The Zhitong Finance App learned that Daiwa released a research report stating that it covered the Industrial and Commercial Bank (01398.HK) for the first time and gave it a “holding” rating. The target price for H shares was HK$7.8. The bank pointed out that ICBC is the world's largest bank in terms of total assets and is regularly ranked as the financial institution with the highest profitability, but the current valuation multiplier of 0.55 times the 2026 market account ratio already reflects its capital advantage.

The Zhitong Finance App learned that Daiwa released a research report stating that it covered the Industrial and Commercial Bank (01398.HK) for the first time and gave it a “holding” rating. The target price for H shares was HK$7.8. The bank pointed out that ICBC is the world's largest bank in terms of total assets and is regularly ranked as the financial institution with the highest profitability, but the current valuation multiplier of 0.55 times the 2026 market account ratio already reflects its capital advantage.