MB-AGBK@EC2602A

JPMorgan Downgrades Agricultural Bank's Rating to Neutral

Ping An Life Insurance Increases Stake in Agricultural Bank Triggering Mandatory Disclosure

e-CNY Balance to Earn Interest at 活期存款 Rates

平安 Life Insurance Four Times Buys Agricultural Bank H Shares

Agricultural Bank of China Signs Strategic Cooperation Agreement with National Food and Materials Reserve Administration

Ping An Insurance Buys Stake in Agricultural Bank to 22.07%

ICBC and ABC Announce Interest on Digital RMB Wallet Balances to be Calculated at Current Deposit Rates Starting January 1, 2026

Agricultural Bank of China sees largest increase in holding volume, Southern Hang Seng Tech sees largest percentage increase in holdings

Ping An Life Raises Agricultural Bank H Shares Stake Above 19%

Former Agricultural Bank Balance Sheet Management Department General Manager Wang Qingshan Under Investigation for Serious Disciplinary Violations and Illegal Activities

ABC Bank Aids Xiaozhuang Village in Poverty Alleviation, Wins Best Global Poverty Alleviation Case

Ping An Asset Management Co., Ltd. Buys Shares of Agriculture Bank

Disciplinary Review and Investigation of Jiang Wenjun, Deputy Inspector of Inner Mongolia Branch of Agricultural Bank of China

Shenzhen's 'Park Loan' Policy Boosts Specialized SME Growth

ABC Innovates Cross-border Financial Services to Support the Construction of Hainan Free Trade Port

HKEX Disclosure Easy Shows Maximum Increase in Shares Held of SenseTime-W

Zhejiang Sci-Tech Strategic Emerging Industries Equity Investment Partnership Established

Ping An Asset Management Buys 124 Million Shares of Agricultural Bank of China

HKEX Discloses Changes in Stock Holding Volumes via Connect Programs

ABC holds a Party Committee Meeting to Convey the Spirit of the Central Economic Work Conference

WELIFE TECH

AV PROMOTIONS

MODERN LAND

C&N HOLDINGS

WT GROUP

NATURE ENERGY T

CHINA AOYUAN

LOGAN GROUP

HOP FUNG GROUP

TAKBO GROUP

517900

ACGBY

512820

512700

159887

516210

601288

01288

515020

512800

Agri Bank China (OTCMKTS:ACGBY) experienced a significant increase in trading volume, with 35,417 shares traded, up 84% from the previous session. The stock is currently priced at $17.79, slightly up from $17.75. The bank has a market cap of $248.84 billion, a P/E ratio of 6.58, and a return on equity of 9.25%. Despite its strong performance, analysts have rated it as a Hold, suggesting that there are better investment opportunities available.

Market Beat

China Merchants CSI BANK AH Price ETF

Agricultural Bank of China

WP CSI Banks ETF

China Southern CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Huaan CSI Banks ETF

ChinaAMC CSI Banks ETF

ChinaAMC SSE Financials Sector ETF Initiating Fund

Hwabao WP CSI Banks ETF

Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume  - Time to Buy?

The Agricultural Development Bank issued a 2-year bond with a scale of 3 billion yuan, an issuance rate of 1.6082%, an expected rate of 1.7000%, a bid multiple of 4.74 times, and a marginal multiple of 1.51 times

Wallstreetcn

GRCB

E Fund CSI 300 Financials (ex Banks) ETF

Bank of China International released a research report, maintaining a "Buy" rating on H-shares of domestic banks, with Industrial and Commercial Bank of China as the top pick. The report pointed out that over 50 trillion yuan of long-term fixed deposits will mature in 2026, which is expected to alleviate the net interest margin pressure on the banking industry. It is recommended to buy Agricultural Bank of China, China Merchants Bank, China Construction Bank, Postal Savings Bank of China, and China Everbright Bank. Despite facing margin pressure, the banking industry's fundamentals are expected to remain robust, with a slight increase in net profit attributable to shareholders in 2026

AASTOCKS

CM BANK

ICBC

PSBC

CEB BANK

China Merchants Bank

CEB Bank

In "Major Banks," China International Capital Corporation: The preferred H-shares of domestic banks are ICBC, with over 50 trillion RMB deposits being repriced to alleviate net interest margin pressure

