Industrial And Commercial Bank Of China Limited (ICBC) has recently achieved progress in business cooperation and internationalization, while its A-share price has faced downward pressure.
Recent Developments: ICBC has made multiple advances in business partnerships and global expansion. On February 12, 2026, acting as the lead underwriter, ICBC successfully assisted CIMB Bank of Malaysia in issuing its first Panda bond of the year, raising 3 billion yuan with a two-year maturity. This initiative is expected to deepen financial cooperation between China and Malaysia and promote the internationalization of the renminbi. On the same day, ICBC held working talks with CITIC Group and signed a comprehensive strategic cooperation agreement. The two parties will strengthen collaboration in areas such as comprehensive finance and technological innovation to jointly support national strategic objectives. Additionally, on February 10, 2026, ICBC organized a symposium titled "Trade Finance Facilitating Circulation and Boosting Consumption," bringing together government departments, industry associations, and corporate representatives to discuss measures for expanding domestic demand and stimulating consumption, with a focus on innovating financial services in trade and circulation scenarios. In terms of business adjustments, effective February 7, 2026, ICBC implemented dynamic quota management for its如意金积存业务 and suspended non-trading day precious metals repurchases during the Spring Festival holiday to enhance risk control.
Recent Stock Performance: In terms of market performance, ICBC's A-shares (601398) have recently been under pressure. As of the close on February 12, 2026, the stock price stood at 7.18 yuan, down 1.51% for the day, with intraday fluctuations between 7.17 yuan and 7.30 yuan. Over the past five trading days, the stock declined by 1.64%, bringing the year-to-date loss to 9.46%. In terms of capital flows, net outflows from major investors amounted to approximately 300 million yuan on February 12, while retail investors recorded slight inflows, reflecting significant short-term selling pressure. Technical analysis indicates that the stock is in a phase of consolidation near support levels around 7.18-7.20 yuan, with resistance observed near 7.30-7.32 yuan. Although the MACD indicator has shown slight improvement, trading volume remains low, suggesting limited momentum for a rebound. In contrast, ICBC's H-shares (01398) have demonstrated relative stability, rising 0.62% over the past five days, though they also declined by 0.91% on February 12. Overall, the banking sector has exhibited weakness recently, with the A-share large state-owned bank sub-index falling 1.75% over the past five trading days.
Institutional Perspectives: A market analysis report dated February 9, 2026, indicated that sentiment toward ICBC-related news is neutral to slightly positive, though lacking significant catalysts. From a technical standpoint, short-term rebound potential exists, but the medium-term trend remains weak, with expectations that the stock will fluctuate within a range of 7.22-7.35 yuan. It should be noted that this perspective is based on general market sources, and investors are advised to refer to authoritative institutional research reports for more reliable guidance.
Comments