Sicher /dabeisein -- IND BANK OF CHINA A0LB42

Wer kann mir helfen? Finde Euro-Kurse im Bildschirmtext des ZDF unter Parkett Frankfurt-Auslandsaktien. Damit wären sie ja gelistet.
Im Infosystem der Deutsche Bank und On-Vista jedoch Fehlanzeige wie auch bei Deutsche Börse. Es sind lediglich 2 Discount-Zertifikate benannt.  

Greetings,

@Dahinter: D= ICK, A0LB42, CN000A0LB420, HK: 1398 (4,62HK$=- 0.645%), SHA:601398


CIB to Be Taken into Constituent Indices on Feb.26(2007-02-06)
          §Industrial Bank Co., Ltd. (CIB) was listed yesterday on the Shanghai Stock Exchange (SSE), with the total market capitalization of A shares reaching RMB79.9 billion. It has met the conditions for large-cap stocks' IPO speedy entry into indices. According to the announcement by the SSE and China Securities Index Co., Ltd. (CSI), CIB will be included on February 26 in the SSE 180 Index, SSE 50 Index, Shanghai Shenzhen 300 Index (SHSE-SZSE300 Index), China Securities 100 Index (CSI100), China Securities 800 Index (CSI800) and China Securities Southern Well-Off Industry Index (Well-Off Industry Index). Meanwhile, China United Travel Company Limited and COSCO Shipping Company Limited will be deleted from the SSE 180 and SSE 50 Indices, respectively. Wuhan Kaidi Electric Power CO., Ltd. (Kaidi) will be deleted from both the SHSE-SZSE300 Index and the CSI800. Besides, SeaRainbow Holding Corp. (SeaRainbow) and Dashang Group Co., Ltd. will be deleted from the CSI100 and the Well-Off Industry Index, respectively. Meanwhile, the China Securities 200 Index and the China Securities 700 Index in the CSI Scale Indices System will also be adjusted accordingly. SeaRainbow will be included in these two indices while Kaidi is to be deleted.  

wirklich weiterhilft ;-))
So wirklich viel Fantasie ist hier ja momentan nicht din...  

als erwartet abgedeckt und es geht aufwärts....ja...  

China's ICBC Overtakes Bank of America in Market Cap (Update1)

By Luo Jun

March 29 (Bloomberg) -- Industrial & Commercial Bank of China Ltd., the nation's biggest, overtook Bank of America Corp. as the world's second-largest bank by market value as China's stocks headed for a record.

Shares of Industrial & Commercial Bank, known as ICBC, surged 7.7 percent to 5.71 yuan at the 11:30 a.m. break in Shanghai, valuing the Beijing-based company at $231.8 billion. That surpassed Bank of America's $227.1 billion and trails only Citigroup Inc.'s $249.8 billion.

The rally came as Citigroup Chief Executive Officer Charles Prince is in Beijing, outlining plans to expand his branch network and build an investment bank in the world's fastest-growing major economy. Prince is vying with ICBC and Bank of China Ltd. for a bigger slice of the nation's $2 trillion of household saving.

``China stands out as a country of unparalleled promise,'' Prince said at a press briefing in Beijing today. He pledged to open 14 branches in the country this year.

Hong Kong-traded shares of state-controlled ICBC have soared 43 percent while domestic shares surged 83 percent since their October debut, as China's economy defied predictions of a slowdown. ICBC has 18,000 branches nationwide and more customers, 153 million, than Russia has people.

Formed in 1984, ICBC has more than 355,000 employees and a network one and half times as large as the 11,000 branches of Bank of China, the country's second-largest by assets. ICBC in December overtook HSBC Holdings Plc as the third-biggest bank by market value, after raising $22 billion in the world's biggest initial public offering in October.

ICBC posted 22 percent profit growth in 2005 and the bank has forecast 2006 net income would rise 26 percent to 47.2 billion yuan ($6.1 billion). It had a return of 0.65 percent on its 6.45 trillion yuan of assets in 2005, compared with 1.65 percent for Citigroup and 1.37 percent for Bank of America.

