Report
Iris Tan
EUR 101.80 For Business Accounts Only

ICBC will benefit from the booming asset-management business in China.

Narrow-moat Industrial and Commercial Bank of China's first-half results reaffirmed our belief that large banks with a strong deposit base and prudent operations like ICBC are the biggest beneficiaries of current financial deleveraging and rising interest rates. Although ICBC is a leading bank in wealth management, its fee-income business was negatively affected by tighter regulations in asset management and intensifying competition in payment and transaction services, and was threatened by the ...
Underlying
Industrial and Commercial Bank of China Limited Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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