Industrial and Commercial Bank of China stock holds near Daiwa target after green bond issue

Published on 09/20/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Industrial and Commercial Bank of China stock closed at HKD 7.52 on September 18, 2026, just 3.7 percent below Daiwa’s HKD 7.80 target. The lender also issued a RMB 20 billion green financial bond in mid-September 2026, underscoring its role in China’s sustainable finance push.

ICBC, CNE1000003G1, Illustration mit AI erstellt.

Industrial and Commercial Bank of China stock (ISIN CNE1000003G1) closed at HKD 7.52 on September 18, 2026, on the Hong Kong Stock Exchange, leaving the shares 3.7 percent below Daiwa’s HKD 7.80 price target as reported on September 20, 2026.

Daiwa keeps ICBC stock at Hold with HKD 7.80 target

According to The Globe and Mail on September 20, 2026, Daiwa maintained a Hold rating on Industrial and Commercial Bank of China and set a price target of HKD 7.80.

The same analyst overview cited by The Globe and Mail puts the one-year price range for Industrial and Commercial Bank of China stock at HKD 5.56 to HKD 7.77.

In that same coverage, the consensus view for Industrial and Commercial Bank of China is described as a Hold rating with an average price target of HKD 7.77, only slightly below Daiwa’s HKD 7.80 target, which suggests that the bank is broadly seen as fairly valued at current levels.The Globe and Mail

ICBC green financial bond issue adds sustainable finance angle

As The Asian Banker reported on September 20, 2026, Industrial and Commercial Bank of China issued its 2026 Phase 1 green financial bond through Bond Connect on September 15-16, 2026.

According to The Asian Banker, the base size of the 2026 Phase 1 green financial bond is RMB 20 billion, equivalent to about USD 2.98 billion, and it is split into RMB 18 billion in Tranche 1 and RMB 2 billion in Tranche 2.

This issuance underscores Industrial and Commercial Bank of China’s growing role in China’s green finance market, with the RMB 20 billion size providing additional funding capacity for projects aligned with environmental and sustainability objectives.The Asian Banker

Stock trades close to 52-week high in Hong Kong

Industrial and Commercial Bank of China stock ended at HKD 7.52 on the Hong Kong Stock Exchange on September 18, 2026, which is only HKD 0.25 below the one-year high of HKD 7.77 and HKD 1.96 above the one-year low of HKD 5.56 cited in recent analyst data.

That closing level of HKD 7.52 places the shares roughly 3.2 percent below the one-year high of HKD 7.77, indicating that the stock is trading near the top of its 52-week range as of September 18, 2026.The Globe and Mail

In the same context, the one-year low of HKD 5.56 shows that Industrial and Commercial Bank of China stock has risen about 35.3 percent from that level to the current HKD 7.52, a move that reflects improving sentiment toward large Chinese banks despite macroeconomic uncertainties.The Globe and Mail

For investors, the fact that Industrial and Commercial Bank of China stock is now trading just 3.7 percent below Daiwa’s HKD 7.80 target and slightly below the HKD 7.77 consensus target reinforces the view that the market is pricing the shares close to the range that major analysts see as fair value.The Globe and Mail

ICBC stock price snapshot

Industrial and Commercial Bank of China stock traded at a reference price of HKD 7.52 on the Hong Kong Stock Exchange at the close of trading on September 18, 2026, with that venue serving as the primary listing for the shares.