Where is ICBC Listed?

ICBC stands for Industrial and Commercial Bank of China. It is the largest bank in the world by assets, and it is also one of the most profitable. ICBC is a state-owned bank, and it plays a major role in the Chinese economy. The bank is headquartered in Beijing, and it has branches in over 40 countries around the world.

History of ICBC

ICBC was founded in 1984. It was formed by the merger of several smaller banks, and it quickly became one of the largest banks in China. In the 1990s, ICBC began to expand its operations overseas. The bank opened branches in Hong Kong, Singapore, and London. In 2006, ICBC became the first Chinese bank to be listed on the New York Stock Exchange.

Where is ICBC Listed?

ICBC is listed on the following stock exchanges:

• Shanghai Stock Exchange (SSE)
• Hong Kong Stock Exchange (HKEX)
• New York Stock Exchange (NYSE)

The bank's shares are traded under the following symbols:

• SSE: 601398
• HKEX: 1398
• NYSE: BID

ICBC's Share Price Performance

ICBC's share price has performed well in recent years. The bank's shares have outperformed the Chinese stock market as a whole. In 2023, ICBC's share price rose by over 20%.

ICBC's Financial Performance

ICBC is a very profitable bank. The bank's net income in 2022 was over $50 billion. ICBC's financial performance is expected to continue to be strong in the coming years.

ICBC's Role in the Chinese Economy

ICBC plays a major role in the Chinese economy. The bank is the largest creditor to Chinese businesses and households. ICBC also plays a role in the Chinese government's economic policies. The bank is often used to finance major infrastructure projects.

Conclusion

ICBC is a major global bank. The bank is listed on the Shanghai Stock Exchange, the Hong Kong Stock Exchange, and the New York Stock Exchange. ICBC's share price has performed well in recent years. The bank's financial performance is expected to continue to be strong in the coming years. ICBC plays a major role in the Chinese economy.

Frequently Asked Questions

Q: What is ICBC?
A: ICBC stands for Industrial and Commercial Bank of China. It is the largest bank in the world by assets.

Q: Where is ICBC headquartered?
A: ICBC is headquartered in Beijing, China.

Q: When was ICBC founded?
A: ICBC was founded in 1984.

Q: How many branches does ICBC have?
A: ICBC has over 40 branches in over 40 countries around the world.

Q: What is ICBC's role in the Chinese economy?
A: ICBC plays a major role in the Chinese economy. The bank is the largest creditor to Chinese businesses and households.