UB-CCB @EP2612A

CCB Asia Extends Hours During Golden Week, New Accounts Surge 10-Fold Highlighting Cross-border Strength

China Construction Bank Penalized Over 1.4 Million Yuan for Multiple Violations

GZ City Investment Fund Successfully Issued First Consumption-focused REITs

BOC International Raises Target Price for ICBC to HKD 11.3

JPMorgan Reports: CCB's Q1 2026 Earnings Exceed Expectations

Goldman Sachs Maintains Buy Rating on CCB with Target Price of HKD 9.96

Citi Report Suggests Construction Bank's Q1 PPOP Growth of 13%

China Construction Bank's Q1 2026 Revenue and Non-interest Income Growth Leads Among Big Six Banks

CDB's Liquidity Coverage Ratio Rises to 138.12% in Q1 2026

Construction Bank's Q1 Net Profit Up 3.53% YoY

CCB released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue HKD 164.11 B (forecast HKD 229.17 B), actual EPS HKD 0.3741

CDB Releases 2025 Annual Report: Robust Profit Growth

CCB to Release FY2026 Q1 Earnings on April 29 Pre-Market BJT, Forecast Revenue HKD 232.17 B

A 股 Bank Stocks Surge, Several Banks Hit New Highs

Shanghai Guotou Company Hosts 2026 Angel Investment Conference to Promote Early Stage Capital Investment

Citibank: CCB's Q1 Earnings May Exceed Expectations

Goldman Sachs Maintains Buy Rating on CCB with Price Target

China Construction Bank and China Huadian Sign Strategic Cooperation Agreement

China Construction Bank Discloses Jianxin Consumer Finance's 2025 Annual Report: Net Profit Surges 170% Year-on-Year

BOC International raises target price for Construction Bank to HKD 11.28 and maintains 'Buy' rating

JOLIMARK

PANGAEA CONNECT

WEILI HOLDINGS

MAN YUE TECH

SMIT

BJ DIGITAL

FY FINANCIAL

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RADIANCE HLDGS

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Hong Kong's securities regulator has raided the local offices of CCB International and China Securities International amid an investigation into suspected misconduct related to share offerings. This action is part of a broader crackdown on the investment banking sector, following a surge in IPO activity that has raised concerns over due diligence and listing practices. The SFC's recent actions highlight ongoing regulatory scrutiny in Hong Kong's capital-raising environment.

Fidelity

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

China Construction Bank

Hong Kong watchdog raids local units of two Chinese brokerages, sources say

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CICHY

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CTJ (301153) won the procurement project of the Shaanxi Branch Headquarters of CCB, with an amount of 2.401 million yuan. The operating revenue for 2024 is 825 million yuan, and the net profit is 104 million yuan. In the first half of 2025, the operating revenue is 240 million yuan, and the net profit is -48 million yuan. The company mainly provides electronic payment solutions, smart finance, and other services

同壁财经

Hwabao WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Huaan CSI Banks ETF

WP CSI Banks ETF

ChinaAMC CSI Banks ETF

CTJ (301153): Won the procurement project of the Shaanxi Provincial Branch Headquarters of CCB, with a bid amount of 2.401 million yuan

China Construction Bank Corporation Jiuquan Branch was fined 1.8 million yuan by the Jiuquan Financial Supervision Bureau for illegal activities such as inadequate implementation of the "three checks" in credit business, issuing financial vouchers in violation of regulations, and poor employee management

China Construction Bank Corporation Jiuquan Branch was administratively punished for illegal activities such as "inadequate implementation of the 'three checks' in credit business causing significant losses of credit funds, issuing financial certificates in violation of regulations, and inadequate management of employee behavior."

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HSBC Research has lowered expectations for rate cuts in 2026 following the People's Bank of China's recent monetary policy report. The report suggests a high likelihood of net interest income expansion for Chinese banks, particularly ICBC, CCB, and Bank of China H shares. The research indicates that corporate banking is outperforming retail, with positive growth in corporate loans. Additionally, banks are advised to limit high-interest interbank time deposits to reduce competition and funding costs.

