ICBC declares interim dividend, outlines tax implications for shareholders

Industrial and Commercial Bank of China (ICBC) has declared an interim dividend of RMB 1.414 per 10 shares for the six months ending June 30, 2025. Approved by shareholders on November 28, 2025, the ex-dividend date is December 4, 2025, with a record date of December 12, 2025, and payment scheduled for January 26, 2026. For Hong Kong shareholders, the default distribution will be HKD 1.5575 per 10 shares.

Non-resident enterprise H-share holders, including those registered with Hong Kong Securities Clearing Company (Nominees) Limited, will face a 10% withholding tax on the dividend, in accordance with the Enterprise Income Tax Law of the People's Republic of China. Individual H-share holders will also be subject to a 10% individual income tax, with potential relief under tax treaties.

Mainland individual investors in H-shares via the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs will incur a 20% individual income tax. Mainland enterprise investors will not have taxes withheld by ICBC but must declare and pay taxes independently. Investors via the Shanghai-Hong Kong Stock Connect, including both enterprises and individuals, will have a 10% withholding tax applied.