19 Dec 2024, Hong Kong – Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”) announced that with effect from 23 Dec 2024 (Monday), the Bank will cut its HKD prime rate by 0.125% p.a. from 5.625% p.a. to 5.50% p.a. and its HKD savings deposit rate from 0.375% p.a. to 0.25% p.a. for an account balance of HKD5,000 or above.