MB-ICBC@EC2611A

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

01398

BACHY

601988

IDCBY

03750

601398

03988

300750

The Shanghai Composite fell 0.8% to 3,887, and the Shenzhen Component decreased 0.1% to 13,474, indicating potential weekly losses amid investor caution due to ongoing Middle East tensions. China's composite PMI dropped to 51.5 in March, reflecting declines in both manufacturing and services. Notable stock declines included Contemporary Amperex Technology (-3.3%), BYD (-1.6%), Industrial and Commercial Bank of China (-1%), and Bank of China (-1.4%).

Trading Economics

ICBC

Bank of China

Bank Of China

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

CATL

BANK OF CHINA

BYD Company

BYD Company Limited

BYD COMPANY

China Stocks Head for Weekly Losses

601288

03968

601328

00939

512800

01288

01658

601939

516210

512700

515020

601998

159887

512820

As of April 2, 22 A-share listed banks have disclosed their 2025 profit distribution plans, with the six major state-owned banks planning to pay out over 420 billion yuan in dividends in total. China Merchants Bank proposes a dividend of 25.296 billion yuan, with a full-year total exceeding 50 billion yuan; CNCB and INDUSTRIAL BANK both plan to exceed 20 billion yuan. Among city commercial banks, with the exception of Bank of Zhengzhou, others show high enthusiasm for dividend payouts

Wallstreetcn

CM BANK

China Merchants Bank

Bank Of Communications

INDUSTRIAL BANK

Hwabao WP CSI Banks ETF

PSBC

BANKCOMM

Huaan CSI Banks ETF

China Southern CSI Banks ETF

ChinaAMC CSI Banks ETF

China Merchants CSI BANK AH Price ETF

CNCB

Fullgoal CSI 800 Banks ETF

WP CSI Banks ETF

Listed Banks Distribute Generous Dividends; High Yield Highlights Long-Term Allocation Value

China's central bank: adds 12 banks as digital yuan business operators - statement

marketscreener

Hua Xia Bank

Bank of Ningbo

NJBK

Bank Of Suzhou

CZBANK

SPD Bank

Bank Of Jiangsu

CEB Bank

CEB BANK

China's central bank: adds 12 banks as digital yuan business operators - statement

JP Morgan released investment ratings and target prices for domestic bank stocks. The rating for MINSHENG BANK was adjusted from overweight to neutral, with the target price lowered from 4.4 yuan to 4 yuan; the rating for CEB BANK was adjusted from neutral to underweight, with the target price lowered from 3.1 yuan to 2.7 yuan; BANK OF CHINA, CCB, ICBC, BANKCOMM, and ABC all maintained overweight ratings, with target prices of 5.5 yuan, 9.5 yuan, 7.35 yuan, 7.85 yuan, and 6.1 yuan respectively; PSBC maintained a neutral rating with a target price of 5.5 yuan

AASTOCKS

CMBC

MINSHENG BANK

JP Morgan's investment ratings and target prices for domestic bank stocks (Table)

01347

601975

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The three major A-share indices fell by 0.5% to 1.8% in the first half of the day, with the Shanghai Composite Index down 20 points to 3,927 points, the Shenzhen Index down 158 points to 13,548 points, and the ChiNext down 57 points to 3,189 points. Domestic bank stocks rose against the trend, with ICBC and CCB up 1% and 1.4% respectively. Shipping stocks performed strongly, with CMES and NJTC rising 8.7% and 8.2% respectively. Chip stocks generally declined, with SMIC down 2.7% and Hua Hong down 3.4%. International oil prices remained high, and oil and gas stocks performed well

HUA HONG SEMI

NJTC

SSE Index

Shenzhen Index

ChinaAMC Guozheng Semiconductor Chip ETF

ChiNext

Guotai CSI All Share Integrated Circuit ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

SMIC

Guotai CSI Semiconductor Material Equipment Theme ETF

CMES

Hua Hong

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fell by 0.5% to 1.8% in the first half of the day, with chip stocks declining while shipping and innovative pharmaceutical concept stocks continued to rise

Morgan Stanley released a report predicting the dividend returns of Hong Kong-listed Chinese banks in 2026 and 2027. Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Postal Savings Bank of China, China Merchants Bank, and CITIC Bank are all rated as overweight, with dividend returns ranging from 5.3 cents to 6.2 cents. Bank of Communications and CEB Bank are rated as underweight, with dividend returns of 5.2 cents to 7.8 cents, respectively

CITIC BANK

Morgan Stanley lists the dividend return forecast for Hong Kong H-shares of domestic banks for the next two years (table)

HKXCY

BABA

GELYY

STECH

The Hang Seng Index closed at 25,276 points, up 488 points or 2.0%. The Hang Seng TECH Index reported 4,723 points, up 73 points or 1.6%. The China Enterprises Index rose 129 points or 1.5%, closing at 8,503 points. Hong Kong Exchanges and Clearing increased by 3.3% to HKD 401.4, Alibaba rose by 2.9% to HKD 122.4, and Tencent increased by 2.6% to HKD 496.4. Several stocks, including China National Pharmaceutical Group and BeiGene, performed outstandingly, while Geely reached a new high, closing at HKD 21.7, up 3.7%

Hong Kong Exchanges and Clearing (HKEX)

