SG#CCB RC2808H

LEOCH INT'L

STARGLORY HLDGS

METASPACEX

INTELLIMARK W27

EXTREME VISION

TRANSTECH

SINO-ENTERTAIN

GLOBALSTRAT

SHANDONG MOLONG

PT INTL DEV

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The research report from Citigroup indicates that the downward trend in the income of domestic banks has ended, and it is expected that the decline in net interest margin will significantly narrow this year, supporting profit recovery. Target prices have been raised: Bank of China from HKD 3.9 to HKD 6.7, China Construction Bank from HKD 10.4 to HKD 10.9, Bank of Communications H shares from HKD 9.2 to HKD 9.3, and Industrial and Commercial Bank of China from HKD 5.2 to HKD 7.5, all rated as "Outperform." The target price for Postal Savings Bank of China has been lowered to HKD 6.3, maintaining an "Outperform" rating. The preferred stock is China Merchants Bank

AASTOCKS

BANK OF CHINA

PSBC

BANKCOMM

China Merchants CSI BANK AH Price ETF

E Fund CSI 300 Financials (ex Banks) ETF

CM BANK

Bank Of China

Bank Of Communications

Fullgoal CSI 800 Banks ETF

WP CSI Banks ETF

Hwabao WP CSI Banks ETF

ICBC

Huaan CSI Banks ETF

China Southern CSI Banks ETF

ChinaAMC CSI Banks ETF

China Merchants Bank

In "The Big Banks," Citigroup expects a significant narrowing of the decline in net interest margin for banks this year, supporting profit recovery and generally raising target prices

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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

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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

CNCB

CITIC BANK

CEB Bank

CEB BANK

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

CICHY

China Construction Bank's CFO Steps Down

marketscreener

China Construction Bank

China Construction Bank's CFO Steps Down

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On March 31, the three major Hong Kong stock indices collectively closed lower. Market sentiment was significantly pressured by macroeconomic data fluctuations and external environmental factors, with the Hang Seng Tech Index plunging to a near two-week low. The market displayed a clear characteristic of "heavyweight retreat, thematic activity": influenced by oil price volatility and performance expectations, the oil and gas sector and leaders such as YOFC were among the top decliners, while heavyweight tech stocks like Tencent, BABA-W, and Xiaomi also generally weakened. Overall, the market lacks upward momentum in the short term, and investors are focusing on sector rotation and structural opportunities guided by macroeconomic indicators

- On March 31, Hong Kong's three major indices fell collectively, with the Hang Seng Index closing at 24,788.14, showing a slight increase of 0.15%.  
- The Hang Seng Tech Index plummeted 0.86% to 4,649.82, reaching a near two-week low due to negative sentiment in the tech sector, while the China Enterprises Index dropped 0.30%.  
- Key stocks like Tencent and Baidu showed minor gains, but major declines were observed in stocks such as Xiaomi and Alibaba, confirming market pressures amidst external economic fluctuations.

LB Select

SENSETIME-W

KUAISHOU-W

BIDU-SWR

BABA-W

CNOOC

UNITEDENERGY GP

SYNAGISTICS

SEYOND

PATEO

CMON

C TRANSMISSION

RONGZUN INT’L H

YOFC

POP MART

BYD COMPANY

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend

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

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

The three major A-share indices fell, with the ChiNext Index down 2.4%. The central parity rate of the RMB against the USD was adjusted to 6.9194. The People's Bank of China conducted a reverse repurchase operation of 32.5 billion yuan, with a net injection of 15 billion yuan for the day. Domestic bank stocks rose against the trend, with Industrial and Commercial Bank of China and China Construction Bank increasing by 0.9% and 1.5%, respectively. Agricultural Bank of China and Bank of China also saw gains. Oil, gas, and coal stocks performed poorly, with Zhongman Petroleum down 3%. Some liquor stocks rose, with Moutai up 2.3%

Moutai

The three major A-share indices in Shanghai and Shenzhen fell, with the ChiNext dropping 2.4% in half a day. The four major domestic bank stocks rose against the trend, while oil, gas, and coal stocks declined

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As of March 31, 2026, the CSI Bank Index rose by 1.20%, and the bank ETF E Fund increased by 1.22%. The six major banks (ICBC, ABC, Bank of China, CCB, Bank of Communications, PSBC) achieved double growth in revenue and net profit in 2025, with a total net profit of approximately 1.42 trillion yuan, and the total dividend amount exceeded 400 billion yuan. Looking ahead to 2026, the management is optimistic and believes that bank stocks have relative and absolute value. CITIC Securities and Guolian Minsheng Securities are both optimistic about the long-term returns of the banking sector

腾讯新闻 - 财经

E Fund CSI Banks ETF

The banking sector is active against the trend, with the E Fund Bank ETF strengthening during the day, rising over 1%. All six major banks reported increases in both revenue and net profit

AgBank leads China's big five lenders in annual profit rise

AgBank leads China's big five lenders in annual profit rise

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On the settlement day of Hong Kong stock index futures, the Hang Seng Index closed at 24,750 points, down 201 points. After the performance announcements, the stock prices of ICBC and CCB rose by 1.8% and 1.9%, respectively. U.S. stocks fell last Friday, while international oil prices rose. Home appliance stocks were under pressure, with Midea down 3.5%, Haier Smarthome down 5.4%, and Hisense down 6.4%. Among aluminum stocks, Chalco and CHINAHONGQIAO rose by 7.3% and 3.7%, respectively

CHINAHONGQIAO

HAIER SMARTHOME

Midea Group

CHALCO

MIDEA GROUP

ISHARESHSI

The Hong Kong stock index futures settlement moves downward, ICBC and CCB rise after earnings

CCB announced last year's performance, with the stock price opening down 1.7% but closing up nearly 1.9% to CNY 8.24. Bank of America Securities maintained its earnings forecast, raising the target price for H shares to CNY 9.12, with the rating upgraded from "Neutral" to "Buy." Last year's net profit increased by 1% to CNY 338.9 billion, with a stable dividend payout ratio, and a dividend of CNY 0.3887 per share. Net interest income fell by 2.9%, while non-interest net income rose by 21.2%. The non-performing loan ratio decreased to 1.31%

The article "Post-Earnings" summarizes the latest ratings, target prices, and opinions from brokerages after China Construction Bank announced its earnings

HSBC Global Research report pointed out that China Construction Bank's performance last year was slightly positive, with earnings per share falling 0.9% year-on-year to RMB 1.3, exceeding expectations. The CET1 ratio was better than expected, and the foreign ownership limit may be relaxed, supporting southbound capital inflows. The research upgraded the earnings per share forecasts for 2026 and 2027, maintaining its ratings on CCB's H shares and A shares, with target prices raised to HKD 10.7 and RMB 10.3, respectively

The report "Big Banks" slightly raised the target price of CCB to 10.7 yuan, with last year's performance being slightly positive

SG#CCB RC2808H(61617.HK)

SG#CCB RC2808H Stock Performance Chart

In "The Big Banks," Citigroup expects a significant narrowing of the decline in net interest margin for banks this year, supporting profit recovery and generally raising target prices

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

China Construction Bank's CFO Steps Down

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend