SEHK:1398Banks
ICBC (SEHK:1398) Valuation: Assessing Impact of Fresh RMB40 Billion AT1 Capital Raise on Growth Prospects
Industrial and Commercial Bank of China (SEHK:1398) just completed a major capital raising, issuing RMB40 billion in undated Additional Tier 1 Capital Bonds. This move increases the bank’s financial cushion for future expansion.
See our latest analysis for Industrial and Commercial Bank of China.
ICBC’s recent surge stands out, with its share price jumping 16.25% over the past month and 35.67% year-to-date, reflecting renewed optimism as capital strength and dividend announcements boost...