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601077

Chongqing Rural Commercial Bank Co., Ltd. announced the resignation of Peng Yulong as a non-executive director, effective January 23, 2026. Mr. Peng also stepped down from his roles on the nomination committee and the consumer rights protection committee due to personal work arrangements.

marketscreener

CQRC BANK

Chongqing Rural Commercial Bank

Chongqing Rural Commercial Bank Co., Ltd. Announces Resignation of Peng Yulong as Non-Executive Director Peng Yulong, Member of the Nomination Committee of the Board and the Member of the Consumer Rights Protection Committee, Effective January 23, 2026

The Agricultural Development Bank issued a 378-day bond of 10 billion yuan with an interest rate of 1.4844%, an expected rate of 1.5000%, and a bid multiple of 3.29 times; a 3-year bond of 7 billion yuan with an interest rate of 1.6152%, an expected rate of 1.6200%, and a bid multiple of 3.44 times; a 10-year bond of 9 billion yuan with an interest rate of 1.9525%, an expected rate of 1.9600%, and a bid multiple of 5.25 times

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Yinhua CSI Agriculture Theme ETF

The "Regulations on the Management of Mergers and Acquisitions Loan by Commercial Banks" has been implemented for nearly a month, and several banks have completed their first batch of merger and acquisition loan businesses. State-owned banks such as ICBC, ABC, Bank of China, and CCB have taken the lead in responding to the new regulations and successfully issued the first merger and acquisition loans

Bank Of China

CZBANK

BANK OF CHINA

ZYBANK

Multiple banks have successively launched "first batch" merger and acquisition loan businesses

As of the market close on January 20, Agricultural Bank of China (1288.HK) showed a relatively sluggish atmosphere, with the large bank sector overall turning downward. Market risk-averse funds quickly flowed out, and enthusiasm for financial weight allocation sharply declined. This round of adjustment has covered nearly all mainstream bank stocks, with investors focusing on the support area around 3.10 yuan, and short-term funds showing increasingly obvious wait-and-see sentiment. During the trading session, Agricultural Bank of China tested the rebound several times but did not see significant buying action, indicating a clear lack of active funds. 

It is worth mentioning that regulators recently issued documents requiring banks to strictly control credit issuance and capital adequacy ratio supervision, putting certain pressure on the market. Many institutional investors are concerned that industry profitability will be further pressured. From a technical perspective, the daily MACD continues to weaken, and short-term moving averages (5-day, 10-day) are collectively pressing down, reflecting that bullish buying has not yet sustained. Overall trading volume remains low, with prominent signs of capital outflow.

In terms of the macro environment, the banking sector is influenced by both policy and fundamentals, compounded by the recent rise in discussions about real estate and local government bonds, which suppresses risk appetite. Investors are continuously paying attention to signals of policy shifts. If the stock price can gradually stabilize around 3.10 yuan and successfully increase in volume, it is expected to become a new focus of attention. Conversely, if trading volume and sector performance continue to weaken, the possibility of further testing lower points cannot be ruled out. 

From an operational perspective, it is recommended to closely monitor the intraday capital flow and marginal changes in news, as the subsequent reactions of the main funds and technical repair signals are the prerequisites for a rebound window

Technical Forecast

Morning Trend | Agricultural Bank of China trades sideways with reduced volume, is the bottom rebound window approaching?

With the opening of the high-interest deposit maturity window in October 2025, a concentrated redemption is expected in the first half of 2026. After some funds flow into three-year deposits, they will face downward pressure on deposit rates, with hundreds of trillions of yuan in funds choosing their direction. Surveys show that more than half of the funds may be transferred to pursue stability and safety, while the rest may flow into wealth management and capital markets. Banking institutions are adjusting their marketing strategies and assessment systems to retain customers

Bank Of Communications

CNCB

INDUSTRIAL BANK

SPD Bank

BANKCOMM

CITIC BANK

The deposit concentration maturity window has opened, and banks are strengthening AUM assessment to retain customers

JPMorgan Downgrades Agricultural Bank of China to Neutral from Overweight; Price Target is HK$6.10

JPMorgan Downgrades Agricultural Bank of China to Neutral from Overweight; Price Target is HK$6.10

600919

New Year Bank Retail AUM New User Upgrade, Maximum Reward Exceeds 3,000 Yuan

- In early January, banks aggressively launched "asset enhancement activities," offering rewards such as points and discounts, with some exceeding 3000 yuan.  
- Major banks like ICBC, ABC, and CCB have rolled out programs stipulating that clients can earn points or cash equivalents by increasing their average financial assets during the promotional period, emphasizing both asset growth and customer tier progression.  
- Concurrently, social media shows a surge in users exchanging rewards among institutions, raising concerns about the sustainability of customer relationships beyond initial incentives.

