CT-BOCL@EC2611A

CICC Analysis: China Construction Bank's Q1 Revenue and Profit Growth Continues to Rebound

Goldman Sachs Maintains Buy Rating and Target Price for China Construction Bank

Zhongtai Securities Maintains Overweight Rating on Bank of China as Earnings Improve

BOC reports 4.2% Q1 net profit growth, Citibank maintains buy rating

BOC reports 4.2% Q1 net profit growth to 56.63 billion yuan

BOC Leads in Panda Bond Issuance in Q1

BANK OF CHINA released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 159.33 B (forecast HKD 188.74 B), actual EPS HKD 0.4081

China Construction Bank reports 3.95% YoY Q1 profit growth

China Construction Bank Announces USD 40 Billion Medium-Term Note Program Prospectus

BlackRock Increases Its Holding in Bank of China H Shares

China Construction Bank Chairman Vows Increased Support for Ansteel Group

BANK OF CHINA to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue HKD 190.97 B

China Construction Bank Successfully Issued RMB 50 Billion Tier 2 Capital Bond

China Construction Bank Chairman Meets Singapore Officials to Discuss Deepened Sino-Singapore Economic Cooperation

BlackRock Increases Holdings in Bank of China by 8,791,000 Shares

BOC Launches 'China Pass' App and Digital Currency Applications to Support Inbound Tourism

BOC Hosts Dialogue on Enhancing Bilateral Trade and Investment Settlement in Local Currency

Multiple Banks Implement Performance Pay Clawback Mechanisms

China Construction Bank Discloses Significant Performance Bonus Clawbacks

The First Meeting of China-Canada Financial Work Group Held in Beijing

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

01288

03988

601988

01398

601398

601288

Citi has released a research report detailing its investment ratings and target prices (TP) for various Chinese banks' H shares. The report includes ratings such as 'Buy' for most banks, with specific target prices ranging from HKD 4.47 to HKD 11.26. Notable banks listed include ABC, Bank of China, and ICBC, among others. The report also highlights short selling data and ratios for each bank, indicating market sentiment. The information is subject to a 15-minute delay for HK stocks quotes.

AASTOCKS News

BANK OF CHINA

Bank Of China

ICBC

BANKCOMM

CITIC BANK

CEB BANK

CM BANK

MINSHENG BANK

CQRC BANK

HUISHANG BANK

PSBC

Bank Of Communications

CNCB

CEB Bank

China Merchants Bank

CMBC

Chongqing Rural Commercial Bank

BOC HONG KONG

Bank of China

Citi's Investment Ratings and TP on CN Banks H Shrs (Table)

BACHY

516210

512800

512820

159887

Citi Research reported that in 1Q26, the average pre-provision operating profit (PPOP) growth for 21 Chinese banks was 9.5% YoY, up from 2.6% in 4Q25, driven by loan growth and NIM recovery. Sector earnings rose 3% YoY, with credit costs increasing as banks prepared for future risks. BANK OF BJ led with 24% PPOP growth, while CEB BANK saw a 1.8% decline. Top picks include BANK OF CHINA and PING AN BANK, with target prices raised. Overall, large and regional banks outperformed joint-stock banks.

Huaan CSI Banks ETF

Hwabao WP CSI Banks ETF

WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Citigroup

Changshu Bank

INDUSTRIAL BANK

SPD Bank

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi: Large and Regional Chinese Banks' 1Q26 Results Beat; NIM Recovery

515020

CICC reported that Bank of Chinaexperienced a rebound in revenue and profit growth in 1Q26, with operating income, pre-provision profit, and net profit rising 8.4%, 7%, and 3.9% YoY, respectively. Net interest income increased by 7.8% YoY, driven by stabilizing NIM and asset expansion. CICC maintained its target price for Bank of China H shares at HKD6.4 and A shares at RMB7.3, reiterating an Outperform rating.

ChinaAMC CSI Banks ETF

CICC

CICC: BANK OF CHINA  1Q26 Revenue and Profit Growth Continue to Rebound; Maintains TP at HKD6.4

Goldman Sachs analyst maintained a Buy rating on Bank of China on May 1 and set a price target of HK$5.95.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bank of China with a HK$6.03 average price target.

Tip Ranks

Goldman Sachs

GS Hldg R

Bank of China (BACHF) Gets a Buy from Goldman Sachs

00005

HSBC

STAN

Hong Kong's major banks, including HSBC, Standard Chartered, and Bank of China, are offering incentives like gold bars, cruises, and luxury services to attract wealthy mainland Chinese visitors during the golden week holiday. With an expected 980,000 visitors, banks are extending branch hours and providing cash awards to new customers. HSBC is collaborating with Dior for beauty services, while Standard Chartered is hosting a lucky draw for new clients. The focus on wealth management services is evident, with significant growth in new clients noted during this period.

