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CT-ICBC@EC2606A
20896.HK
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Net outflow of Tencent through Hong Kong Stock Connect is HKD 1.279 billion

According to the Hong Kong Stock Connect data, Tencent had a net outflow of HKD 1.279 billion, Alibaba had a net outflow of HKD 493 million. SMIC had a net inflow of HKD 759 million, CNOOC had HKD 461 million, and Xiaomi Group had HKD 227 million. ICBC had the highest net inflow, reaching HKD 357 million, while the Tracker Fund had the highest net outflow, amounting to HKD 1.612 billion. The southbound total net outflow was HKD 0, with a total transaction amount of HKD 92.3 billion, accounting for 46.20% of the total market transaction amount

AASTOCKS·
SH
688981
+2.27%
HK
00981
+4.24%
SH
600938
+3.18%
AASTOCKS·
SH
688981
+2.27%
HK
00981
+4.24%
SH
600938
+3.18%

Wang Shiming, the former president of the Shandong Zibo Branch of Industrial and Commercial Bank of China, is under investigation

Wang Shiming, the former president of the Shandong Zibo Branch of the Industrial and Commercial Bank of China, is under disciplinary review and supervision investigation for suspected serious violations of discipline and law

Wallstreetcn·
SH
601398
-0.25%
HK
01398
+0.64%
Wallstreetcn·
SH
601398
-0.25%
HK
01398
+0.64%

The three major A-share indices of Shanghai and Shenzhen moved individually throughout the day, with the banking sector supporting a slight rise in the Shanghai Composite Index, while the ChiNext fell by 0.7%. Gold and lithium mining stocks weakened

The three major A-share indices showed mixed performance throughout the day, with the banking sector supporting a slight rise in the Shanghai Composite Index, while the ChiNext Index fell by 0.7%. The fourth session of the 14th National People's Congress is scheduled to be held on March 5 next year, with the CPPCC meeting taking place on March 4. The Ministry of Finance stated that it will continue to implement a more proactive fiscal policy next year, expanding fiscal expenditure and supporting the replacement of old consumer goods with new ones. In the first eleven months of the year, profits of industrial enterprises above designated size in the mainland grew by 0.1% year-on-year. The central parity rate of the RMB against the US dollar was raised by 27 points. The People's Bank of China conducted a 7-day reverse repurchase operation of 482.3 billion yuan in the open market, with a net injection of 415 billion yuan for the day. Domestic bank stocks were favored, with Industrial and Commercial Bank of China and China Construction Bank rising by 0.8% and 2%, respectively. Domestic insurance stocks were slightly weak, and major domestic property stocks were lukewarm. Gold and lithium mining stocks weakened

AASTOCKS·
US
CICHY
+1.18%
SH
601939
-0.54%
HK
00939
+1.31%
AASTOCKS·
US
CICHY
+1.18%
SH
601939
-0.54%
HK
00939
+1.31%

Investment Ratings and Target Prices for Domestic Bank Stocks by CICC (Table)

CICC published a research report, giving the domestic bank stocks an "outperform industry" rating, and listed target prices: ICBC HKD 7.28, CCB HKD 9.69, ABC HKD 6.13, Bank of China HKD 5.41, China Merchants Bank HKD 60.49

AASTOCKS·
SH
601988
-0.18%
US
BACHY
+1.32%
HK
03988
+1.13%
AASTOCKS·
SH
601988
-0.18%
US
BACHY
+1.32%
HK
03988
+1.13%

ICBC Board Approves Green Finance Implementation, Compliance Regulations, and 2024 Director Remuneration Plan

The ICBC Board approved three resolutions: implementation of green finance initiatives, adoption of 2025 compliance regulations, and 2024 director remuneration plan. The meeting was held on December 23, 2025, with unanimous support from all 12 directors. The remuneration plan was pre-approved by the Compensation Committee, with relevant directors abstaining from voting on their own pay.

Reuters·
SH
601398
-0.25%
HK
01398
+0.64%
Reuters·
SH
601398
-0.25%
HK
01398
+0.64%
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