Industrial and Commercial Bank of China Ltd.
Provides retail and corporate banking services, wealth management, treasury operations, and insurance products across China and internationally.
As of Oct 16, 2026
Summary
Industrial and Commercial Bank of China Ltd. (1398) is mainland China's largest bank, providing retail and corporate banking services across consumer loans, deposits, and financial products. The stock is trading at HK$7.59 with a bullish technical bias despite today's 1.4% decline, underpinned by a 46.4% return over the past year and a market capitalisation of HK$2.72 trillion.
Price history
As of Oct 16, 2026
Performance
-1.36%
+1.20%
+3.15%
+9.31%
+27.12%
+46.39%
As of Oct 16, 2026
Technical indicators
- 56.9
- 0.02Bullish
- 50: 7.35 · 200: 6.68Bullish
- HK$7.25 / HK$7.74
Technical Bias
Bullish lean
Industrial and Commercial Bank of China's technical setup shows two bullish signals and one neutral reading. The MACD and moving averages both favour upside momentum, though RSI sits in neutral territory, and this is a derived technical read, not a recommendation.
A transparent read of the indicators below — not a prediction or recommendation.
As of Oct 16, 2026
Fundamentals
- HK$2.72T
- 6.65
- HK$1.01
- 54.82%
- +5.8%
- HK$410B
- 0.14
- HK$5.38 – HK$7.70
- 6.84%
- Oct 9, 2026
- Oct 29, 2026 (11 days)
As of Oct 18, 2026
Upcoming catalysts
- Earnings report
- Earnings report
As of Oct 18, 2026
Latest news
As of Oct 18, 2026
MonkeyTrade's Take on Industrial and Commercial Bank of China Ltd.
Short-term outlook
ICBC's short-term setup leans bullish, with price holding above both the 50-day (HK$7.35) and 200-day (HK$6.68) moving averages and MACD confirming the upward bias, though neutral RSI at 56.9 suggests this isn't a decisive breakout yet. A move through HK$7.74 resistance would strengthen the case, while a slip back to HK$7.25 support would call the trend into question. No earnings are due before then, so near-term direction likely hinges on these technical levels.
Medium-term outlook
ICBC's valuation does a lot of the talking here: a 6.65 P/E alongside 54.8% profit margins and a 6.8% dividend yield suggests the market is underpricing a bank that's still growing revenue at 5.8% a year. With the technical lean also bullish, the medium-term picture tilts constructively. A sustained slowdown in revenue growth would be the signal to revisit that view.
Key risks
- ICBC's low beta of 0.14 suggests the shares move independently of broader market swings, which can also mean limited upside participation when sentiment turns risk-on.
- The stock is trading near the top of its 52-week range at HK$7.59 against a HK$5.38 to HK$7.70 band, leaving less room before hitting new highs and raising the risk of a pullback after such a sharp run.
- News of China's mega banks and insurers seeking at least $53 billion in capital points to potential future share issuance or dilution risk for sector incumbents like ICBC.
- A low PE ratio of 6.65 can reflect ongoing market caution around Chinese financial institutions, meaning the valuation may stay compressed even if fundamentals like the 54.8% profit margin and 5.8% revenue growth
About Industrial and Commercial Bank of China Ltd.
Industrial and Commercial Bank of China Ltd. is one of the largest banks in the world, operating in the diversified banking space within the broader financial services sector. Listed on the Hong Kong Stock Exchange under the ticker 1398, the bank carries a market capitalisation of HK$2.72 trillion, underlining its scale and significance within China's financial system and among global banking peers.
The bank's key figures give a sense of how the market currently views it. A price-to-earnings ratio of 6.65 suggests shares trade at a modest multiple of earnings relative to many global banks. Meanwhile, a dividend yield of +6.8% points to a substantial income return for shareholders at current prices. Together, these figures reflect a large, established institution valued by the market primarily through the lens of earnings and income generation rather than growth expectations.
How to trade Industrial and Commercial Bank of China Ltd.
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AI-assisted research for informational purposes only — not investment advice. Figures are sourced from third-party market data and may be delayed. Do your own research before trading. Your capital is at risk. How we build these pages.