- Major Hong Kong banks are offering incentives like luxury vacations and beauty services to attract wealthy clients during the upcoming golden week holiday.  
- HSBC, Standard Chartered, and Bank of China (Hong Kong) have extended branch hours and are providing cash awards to new customers, as about 980,000 mainland visitors are expected.  
- These initiatives aim to capitalize on the high demand for wealth-management services during this lucrative period, with previous years showing significant increases in customer sign-ups.

SCMP

HSBC HOLDINGS

Standard Chartered PLC

STANCHART

China Southern CSI Banks ETF

HSBC Holdings Plc

DBS Group

BANK OF E ASIA

HSBC 5xShortSG241213

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors

CICHY

IDCBY

00939

UBS's research report highlights that state-owned Chinese banks outperformed expectations in Q1, with an 8.5% revenue increase, the highest since 2021. This growth was driven by improved net interest margins and solid fee income. While regional banks met expectations, joint-stock banks showed mixed results. The report indicates an improving operating environment for mainland banks, with potential upward revisions in earnings growth for state-owned banks. UBS remains positive on defensive bank stocks with high dividend yields, favoring CCB, Bank of China, ICBC, CITIC Bank, and Bank of Ningbo.

China Construction Bank

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

Bank of Ningbo

China Merchants CSI BANK AH Price ETF

UBS Group AG

UBS: State-Owned CN Banks Stand Out in 1Q; Operating Conditions Improving

China's Big Four banks reported stronger-than-expected first-quarter earnings, with combined net profit reaching approximately 305 billion yuan (US$44.6 billion). This growth was driven by a recovery in net interest income, which rose over 7%, and improved asset quality. Analysts noted resilient loan growth, particularly in government-related sectors like infrastructure and manufacturing. The banks are increasingly supporting policy priorities, with significant increases in loans to technology firms and manufacturing. Moody's Ratings revised the outlook of these banks from negative to stable, reflecting expectations of continued government support.

Moodys

China’s Big Four banks post stronger earnings as policy lending lifts growth

Citi's research report indicates that BANK OF CHINAexperienced a 7.2% YoY increase in pre-provision operating profit and a 4.2% YoY rise in net profit after tax to RMB56.6 billion in 1Q26. This performance slightly exceeded expectations, ranking second among large banks. Citi maintains a Buy rating on BANK OF CHINA, citing benefits from domestic insurer investments, improved overseas returns, and attractive valuations, with a target price of HKD5.92.

Citi: BANK OF CHINA  1Q26 Profit Growth Slightly Beats; Reiterates as Sector Top Pick

BANK OF CHINAreported a 1Q26 net profit increase of 4.2% YoY to RMB56.6 billion, slightly beating expectations. Citi maintained a Buy rating with a target price (TP) of HKD5.92, while JPM and G Sachs also rated it Buy with TPs of HKD5.8 and HKD5.35, respectively. The bank's operating income rose 8.44% YoY, supported by stable net interest margins and solid fee income, despite higher impairment losses. The NPL ratio improved to 1.22%, and the CET1 ratio stood at 12.18%.

JPMorgan Chase

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

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. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

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

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

Brokers' Latest Ratings and TPs on BANK OF CHINA  After 1Q26 Results

ACGBY

Reuters

Agricultural Bank of China

S&P Global

WRAPUP 1-China's largest lenders' first-quarter profit up over 3%, sour loan ratios steady

$XTALPI(02228.HK) Yesterday, Bank of China Hong Kong made a large number of &#34;buy&#34; orders, which should be depository receipts. It was probably a previous shareholder, such as China Life Insurance (I remember there was a similar shareholder) with holdings of approximately 235,560,969 shares, accounting for 5.86%. Comparing the number of shares transferred by BOC Hong Kong yesterday: 235 million shares. It's roughly the same. Since China Life Insurance is a state-owned enterprise, the probability of using BOC Hong Kong is the highest. I roughly guess it's their depository. It's likely that Pharmaron issued them stock certificates, converting paper certificates into electronic shares.

Bank of CN HK SDR 1to1

CT-BOCL@EC2611A(28770.HK)

Citi's Investment Ratings and TP on CN Banks H Shrs (Table)

Citi: Large and Regional Chinese Banks' 1Q26 Results Beat; NIM Recovery

CICC: BANK OF CHINA 1Q26 Revenue and Profit Growth Continue to Rebound; Maintains TP at HKD6.4

Bank of China (BACHF) Gets a Buy from Goldman Sachs

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors