Summary by Futu AI
The Industrial and Commercial Bank of China (ICBC) issued a detailed capital adequacy report in 2023, showing that its core tier one capital adequacy ratio of 13.72%, tier one capital adequacy rate of 15.17% and capital adequacy ratio of 19.10% are in line with regulatory requirements. The report covers several aspects of capital management, comprehensive risk management, credit risk management, and details risk-weighted assets, internal capital adequacy assessments, capital planning and capital adequacy management plans. ICBC underlines its commitment to social responsibility and is widely praised for serving manufacturing, developing affordable finance, supporting rural revitalization, developing green finance, supporting public welfare, and more. In addition, ICBC underlines its leadership in global banking brand value and looks forward to future development strategies and digital transformation.