Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Industrial and Commercial Bank of China    601398   CNE000001P37

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Industrial and Commrcl Bank of China : Announcement on the Approval of the Qualification of Directors by the CBRC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/04/2017 | 01:13pm CEST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Stock Code: 1398 USD Preference Shares Stock Code: 4603 EUR Preference Shares Stock Code: 4604 RMB Preference Shares Stock Code: 84602 ANNOUNCEMENT ON THE APPROVAL OF THE QUALIFICATION OF DIRECTORS BY THE CBRC

The Annual General Meeting for the Year 2016 of Industrial and Commercial Bank of China Limited (the "Bank") held on 27 June 2017 elected Ms. Mei Yingchun and Mr. Dong Shi as Non- executive Directors of the Bank. The Bank has recently received the "China Banking Regulatory Commission's Approval in relation to the Qualification of Mei Yingchun of Industrial and Commercial Bank of China" (Yin Jian Fu [2017] No. 277) and the "China Banking Regulatory Commission's Approval in relation to the Qualification of Dong Shi of Industrial and Commercial Bank of China" (Yin Jian Fu [2017] No. 278). Pursuant to the relevant requirements, the qualifications of Ms. Mei Yingchun and Mr. Dong Shi as Non-executive Directors of the Bank have been respectively approved by the China Banking Regulatory Commission (the "CBRC"). The appointment of Ms. Mei Yingchun and Mr. Dong Shi as Non-executive Directors has taken effect. The Bank would like to welcome Ms. Mei Yingchun and Mr. Dong Shi as members of the board of directors of the Bank.

Please refer to the appendices for the biographies of Ms. Mei Yingchun and Mr. Dong Shi. Save as disclosed herein, there are no other matters relating to the appointment of Ms. Mei Yingchun and Mr. Dong Shi that need to be brought to the attention of the shareholders and creditors of the Bank nor is there any information to be disclosed pursuant to other regulatory requirements.

Appendix 1: Biography of Ms. Mei Yingchun Appendix 2: Biography of Mr. Dong Shi

The Board of Directors of Industrial and Commercial Bank of China Limited

Beijing, PRC

4 September 2017

As at the date of this announcement, the board of directors comprises Mr. YI Huiman, Mr. GU Shu, Mr. ZHANG Hongli and Mr. WANG Jingdong as executive directors, Mr. ZHENG Fuqing, Mr. FEI Zhoulin, Mr. CHENG Fengchao, Ms. MEI Yingchun and Mr. DONG Shi as non-executive directors, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Ms. Sheila Colleen BAIR and Mr. SHEN Si as independent non-executive directors.

Biography of Ms. Mei Yingchun

Mei Yingchun, female, Chinese nationality, was born in January 1971.

Ms. Mei Yingchun joined the Ministry of Finance in August 1992 and consecutively worked in the World Bank Department, the Treasury Department and the Tariff Policy Department. She previously worked as Assistant Consultant of the Budget Implementation Division, the Treasury Department in November 2003; Assistant Consultant of the Audit & Supervision Division, the Treasury Payment Centre in September 2004; Deputy Director of the Audit & Supervision Division, the Treasury Payment Centre in October 2005; Director of the Audit & Supervision Division, the Treasury Payment Centre in September 2007. She took office as Deputy Director-General of the Tariff Policy Department (Tariff Policy Research Centre) in November 2011,and was seconded to the World Bank Group as Senior Advisor from September 2014 to September 2016, worked in the Development Partner Relationship Department, Development Finance Unit, International Development Association for the first year, and then worked in the Vice-President Front Office of East Asia and Pacific Region, International Bank for Reconstruction and Development for the second year. Ms. Mei Yingchun obtained a Master's degree in International Affairs from School of International and Public Affairs of Columbia University, and a Ph.D in Economics from Chinese Academy of Fiscal Science (formerly known as the Institute of Fiscal Science, Ministry of Finance).

Biography of Mr. Dong Shi

Dong Shi, male, Chinese nationality, was born in March 1965.

Mr. Dong Shi previously worked as Deputy Division Chief of the Audit and Supervision Bureau of the People's Bank of China from July 1988 to July 1998, made a study visit to the US Federal Reserve in 1994 and Royal Melbourne Institute of Technology in 1996, consecutively worked as Assistant Special Inspector of the State Council, Division Chief of the Supervisory Committee of the Working Commission of Central Level State-Owned Enterprises, and Deputy Head of the Foreign Affairs Bureau of the State-Owned Assets Supervision and Administration Commission from August 1998 to September 2008, and Director of China Reinsurance (Group) Corporation and Director of China Reinsurance Asset Management Co., Ltd. from October 2008 to August 2011, and Non-executive Director of China Construction Bank Corporation from September 2011 to June 2017. Mr. Dong Shi graduated from Renmin University of China and obtained a Master's degree in Economic Law. He is a senior economist and an accountant.

ICBC - Industrial and Commercial Bank of China Limited published this content on 04 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 11:12:11 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INDUSTRIAL AND COMMERCIAL
06/15INDUSTRIAL AND COMMERCIAL BANK OF CH : Chinese Bank extends maturity period of l..
AQ
06/12INDUSTRIAL AND COMMERCIAL BANK OF CH : Chinese Bank extends maturity period of l..
AQ
06/12INDUSTRIAL AND COMMERCIAL BANK OF CH : Chinese Bank extends maturity period of l..
AQ
06/06INDUSTRIAL AND COMMERCIAL BANK OF CH : Uzpromstroybank and ICBC sign framework a..
AQ
06/05China pushes state banks into home rental market at their own risk
RE
05/31What is China's A-share MSCI inclusion on June 1?
RE
05/29INDUSTRIAL AND COMMERCIAL BANK OF CH : PES Holdings, LLC (a/k/a Philadelphia Ene..
AQ
05/25Smaller banks vulnerable when loans sour
AQ
05/25Smaller banks vulnerable when loans sour
AQ
05/25INDUSTRIAL AND COMMERCIAL BANK OF CH : Issue of USD350,000,000 Floating Rate Not..
PU
More news
News from SeekingAlpha
2017CHINA MINSHENG BANK : Negatively Impacted By Weak Asset Quality And Margin Press.. 
2017JD.com, ICBC team up on digital banking services 
2017The Rise Of Asia's Banking Cartels 
2017The World's Most Valuable Brands Trading At Below-Market Valuations 
2017Sifting The Price Difference Between A Shares And H Shares (AH Premium) For V.. 
Financials ( CNY)
Sales 2018 755 B
EBIT 2018 491 B
Net income 2018 303 B
Debt 2018 -
Yield 2018 4,45%
P/E ratio 2018 6,71
P/E ratio 2019 6,22
Capi. / Sales 2018 2,65x
Capi. / Sales 2019 2,44x
Capitalization 1 997 B
Chart INDUSTRIAL AND COMMERCIAL
Duration : Period :
Industrial and Commercial  Technical Analysis Chart | 601398 | CNE000001P37 | 4-Traders
Technical analysis trends INDUSTRIAL AND COMMERCIAL
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 7,39  CNY
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Shu Gu President & Executive Director
Hui Man Yi Chairman
Wen Wu Zhang General Manager-Finance & Accounting
Wei Zhang Member-Supervisory Board & GM-Legal Affairs
Hong Li Zhang Executive Director & Senior Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.06%308 280
JP MORGAN CHASE & COMPANY0.90%367 375
BANK OF AMERICA-0.07%296 880
WELLS FARGO-9.38%267 911
CHINA CONSTRUCTION BANK CORPORATION-5.86%262 973
HSBC HOLDINGS-4.21%191 959