Bank Of Jiangsu

Banks kick off the new year with an "asset acquisition battle," while coupon hunters accelerate their "actions."

On January 12th, Agricultural Bank of China (1288.HK) maintained a slight fluctuation at a low level. The main line within the banking sector is scarce, and overall funding sentiment is cautious. There have been no significant stimulating events in the news recently, and funds are strongly on the sidelines, with the buying power of the main players significantly weakened. Throughout the day, the stock price fluctuated slightly around HKD 5.30, with multiple rallies quickly suppressed, and trading volume continued to shrink, reflecting insufficient market breakthrough willingness. From a technical perspective, the MACD daily death cross continues, KDJ and RSI are cooling down, and the short-term bottoming is repeatedly tested, making it difficult to say that support is solid. The sector is currently waiting for new pricing from the policy side, such as adjustments to deposit rates, alleviation of real estate risks, or increased regulation. In the absence of incremental stimulus, Agricultural Bank of China is expected to maintain a narrow adjustment pattern in the short term. Only if there are sudden positive developments or a shift in funds could it trigger short-term elasticity. Attention should be paid to the movements of large orders during the day and the overall temperature changes in the banking sector. Although its defensive attributes are favored by some institutions, the short-term technical signals are weak. If there are no breakthroughs in policy news and the sector continues to see outflows, caution is needed against a pullback. It is recommended that investors flexibly adjust strategies based on volume indicators and event-driven factors, and remain vigilant about the impact of sudden external variables on sentiment

Morning Trend | Agricultural Bank of China faces pressure zone, is a short-term turning point approaching with tentative capital inflow?

Morgan Stanley released a report on the outlook for the Chinese financial industry, predicting the price-to-book ratio, return on equity, and dividend yield for H-shares of domestic banks. Agricultural Bank of China is expected to have a price-to-book ratio of 0.59 times, a return on equity of 9.6%, and a dividend yield of 5.1%; Industrial and Commercial Bank of China has a price-to-book ratio of 0.48 times, a return on equity of 9.1%, and a dividend yield of 5.9%; China Construction Bank has a price-to-book ratio of 0.49 times, a return on equity of 9.7%, and a dividend yield of 5.9%; Bank of China has a price-to-book ratio of 0.46 times, a return on equity of 8.5%, and a dividend yield of 6.1%; Postal Savings Bank has a price-to-book ratio of 0.5 times, a return on equity of 8.1%, and a dividend yield of 5%; China Merchants Bank has a price-to-book ratio of 0.92 times, a return on equity of 12.6%, and a dividend yield of 4%; CITIC Bank has a price-to-book ratio of 0.44 times, a return on equity of 9.4%, and a dividend yield of 6.3%; China Minsheng Bank has a price-to-book ratio of 0.26 times, a return on equity of 5.1%, and a dividend yield of 5.8%; Bank of Communications has a price-to-book ratio of 0.42 times, a return on equity of 7.5%, and a dividend yield of 5.8%; CEB Bank has a price-to-book ratio of 0.31 times, a return on equity of 7%, and a dividend yield of 6.6%; Agricultural Development Bank of China has a price-to-book ratio of 0.4 times, a return on equity of 8.5%, and a dividend yield of 6.2%

Bank of China

CMBC

MINSHENG BANK

Morgan Stanley lists the valuation and dividend yield forecasts for Hong Kong H-shares of domestic banks this year (Table)

MB-AGBK@EC2602A(17347.HK)

Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume - Time to Buy?

The Agricultural Development Bank issued a 2-year bond with a scale of 3 billion yuan, an issuance rate of 1.6082%, an expected rate of 1.7000%, a bid multiple of 4.74 times, and a marginal multiple of 1.51 times

In "Major Banks," China International Capital Corporation: The preferred H-shares of domestic banks are ICBC, with over 50 trillion RMB deposits being repriced to alleviate net interest margin pressure

Chongqing Rural Commercial Bank Co., Ltd. Announces Resignation of Peng Yulong as Non-Executive Director Peng Yulong, Member of the Nomination Committee of the Board and the Member of the Consumer Rights Protection Committee, Effective January 23, 2026