Industrial And Commercial Bank Of China (SEHK:1398) Valuation Revisited As Recent Returns Draw Fresh Investor Attention

Yahoo Finance03:10

Market Chatter: UK, China to Revive Business Dialogue During Prime Minister's Visit to Beijing

MT NewswiresJan 23 20:25

ICBC Wenzhou Branch fined 1.85 million yuan for inaccurate loan statistical classification and other issues.

BlueWhale News, January 23rd, reported that recently, the Wenzhou Regulatory Branch of the National Financial Supervisory Authority issued a penalty notice targeting the Wenzhou Branch of ICBC and its relevant responsible persons. The notice indicated that the main illegal and regulatory violations (case reasons) of the Wenzhou Branch of ICBC were: inaccurate loan statistical classification; improper allocation of floating profits and fees. In response to the aforementioned illegal and regulatory violations, the Wenzhou Regulatory Branch of the National Financial Supervisory Authority imposed a fine of 1.85 million yuan on the branch and issued warnings to Cai Xiuqian and Zheng Dabo.

lanjinger.comJan 23 16:03

The Binhu Sub-branch of ICBC Wuxi was fined 750,000 yuan for engaging in improper practices to issue loans.

Blue Whale News, January 23rd, reported that recently, the Wuxi Regulatory Branch of the National Financial Supervisory Authority issued a penalty notice targeting the Wuxi Binhu Sub-branch of ICBC and its relevant responsible persons. The notice showed that the main illegal and regulatory violations (case reasons) of the Wuxi Binhu Sub-branch of ICBC were: issuing loans through improper means. In response to the aforementioned illegal activities, the Wuxi Regulatory Branch of the National Financial Supervisory Authority fined the institution 750,000 yuan; Ye Peng (then the president of the Wuxi Binhu Sub-branch of ICBC) was given a warning and fined 60,000 yuan.

lanjinger.comJan 23 11:21

Thunes and UnionPay International Launch Instant Money Transfers to China's Mainland

PR NewswireJan 22 16:00

China Galaxy Securities: Implementation of Six Fiscal and Financial Policies; Focus on Structural Optimization and Spread Improvement

In an environment of low interest rates and the accelerating inflow of medium- to long-term capital, the banking sector's attributes of high dividend yields and low valuations continue to attract long-term investors such as insurance funds, driving a revaluation and pricing restructuring.

Zhitong FinanceJan 22 11:06