300cpn js_see-more3 "> <h2 class="titleG">Related companies</h2> <ul class="point-list"> <li>ICBC Peru Bank</li> <li>Industrial & Commercial Bank of China Ltd. (Kuwait)</li> <li>Industrial & Commercial Bank of China Ltd. (Riyadh)</li> <li>Industrial & Commercial Bank of China Mexico SA</li> <li>Industrial & Commercial Bank of China (Hebei Branch)</li> <li>Industrial & Commercial Bank of China (Pakistan)</li> <li>Industrial & Commercial Bank of China (Brazil) SA</li> <li>Industrial & Commercial Bank of China (Yangon Branch)</li> <li>Industrial & Commercial Bank of China (Paris Branch)</li> <li>Industrial & Commercial Bank of China (Mumbai Branch)</li> <li>Industrial & Commercial Bank of China Ltd. (Vientiane Branch)</li> <li>Industrial & Commercial Bank of China Ltd. 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