Alibaba

Geely Auto

HKEX

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Tencent

Hang Seng Index

LEADS BIOLABS-B

Hang Seng TECH Index

WH GROUP

BABA-W

TENCENT

FL2 CSOP HSI

KraneShares 2x Long BABA Daily ETF

FI CSOP HSI

BABA 2x Long Daily ETF - GraniteShares

FI2 CSOP HSI

CSOP HS TECH

"Half-Day Express" Hang Seng Index rises 488 points; Hang Seng TECH Index rises 73 points, HKEX rises over 3%, Geely, WH GROUP, ICBC, Bank of China, LEADS BIOLABS-B hit new highs

The three major A-share indices all fell, with the Shanghai Composite Index losing 3,900 points, and the ChiNext Index dropping 2.7%. Domestic bank stocks rose against the trend, with ICBC and CCB increasing by 0.9% and 1.5%, respectively. The central parity rate of the RMB against the USD was reported at 6.9194, and the People's Bank of China conducted a reverse repurchase operation of 32.5 billion yuan. The official manufacturing PMI and non-manufacturing PMI for March rebounded. Oil, gas, and coal stocks weakened, with Zhongman Petroleum falling by 2.6%. In the consumer sector, sports concept stocks performed strongly

The three major indices of A-shares in Shanghai and Shenzhen all fell, with the Shanghai Composite Index losing the 3,900-point mark, the ChiNext Index dropping 2.7%. The four major domestic banks rose against the trend, while Dongpeng Beverage hit the daily limit down at the close

03692

03320

The Hang Seng Index closed at 24,624 points, down 126 points or 0.5%; the Hang Seng TECH Index reported 4,646 points, down 44 points or 0.9%. The National Index fell 70 points or 0.8%, closing at 8,328 points. Among the actively traded blue-chip stocks, HANSOH PHARMA rose over 6%, while Xiaomi, Alibaba, Meituan, and others experienced varying degrees of decline. Overall market performance was weak, with some individual stocks like BYD Electronics and Xinyi Glass seeing significant drops

HANSOH PHARMA

CHINARES PHARMA

Hwabao WP Hang Seng SCHK Innovative Drug Select ETF

E Fund Hang Seng SCHK Innovative Drug ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

GF CSI HK Innovative Drugs Industry ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

China Southern Hang Seng Biotech ETF(QDII)

The "Half-Day Express" reported that the Hang Seng Index closed at 24,624 points, down 126 points; the Hang Seng TECH Index closed at 4,646 points, down 44 points. HANSOH PHARMA rose over 6%, while Bank Of China, ICBC, Guangdong Investment, Guofu Quantum, and CHINARES PHARMA reached new highs

Bank of America Securities lowered the target price for Bank of China to HKD 5, and the target price for A-shares to RMB 5.6, reflecting profit adjustments. Last year's net profit was RMB 243 billion, an increase of 2.2%, slightly below expectations. The return on equity (ROE) decreased to 9%, with a dividend per share of RMB 0.226, and the dividend yields for H-shares and A-shares were 5.2% and 4%, respectively. The bank maintains a "neutral" rating, preferring ICBC and CCB

"Big Banks" Bank of America Securities lowers Bank of China's target price to 5 yuan, last year's net profit slightly below expectations

TSMC

Conference Minutes

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Taiwan Semiconductor(TSM.US). For our earnings analysis, please see 'TSMC: the real heavyweight in AI — who would say no?'.Key takeaways from the call are summarized below. We highlight capex plans and spending mix.a) Capex: for 2026, raised to $52-56bn (+$11-15bn YoY), vs prior street $48-50bn. Allocation: 70-80% for advanced nodes, ~10% for specialty technologies...

Applied Materials

Taiwan Semiconductor

ASML

TSM (Trans): Capex to rise by tens of billions YoY, a decision made after talks with downstream customers.

Why are there two Alibaba icons? 😂, I don't know either, Gemini, do you have any special thoughts? Executive Summary: A Historic Leap from Follower to Definer In the 2024-2025 cycle, as the global economic landscape undergoes drastic restructuring, the discussion on &#34;whether China can produce globally dominant enterprises&#34; has shifted from hypothetical possibilities to quantitative analysis of established facts. This report, based on exhaustive financial data, technical parameters, and market share analysis, clearly identifies ten companies with strengths in scale, technological barriers, supply chain control, and financial resilience...

Amazon

NAURA

MIDEA GROUP

Midea Group

BOYD Gaming

JPMorgan Chase

Huawei

BYD COMPANY-R

BYD HK SDR 10to1

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

CATL HK SDR 30to1

BABA-WR

Alibaba HK SDR 5to1

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

Reshaping the Global Industrial Landscape: In-Depth Strategic Evaluation Report of China's Top 10 Leading Enterprises Benchmarking Against Global Giants (2024-2025)

MB-ICBC@EC2611A(27754.HK)

MB-ICBC@EC2611A Stock Performance Chart

China Stocks Head for Weekly Losses

Listed Banks Distribute Generous Dividends; High Yield Highlights Long-Term Allocation Value

China's central bank: adds 12 banks as digital yuan business operators - statement

JP Morgan's investment ratings and target prices for domestic bank stocks (Table)

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fell by 0.5% to 1.8% in the first half of the day, with chip stocks declining while shipping and innovative pharmaceutical concept stocks continued to rise