SHA:601398 10 January 2026 - 7 February 2026

ICBC’s Shanghai A-shares closed down 0.55% at 7.26 yuan Friday. The bank will impose quota controls on its “Ruyi Gold” accumulation service during non-trading days, citing risk management. Investors are awaiting China’s CPI and PPI data on Feb. 11 for signals on rates and bank margins.

ICBC’s Shanghai-listed shares fell 1.05% to 7.53 yuan Monday as investors awaited China’s monthly loan prime rate decision. Official data showed Q4 GDP growth slowed to 4.5% year-on-year, with December retail sales up just 0.9%. New home prices dropped 0.4% in December, deepening pressure on banks and credit demand.

China Construction Bank A-shares fell 0.9% to 8.95 yuan Friday, with major state lenders also closing lower ahead of new margin requirements taking effect Monday. The securities regulator ordered stricter leverage controls as exchanges raise minimum margin for new loans to 100%. The People’s Bank of China will cut rates on some policy tools by 25 basis points and expand lending quotas. The Shanghai Composite ended the week down 0.3%.

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%.