Beijing-based ICBC reports 2006 earnings on April 3.

To contact the reporter for this story: Luo Jun in Shanghai at jluo@bloomberg.net .  

Chinese Banks

ICBC, China's biggest listed lender, lost 1.4 percent to 5.47 yuan. Bank of China Ltd., the country's second-biggest, slid 1.2 percent to 5.62 yuan. China Merchants Bank Co., the third- biggest, dropped 2.1 percent to 17.18 yuan.

The reserve requirement ratio, the amount banks must hold rather than lend, will rise by 0.5 percentage point to 10.5 percent from April 16, the People's Bank of China said yesterday. The increase, the sixth in less than a year, will remove 170 billion yuan ($22 billion) from the financial system for lending.

Central bank Governor Zhou Xiaochuan wants to cut excess investment as he tries to cool an economy that grew 10.7 percent last year, compared with a government target of 8 percent. Zhou last month raised interest rates to an eight-year high to reduce the risk of loans fueling inflation and asset bubbles.

`Buying Spree'

The CSI 300 Index, previously known as the Shanghai and Shenzhen 300 Index, rose 0.5 percent, set to close at a record for a fifth day. The measure has gained 6.4 percent in the past five days, the third consecutive weekly advance.

Brokerages gained on speculation the climb will spur trading and boost brokerage revenue. Citic Securities Co., China's biggest publicly traded brokerage, advanced 2 percent to 51 yuan. Hong Yuan Securities Co., the country's first publicly traded brokerage, jumped 6.8 percent to 27.02 yuan.

The daily trading value for Shanghai's yuan-denominated A shares averaged 88.1 billion yuan this year, compared with 23.7 billion yuan in 2006, according to data compiled by Bloomberg. Citic Securities on March 15 said profit rose almost sixfold last year.

``Brokerages' first-quarter earnings are likely to be surprisingly strong,'' said Zhang Ling, who manages the equivalent of $1.09 billion at ICBC Credit Suisse Asset Management Co. in Beijing. ``That has prompted a buying spree.''  

'I think all the Chinese banks will easily reach new highs again, because their results are good, (earnings) projections are good and the Chinese economy is also good,' Chan said.



Another blue-chip Chinese bank, ICBC, rose 1.9% to HK$4.41.  

ICBC eyes Travelex
2007-5-9
-

INDUSTRIAL & Commercial Bank of China Ltd, the nation's largest, is in preliminary talks to buy Travelex Ltd, the privately owned operator of the world's biggest airport currency-exchange network, the South China Morning Post said, citing people close to the Chinese lender.

ICBC President Yang Kaisheng and Travelex Chairman Lloyd Dorfman have led several rounds of talks in Hong Kong and Beijing since late last year, the report said.  

..Erhöhg der Leitzinsen wird sich neg auf Banken auswirken
..A shares werden langsamer steigen
..ausser durch US ansonsten kein crash in Sicht in China
viel Glück  

ICBC(Asia) Privatization,M&A Unlikely N/T-Taifook
2007/05/31 12:17
1048 [Dow Jones] STOCK CALL: ICBC (Asia) (0349.HK) will continue to focus its business in HK in near future, and privatization by its parent ICBC (1398.HK) or restructuring "look premature", says Taifook; adds acquisitions in HK "also look unlikely" due to high valuations of listed local banks. Taifook expects ICBC (Asia)''s net profit to grow 15% to HK$1,430 million in FY07. While NIM under pressure due to narrowing Prime-HIBOR spread, impact partly offset by its increased exposure to higher-yielding assets. Notes ICBC (Asia) among beneficiaries of PBOC guidelines which require Chinese firms to deposit their offshore funds in mainland-owned banks pending repatriation into mainland. Adds QDII will be new source of fee income for ICBC (Asia) as its parent has secured US$2 billion quota. Keeps target price at HK$18.60, based on 14.5X FY07 earnings; also keeps Hold call. Stock +1.8% at HK$17.30.(SMG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com (Delayed by 1 hour)  

CBC launches yuan investment service in HK market
May 30, 2007 08:10 Beijing Time

The Industrial and Commercial Bank of China (ICBC) on Tuesday launched a service to help investors buy stocks in Hong Kong with mainland currency, a first step in widening overseas investment scope for domestic lenders.  

