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Ind & Comm Bank of China Ltd / ICBC (1398.xhkg) Profile
Ind & Comm Bank of China Ltd / ICBC (1398.xhkg) is a state-owned commercial bank headquartered in Beijing, China. The bank provides a comprehensive range of financial products and services to 8.6M corporate customers and 680M personal customers, gaining wide recognition in supporting pandemic containment, promoting inclusive finance, backing poverty alleviation and rural revitalisation. ICBC is the world’s largest bank with a total asset of $4.324T (USD) and has been ranked first for 7 years in a row by The Banker’s Top 1000 World Banks. ICBC’s correspondent network has expanded to 145 countries and regions with 1,502 foreign correspondent banks. It has set up 426 institutions in 47 countries and regions, including Africa, Asia, Latin America, Europe, America, and Australia. ICBC has become the first Chinese bank purchasing institutions engaged in market transaction businesses like commodities, capital and currency, capable of providing trading services in commodities, foreign exchange, interest rate, credit and equity to customers globally. ICBC employs 439,787 people, and the ICBC stock (1398.xhkg) is listed on the Shanghai Stock Exchange (SHA) and The Stock Exchange of Hong Kong Limited (HKEX) and had a market capitalisation of $259B (USD) as of December 2021. The Bank aims to keep implementing the guidelines for transformation, focus on the in-depth transformation of the business model, improve the core competitiveness and push forward the sound and sustainable development of all businesses.
Increase your ability
to profit in
all
market conditions
Leverage options up to 20:1
Real-time, transparent
share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue
MT4, MT5, Webtrader & Iress with
superior client portal
Award winning support &
personal account managers
Low margins and competitive commission
+10,000 products on global stocks
across 4 continents
On long positions
No ownership of physical
shares necessary
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Share CFD Trading FAQ
What is a Share CFD?
What is a Share CFD?
Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.
Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.
What is the difference between CFD and Shares?
What is the difference
between CFD and Shares?
Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.
While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.
What are the most traded share CFDs?
What are the most
traded share CFDs?
Supply and demand are the main two pillars of share price sharping. The economic situation of countries, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the share CFDs prices. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the foreign exchange but also excessive risks.
Thus, some well-performing companies offer more opportunities to traders due to their stable, smooth, and less volatile share price movement in the markets. Some of the top traded share CFDs represent the trending industries.
Technology companies such as Tesla Inc, Apple, Microsoft, and Facebook are some of the trader’s favorite shares to trade according to Investing.com. While some of the biotech representatives that have entered the top traded list of the global markets are Moderna, Pfizer, and Johnson & Johnson.
What factors should I consider when trading Share CFDs?
What factors should I
consider when trading
Share CFDs?
The main two driving forces of the forex currency market‘s volatility are supply and demand, placing the share CFDs trading amongst the most distinct volatility performers in the markets.
The economic situation of countries and unions, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the interest rate of currencies, economies, and companies. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the share CFDs.
For instance, the current global pandemic situation has resulted in traders’ interest turning towards pharmaceutical and biotech companies, delivery and transportation as well as streaming and production services.