Value Partners Classic Fund Comments on Industrial And Commercial Bank Of China

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Mar 27, 2015

Industrial & Commercial Bank of China (“ICBC”) (HKSE:01398) is the largest commercial bank in China in terms of assets and deposits. An extensive network of over 17,000 branches and a huge customer base gives it both scale and funding advantages. ICBC has a liquid balance sheet, low exposure to interbank, excess reserves and industry high capital adequacy.

From Value Partners (Trades, Portfolio)’ Classic Fund Q4 2014 Commentary.