Greetings

durch die Situation in US und durch die EZB wird auf längere Sicht die Entscheidung der Chin ZB vereinfacht auch die Zinsen zu erhöhen, dies wird mittelfrstig den Kurs der iCBC nach unten bringen

viel Glück  

1398 ICBC 4.42 0.17 4.00 2,419,120 550,802  

China Fines Six Banks for Lending to Stock Purchases (Update3)

By Josephine Lau

June 18 (Bloomberg) -- China's banking regulator fined six banks for making loans that were illegally invested in shares, the first sanctions announced after a yearlong investigation aimed at cooling speculation and curbing financial risks.

China Merchants Bank Co., Bank of China Ltd. and Industrial & Commercial Bank of China Ltd. were among eight banks cited for failing in their scrutiny of 4.5 billion yuan ($590 million) of loans to China Nuclear Engineering Group and China Shipping (Group) Co., the China Banking Regulatory Commission said today.

The findings were released after China's key stock index closed at a record for the first time in three weeks. China's stocks tumbled the most in 10 years on February 27, after the government announced plans to crack down on lending for share purchases.

``This sends a strong signal that the authorities are serious about cooling the stock market,'' said Chi Lo, director of investment research at Ping An of China Asset Management. ``It's part of government efforts to clean up the assets market, both stocks and real estate.''

The investigation into banks' lending for stock investment ``is still going on,'' said the regulatory commission's spokesman Xia Lingwu after the statement was released. ``It's part of our daily work.''

China's CSI 300 Index, which has tripled in a year, has recovered all its losses from a plunge that followed the government's decision last month to triple the tax on share trades.

Banks Fined

The Beijing-based regulator named China Merchants, Bank of China Ltd. Industrial & Commercial Bank of China Ltd., Shenzhen Development Bank Co., Industrial Bank Co. China Citic Bank Corp., Bank of Beijing and Bank of Communications Co. in its statement today.

Bank of China, ICBC, China Merchants, Shenzhen Development, Industrial Bank and Citic will be fined because they failed to scrutinize loans made to China Shipping, the regulator said. As much as 89 percent of the 2.7 billion yuan of loans to China Shipping were used to apply for stocks in initial public offers, the regulator said.

A sub branch of China Merchants in Shanghai will be banned from making any loans for six months, the CBRC said.

In addition to being fined, the six banks will also have some of their operations halted and senior-level managers removed, the statement said, without providing further details. The State- owned Assets Supervision and Administration Commission, which oversees the government's assets, will deal with China Shipping and China Nuclear Engineering, the bank regulator said.

China Nuclear Engineering

The press office of SASAC, as the state assets agency is known, said it wasn't immediately able to comment.

China Nuclear Engineering, a Beijing-based builder of nuclear power plants, illegally used 87.3 percent of the 2.4 billion yuan it borrowed from lenders including Bank of Beijing and Bank of Communications, the statement said.

Of this amount, China Nuclear invested 612 million yuan in real estate and 132 million yuan in the stock market and other areas. Bank of Beijing is 19.9 percent owned by ING Groep NV.

Bank of Beijing's lapses in monitoring resulted in 30 million yuan of its loans to China Nuclear being illegally diverted to real estate investments, the bank said in an e-mailed statement today.

The bank started investigating loans made by all its branches after the industry regulator found irregularities and punished employees who were found guilty, according to the statement. All the loans that were put to illicit uses have since been returned, it said.

Bank of China has ``stepped up monitoring of loans,'' spokesman Wang Zhaowen said by phone following the statement's release today. Wu Rong, China Nuclear Engineering's corporate secretary, declined to comment.

