Summary by Futu AI
Industrial and Commercial Bank of China Limited (referred to as "Industrial and Commercial Bank") announced on September 23, 2024 that it has applied to The Stock Exchange of Hong Kong Limited for a global medium-term note program of 20,000,000,000 US dollars. The program will only issue debt securities to professional investors and is expected to take effect on September 24, 2024. The issued debt securities will not be offered or sold in the United States or to US persons, and will not be publicly offered in the United States. The board of directors of Industrial and Commercial Bank includes executive directors Liao Lin, Liu Jun, and Wang Jingwu, non-executive directors Lu Yongzhen, Feng Weidong, Cao Liqun, Chen Yifang, and Dong Yang, as well as independent non-executive directors Shen Si, Hu Zuliu, Chen Delin, Herbert Watt, and Morry iHuman.