Summary by Futu AI
On August 30, 2024, the Industrial and Commercial Bank of China passed its semi-annual capital management Pillar 3 information disclosure report for 2024. The report was compiled in accordance with the relevant regulations of the China Banking and Insurance Regulatory Commission and covers multiple aspects including risk management, capital adequacy ratio, leverage ratio, and liquidity risk. Data shows that as of June 30, 2024, the core Tier 1 capital adequacy ratio of Industrial and Commercial Bank of China was 13.84%, Tier 1 capital adequacy ratio was 15.25%, and the capital adequacy ratio was 19.16%, all of which exceeded the minimum standards set by the regulations. The leverage ratio was 7.80%, the liquidity coverage ratio was 133.65%, and the net stable funding ratio was 128.26%. The report emphasized that the information disclosed has undergone reasonable examination to ensure its authenticity and reliability. It is not compiled in accordance with financial accounting standards, so some data cannot be directly compared with the financial information of the same period in financial reports.