To contact the reporter for this story: Josephine Lau in Beijing at jlau22@bloomberg.net  

Tips ICBC(1398)
Date 18 / 6
Source Fulbright Securities
  ICBC (01398) China banks have fallen from their January highs and bottomed last week. ICBC reached bottom at $4.00, and has since rebounded for two days. The rebound is still continuing. The share will keep on rising. Buy $4.25 Target $5.00 , Cut loss $4.00  

BROKER CALL - Hong Kong-listed ICBC (Asia) target raised to 26.50 hkd ((+1,3%=16,48))
((ICBC +,9%=4,38))  

HK-listed Titan Petrochemicals H1 net profit more than doubles on one-off

gains

Hong Kong (XFN-ASIA) - Titan Petrochemicals Group Ltd said its first-half net profit surged 132 pct year-on-year to about 152 mln hkd due to one-off gains of 105 mln hkd from disposal of vessels, and strong business growth.

Revenue jumped nearly 19 pct in the six months to June to 7.7 bln hkd from 6.5 bln a year earlier.

Titan is principally engaged in supply of oil products, provision of logistic services and provision of bunker refueling services.

The company said that earnings before interest, tax, depreciation and amortization (EBITDA) for the first half rose 44 pct from a year earlier to 609 mln hkd. Excluding exceptional items, EBITDA increased by 19 pct to 504 mln hkd.

Titan said that operating profit from its oil product supply business surged 109 pct from a year earlier to 216 mln hkd.

The strong performance in this segment was due to volume growth and substantial improvement in profitability, reflecting the benefits of increased integration and synergies with other businesses like storage and bunkering, it said.

Meanwhile, operating profit from the transportation segment declined 31 pct to 193 mln hkd from a year earlier. Excluding vessel disposal gains, it dropped 68 pct to 88 mln hkd.

Storage operations performed very well in the first half, with operating profit surging 22 times to 49 mln hkd.

Operating profit from distribution business rose 12 pct to 16 mln hkd amid growth in volume as well as profitability.

Looking ahead, Titan said it will continue to pursue its transformation plan during the second half of the year.

The company did not declare any interim dividend.

(1 usd = 7.78 hkd)  

09.09.2007 10:55
Bank of China says HK stock direct trading scheme halfway ready - Xinhua

BEIJING (XFN-ASIA) - China has completed at least half of the preparations necessary for mainland residents to invest directly in the Hong Kong stock market, the official Xinhua news agency reported, citing Zhu Min, vice president of the Bank of China (Nachrichten) (BOC).

'The preparations are going smoothly, but there are still many technical problems yet to be addressed,' Zhu was quoted as saying on the sidelines of the Inaugural Annual Meeting of the New Champions hosted by the World Economic Forum in the northeastern Chinese city of Dalian.

'It takes a long time to prepare new software, educate investors and train staff. However, we have no plan to delay' the launch of the scheme.

The State Administration of Foreign Exchange announced on Aug 20 that mainland individuals would be able to directly trade in Hong Kong stocks through Bank of China branches in Tianjin, where the scheme is being trialled, amid efforts to reduce liquidity in the system and moderate the growth of China's foreign exchange reserves.

'Tianjin is the pilot city. It's hard to say if the program will expand to other cities in the future,' Zhu said, in response to reports that the scheme may be expanded to Shanghai and Shenzhen.

According to some reports, the government has held back on approving the scheme's expansion beyond Tianjin because of fears the direct investment program may take away funds from domestic stock markets or compete with the Qualified Domestic Institutional Investor scheme.

'The program will not have a big impact on the sales of (QDII) products as the latter have already been given the go-ahead to invest in almost all global equity markets,' Zhu told Xinhua.

Separately, major domestic securities newspapers reported over the weekend that China Merchants Bank and the Industrial and Commercial Bank of China are also planning to launch their own programs to facilitate trading by mainland investors in Hong Kong stocks.

xfnlj/xfntm

COPYRIGH  

China's ICBC end-Aug assets under custody over one trln yuan

The Industrial and Commercial Bank of China Ltd (ICBC) said assets under custody rose to 1.0868 trln yuan at the end of August, up by 623.5 bln from the beginning of this year.