AASTOCKS News

Bank Of China

Bank of China

BANK OF CHINA

ICBC

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

China Merchants CSI BANK AH Price ETF

China Southern CSI Banks ETF

HSBC HOLDINGS

HSBC

BANKCOMM

Bank Of Communications

MINSHENG BANK

CMBC

CITIC BANK

CNCB

CEB BANK

CEB Bank

China Merchants Bank

CM BANK

HSBC 5xShortSG241213

HSBC Holdings Plc

BOC HONG KONG

HSBC Research Lowers Rate Cut Expectations Within Year; CN Banks' Net Interest Income Seen Expanding; Prefers ICBC, CCB and BANK OF CHINA H Shrs

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UBS reported that April's new RMB loans and Aggregate Financing to the Real Economy fell short of expectations, with loans contracting by RMB10 billion. Despite record bill financing, overall loan growth slowed to 5.6% YoY. UBS remains positive on Chinese banks, predicting a turning point in 2026 for net interest income and revenue. Their top picks include BANK OF CHINA, CCB, ICBC, and CITIC BANK, all rated Buy with attractive valuations and high dividend yields.

UBS Group AG

UBS: CN Apr New RMB Loans, TSF Both Miss; Top Picks BANK OF CHINA/ CCB/ ICBC/ CITIC BANK

JPM's report highlights that China's April credit data fell significantly short of expectations, with Aggregate Financing at RMB620 billion and new RMB loans decreasing by RMB10 billion. The largest recorded monthly declines in household and corporate loans were noted. The bank recommends a defensive strategy favoring the Big Four state-owned banks due to their stronger loan pipelines, while indicating deteriorating retail loan demand and a widening gap between M1 and M2 growth.

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

JPM: China Apr Credit Data Far Below Expectations, Favor Big Four State-owned Banks for Defensive Positioning

Jefferies has maintained a Buy rating on China Construction Bank (CICHF) with a price target of HK$10.60, while the shares closed at HK$8.87. The analyst consensus suggests a Strong Buy rating with an average price target of HK$10.26, indicating a potential upside of 15.63%. Additionally, DBS reiterated a Buy rating with a price target of HK$10.20 in a report from April 30.

Tip Ranks

Jefferies Financial

Jefferies Remains a Buy on China Construction Bank (CICHF)

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The People's Bank of China (PBOC) will maintain a moderately accommodative monetary policy and improve interest rate regulation. The RMB central parity against the USD is set at 6.8426, up 41 bps MoM. The three major A-share indices opened higher, with the Shanghai Composite up 0.1%, Shenzhen Component up 0.3%, and ChiNext up 0.5%. LQKJ fell over 3%, while YANGTZE OPTICAL FIBRE rose 1.4%. Bank stocks showed mixed results, with ICBC slightly up and CCB slightly down.

ChiNext

SSE Index

Shenzhen Index

YOFC

Montage Technology

BYD COMPANY

CATL

SMIC

Hua Hong

HUA HONG SEMI

Cambricon

MetaX

Moore Threads

Wingtech

MONTAGE TECH

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

SMIC HK SDR 5to1

Three Major Indices Open 0.1%0.5% Higher; LQKJ  Falls Over 3%

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Yesterday's closing, MINSHENG BANK H shares performed steadily, with a trading volume of approximately HKD 148 million, which is considered active within the banking sector. The MACD daily line formed a golden cross signal above the zero axis, indicating that the medium-term upward trend has regained momentum after a brief technical correction, with bullish forces gradually accumulating. From the recent trend, the stock price is operating above the moving average system, with effective short-term support. On the news front, the domestic bank stocks have recently been supported by multiple positive factors. China Construction Bank rose slightly by 0.91% yesterday, Industrial and Commercial Bank of China rose by 0.87%, and Bank of China rose by 1.17%, showing overall stable performance in the banking sector. The central bank's monetary policy maintains an accommodative tone, with expectations for banks' net interest margin pressure marginally improving, coupled with the easing of China-U.S. relations boosting risk appetite for Hong Kong stocks, leading to continuous allocation of southbound funds into bank stocks. As one of the higher dividend yield targets among joint-stock banks, MINSHENG BANK's attractiveness in a low-interest-rate environment has further increased. From a technical perspective, MINSHENG BANK H shares have recently maintained an upward channel, and the golden cross above the MACD zero axis is a positive confirmation of trend continuation. The trading volume of HKD 148 million indicates a high level of institutional participation, with a healthy volume-price relationship. If it can break through the upper edge of the recent fluctuation range with increased volume, it is expected to initiate a new round of upward movement. The performance of MINSHENG BANK in the A-share market has a strong reflective effect on H shares and needs to be monitored simultaneously. In terms of risks, although bank stocks have strong defensive attributes, if macroeconomic data falls short of expectations leading to heightened concerns about asset quality, or if market style shifts to growth stocks, it may result in a temporary diversion of funds

Technical Forecast

Pre-market trend | MINSHENG BANK (1988.HK) 5/11 Bank stocks see capital inflow, is a new round of breakthrough in the making?

UB-CCB @EP2612A(28727.HK)