The industrial and commercial bank of china will distribute an interim dividend of HK$0.155291 per share on January 24.

Industrial and Commercial Bank of China (01398) announced that it will distribute a mid-term dividend of 0.155291 Hong Kong dollars per share on January 24, 2025.

Sina Hong Kong Stock ExchangeDec 2 19:52 ET

Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.

Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.

Zhitong FinanceDec 2 18:56 ET

Industrial and Commercial Bank of China (01398.HK) faced shareholding reduction by BlackRock of 73.568 million shares.

According to the latest equity disclosure data from the Hong Kong Stock Exchange on November 27, 2024, the industrial and commercial bank of china (01398.HK) was reduced by BlackRock, Inc. on the exchange at an average price of 4.5822 Hong Kong dollars per share, reducing its stake in 73.568 million shares, with a total amount of approximately 0.337 billion Hong Kong dollars. After the reduction, BlackRock, Inc. now holds 4,323,790,951 shares, and the stake has decreased from 5.07% to 4.98%.

Gelonghui FinanceDec 2 18:17 ET

Express News | SEC Settles Recordkeeping Charges Against Icbc Unit Over Ransomware Attack, Decides Not to Impose a Civil Fine

ReutersDec 2 17:30 ET

Third Extraordinary General Meeting of 2024 Held on 2 December 2024 Poll Results

HKEXDec 2 06:52 ET · Announcements

The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.

① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.

cls.cnDec 1 22:42 ET