The bank said in a statement that growth of assets under its custody has been averaging over 80 pct annually since 1998, when it first entered the custodian business.

ICBC added that it has an over 30 pct share in the domestic fund custodian market, while holding market-leading positions in custodian services for insurance assets, corporate annuity funds and funds under the Qualified Domestic Institutional Investors (QDII) scheme.

(1 usd = 7.53 yuan)  

2007-9-18   12:04:00 p.m. HKT, XFNA
China's Industrial and Commercial Bank raised to ""buy"" on earnings boost - UBS



HONG KONG (Thomson Financial) - UBS has on Tuesday raised its recommendation on Industrial and Commercial Bank of China Ltd (ICBC) to ""buy"" from ""neutral"" on optimism that its current push to boost its retail banking business would lift earnings at the nation's biggest lender by assets.

UBS also raised the Chinese lender's target price and net profit forecast for this year.

ICBC's target price was upgraded to 6.30 Hong Kong dollars from 5.40 previously, while its 2007 net profit forecast was increased to 79.8 billion yuan from 73 billion yuan, UBS said in a report.

In the first-half of the year, ICBC's net profit rose 61 percent to 41 billion yuan, boosted by loan and fee income.

The consolidation of ICBC's 16,800 branches, the operation of more wealth management outlets and an increase in the salaries of its employees would drive its retail banking business, including credit card sales, lending to small and medium-sized enterprises and electronic banking, it said.

The Chinese lender plans to invest 2 billion yuan a year in the next three years to double the number of its wealth management outlets from 3,000 at present, UBS said.

""Rising investment should help drive increasing contribution from retail banking,"" it said. Retail banking contributed about 36 percent of ICBC's pretax profit in the first-half.

Rising treasury yields and lower funding costs, which would drive up ICBC's net interest margin, and the booming stock market would also improve earnings this year, it said.

Fees from stock market-related services, trust, securities brokerage and custodianship had contributed about 43 percent of ICBC's fee income in the first-half.

ICBC last traded at 5.03 Hong Kong dollars, down 1 cent or 0.2 percent.

Established in 1984, ICBC is the biggest credit card issuer in the mainland with over 10 million issued as of end-2006. It has a strong foothold in wealth management, handling over 170 million individual accounts at the end of last year.  

2007-9-25   08:24:00 a.m. HKT, XFNA
China asks US to grant licenses to Chinese banks - report



HONG KONG (Thomson Financial) - China has asked the US to grant licenses to Industrial and Commercial Bank of China (ICBC) and other mainland banks to operate in the US, the Financial Times reported Tuesday, citing China Banking Regulatory Commission chairman Liu Mingkang.

In turn, China will allow international investors to buy bigger stakes in Chinese banks, the newspaper said.

ICBC, China's biggest bank by assets, and China Merchants Bank have applied for licenses to open branches in the US.

""Bilateral cooperation is very important if we want to broaden our market entry policies and open the door much wider,"" Liu said in an interview with the Financial Times.

Faster growth in China is attracting the interest of foreign banks and other industries that want to cash in on its rising number of wealthy consumers. The Chinese economy will probably expand 11.2 percent this year, according to the Asian Development Bank, which recently raised its 2007 growth estimate from 10 percent.

Bank of China and Bank of Communications are the only Chinese banks with licensed branches in the US, the newspaper said. Other banks have representative offices but are not allowed to open branches, it said.



jun.ebias@thomson.com je/jm/jg ICBC  

1398 ICBC 5.71 0.26 4.77 2,260,383 400,542  

Industrial and Commercial Bank of China Ltd (ICBC) rose 9 cents or 2.1 percent to 4.37 dollars. Morgan Stanley has raised its price targets for ICBC, China's largest bank by assets, and other Chinese banks on their earnings growth outlook.

1398 ICBC 5.91 +0.19 +3.32% 1,883,277 321,558  

1398 ICBC 6.4 0.41 +6.84% 3,571,135 573,007