Industrial And Commercial Bank Of China Ltd Class H
01398: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$5.00 | Qggfc | Cvpblrhd |
ICBC Still Faces Significant NIM Pressures in First Half 2024
Business Strategy and Outlook
Industrial and Commercial Bank of China is China's largest bank. The bank has a long-established reputation for mass-market retail banking and enjoys low funding costs in the industry. We believe its strong deposit base and lower-than-peer deposit costs will continue to support stable funding and loan growth in the future.