ICBC stock (601398) slips into China’s trading curbs and GDP week: what to watch next
ICBC’s Class A shares fell 0.91% to 7.61 yuan Friday as China’s securities regulator moves to tighten margin requirements for stock purchases starting Jan. 19. The bank named Li Jinhong as an independent director after regulatory approval. Major state lenders also declined. Shanghai Composite closed down 0.26%.