ICBC counter to lower price hike is blamed for implementation date

The company's chairman said earlier that it was considering investment and development in Uganda's oil and agriculture sector, which opened a small 0.39% to HK $5.15 this morning, trading 15.55 million shares before the deal, and ICBC's A-share (601398-CN) is now down 1.11% To 5.36 yuan, or has been widely blamed for its move to increase the number of individual financial services charges. In a recent announcement on its official website, ICBC will adjust 23 personal financial business charges, involving individual customer remittances, remote deposit and withdrawal, credit certificate, comprehensive statement, foreign exchange remittance, and some of the business charges up to 100%, the social public opinion more refers to its overlord clause, ICBC's official website has the latest revision of the fee standard.　　However, according to ICBC said last night, the relevant part of the business fee adjustment online publicity has ended, will begin to enter the dot today, but the specific publicity for how long, and when the formal implementation is still not determined. There are comments that the increase in ICBC's bulk business charges will play a significant role in promoting the growth of its intermediary business; if implemented, the adjustment would undoubtedly have a positive impact on the steady growth of ICBC's full-year profits. However, the increase in the provision of funds last year, coupled with the volume of credit this year, for ICBC, profit pressure is not big. Higher fees or more from the layout of long-term considerations, because the current intermediary business income accounting for only 16% of ICBC's operating income, the increase in revenue or profits will be insignificant in the total. In the case of reducing the interest rate and decreasing the deposit and loan, the development of intermediary business is undoubtedly the choice for the bank to enlarge its profit and reduce its dependence on the deposit and loan business.