The Industrial and Commercial Bank of China plans to raise no more than 100 billion yuan to replenish its capital.

On September 6, the Industrial and Commercial Bank of China announced that it plans to issue A-shares to specific entities, including the Ministry of Finance of the People's Republic of China, China National Tobacco Corporation, and related subsidiaries. The planned fundraising is expected to not exceed 100 billion yuan, and after deducting relevant issuance costs, the funds will be used entirely to replenish core Tier 1 capital. This capital increase will require the completion of internal and external approval processes before implementation. This article is reproduced from "Xinhua News Agency," edited by Xu Wenqiang.