ICBC: Huijin Investment to increase stake

Industrial and Commercial Bank of China (ICBC) announced that Central Huijin Investment Limited will acquire a 66.7% equity stake from China Securities Finance Corporation. The bank disclosed that it received notification of the change on February 14, 2025. Central Huijin Investment is already a substantial shareholder in ICBC. This change is significant, though the exact reason for the additional stake was not stated in the announcement. ICBC released this information to comply with regulatory requirements, including those outlined in the Securities and Futures Ordinance of Hong Kong and the Securities Law, and has submitted the necessary disclosures in Hong Kong.