---
title: "JP Morgan lists a defensive income theme list of Chinese stocks (Table)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282282920.md"
description: "JP Morgan released a report listing the defensive dividend theme stocks of Chinese companies, all of which received an \"overweight\" rating. The list includes China Mobile, target price HKD 110, dividend yield 6.5 cents; China Telecom, target price HKD 7.5, dividend yield 6.1 cents; China Unicom, target price HKD 12, dividend yield 6.8 cents; China Construction Bank, target price HKD 9.5, dividend yield 5 cents; ICBC, target price HKD 7.4, dividend yield 4.8 cents; Bank Of China, target price HKD 5.5, dividend yield 5 cents"
datetime: "2026-04-10T03:09:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282282920.md)
  - [en](https://longbridge.com/en/news/282282920.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282282920.md)
---

# JP Morgan lists a defensive income theme list of Chinese stocks (Table)

JP Morgan released a report listing the defensive dividend theme stocks of Chinese companies, all rated as "Overweight":

Stock │ Target Price │ Dividend Yield over the Past 12 Months

China Mobile (00941.HK) │ HKD 110 │ 6.5 cents

China Telecom (00728.HK) │ HKD 7.5 │ 6.1 cents

China Unicom (00762.HK) │ HKD 12 │ 6.8 cents

China Construction Bank (00939.HK) │ HKD 9.5 │ 5 cents

Industrial and Commercial Bank of China (01398.HK) │ HKD 7.4 │ 4.8 cents

Bank of China (03988.HK) │ HKD 5.5 │ 5 cents

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