Express News | Longsys: Obtained a Letter of Commitment issued by Shenzhen Branch of China Construction Bank Corporation, agreeing to provide a dedicated loan facility for the company's current share repurchase, with a committed loan amount not exceeding RMB 720 million.
China Construction Bank (00939.HK): Redemption Completed for Domestic 2021 Tier 2 Capital Bond (Series I) (Tranche I)
Gelonghui, August 11 — China Construction Bank Corporation (00939.HK) announced that in August 2021, the bank issued RMB 80 billion worth of Tier 2 capital bonds in the national interbank bond market, comprising two tranches. Tranche One (“the Bonds”) is a 10-year fixed-rate bond with an issuer’s conditional call option at the end of the fifth year, with an issuance size of RMB 65 billion. Pursuant to the relevant provisions of the offering circular for the Bonds, the bank holds an issuer call option and is entitled to redeem the Bonds on the last day of the fifth interest period (i.e., August 10, 2026
Industrial Securities: Who Is Buying Hong Kong Stocks?
Among the four categories of capital flows, southbound capital has been the primary driver increasing positions in Hong Kong-listed equities since July, while foreign capital began returning significantly from mid-July.
WisdomTong Northbound Stock Holdings Analysis | August 10
Stock Connect Holdings Analysis | August 7, 2026
Hong Kong Stocks Movement | Domestic bank stocks continue to adjust, with China Everbright Bank and CITIC Bank posting four consecutive days of declines as profit-taking pressure persists.
Gelonghui, August 5 | Hong Kong-listed mainland Chinese bank stocks continued to decline, with Minsheng Bank down 1.7%, Postal Savings Bank of China and China Zheshang Bank each falling 1.5%, CITIC Bank dropping 1.4%, and China Everbright Bank, Bank of China, China Merchants Bank, and Agricultural Bank of China all declining by more than 1%. Bank of Communications and China Construction Bank also followed lower. Additionally, shares such as China Everbright Bank and CITIC Bank have posted consecutive losses for four trading days. Today’s continued pullback appears to reflect a combination of profit-taking following July’s sharp rally and growing concerns over fundamentals. As previously noted, the five major state-owned banks had just reached record highs at the end of July. However, market sentiment has clearly reversed in August, with sustained declines observed since the start of the month. Market analysts suggest that during previous periods of heightened volatility in the broader Hong Kong market
Zhito Hong Kong Market Insight | Korea's Deleveraging Nears Completion, Tech Sector Rebounds Strongly—Rekindling Faith in 'Light'
Whenever technology stocks rise, Hong Kong-listed equities decline, resulting in an inverse correlation. This is driven by inherent structural factors rather than poor market sentiment; the Hang Seng Index fell 0.60% today.
Express News | Experts say purchasing five-year large-denomination certificates of deposit (CDs) is preferable to fixed-term deposits.
Public information shows that ICBC recently resumed issuing five-year large-denomination certificates of deposit. Since July, the four major state-owned banks—Bank of China, Agricultural Bank of China, China Construction Bank, and ICBC—have successively launched five-year large-denomination CD products. Lou Feipeng, a researcher at Postal Savings Bank of China, believes that for investors with low risk tolerance, purchasing five-year large-denomination CDs currently offers certain portfolio allocation value. Large-denomination CDs support transfer and pledging, offering better liquidity than ordinary fixed-term deposits. (CNR)
The four major state-owned banks have collectively relaunched their five-year large-denomination certificates of deposit, with the highest interest rate at 1.6%.
On August 1, ICBC listed the first and second tranches of its five-year individual large-denomination certificates of deposit for 2026, with annualized interest rates of 1.60% and 1.55%, respectively...
New regulations requiring clear disclosure of the comprehensive financing cost of personal loans will take effect on August 1, with multiple institutions proactively publishing relevant information in advance.
On August 1, the 'Provisions on Disclosure of Comprehensive Financing Costs for Personal Loan Business' officially came into effect. According to the provisions, lenders engaging in personal loan business shall disclose to...
All four major state-owned banks are now on board! ICBC today resumed issuance of five-year large-denomination certificates of deposit, with a uniform pricing of up to 1.6%—what does this signal?
Following the Bank of China, Agricultural Bank of China, and China Construction Bank—which are three major state-owned banks—listing five-year large-denomination certificates of deposit (CDs) in July, Industrial and Commercial Bank of China has also chosen to follow suit. As of now, all four major banks have set the highest rate for their current round of five-year large-denomination CDs at 1.6%.
Market Snapshot | The three major indices moved mixed, with the Hang Seng Tech Index down over 1%; semiconductor stocks declined, with Tianshu Zhixin falling nearly 15% and SMIC dropping nearly 8%; New Oriental surged nearly 19% after earnings; Zhongji Xu
Tech and internet stocks rose broadly, with Xiaomi Group down 2.63% and JD.com up 1.98%; smartphone supply chain stocks declined, with Hua Hong Hongli down 8.26% and SMIC down 7.74%; oil stocks performed strongly, with Yanchang Petroleum International up 7.41% and CNOOC up 2.89%;
Express News | 14:00 Quick Commentary: Sentiment Slightly Recovers; Capital Flows Return to Computing Hardware Sector
The market rebounded from afternoon lows, with the declines of the three major indices narrowing. The ChiNext Index briefly fell by more than 6.5% during the session. In terms of trading volume, the combined turnover of the two markets in the first hour decreased by RMB 10.7 billion compared to the previous session, with total daily turnover expected to reach RMB 2.33 trillion. Market sentiment improved modestly, and capital flows partially returned to the computing hardware sector—which had led the morning losses. Demingli, a memory chip concept stock, surged to its daily trading limit in the afternoon, while CPO-related stocks Xinyisheng and Zhongji Xuchuang saw their losses significantly narrow. The banking sector gained ground amid volatility, with China Construction Bank hitting another all-time high. The chemical sector also showed some activity, though overall strength remained limited.
Hong Kong-listed bank stocks rose broadly, with the 'Big Five' banks all reaching record highs.
The banking sector rose against the broader market trend, with ICBC and China Construction Bank both hitting record highs. Bank ETFs—including Bosera Bank ETF, Huaan Bank ETF, Huatai-Peijun Bank ETF, Tianhong Bank ETF, Penghua Bank ETF, GF Bank ETF, China Fortune Bank ETF, Southern Bank ETF,华夏 Bank ETF, Huitianfu Bank ETF, and E Fund Bank ETF—all gained more than 1%. These bank ETFs passively track the CSI Bank Index, which comprises 42 listed banks on the A-share market. Nearly 30% of their holdings are allocated to large state-owned banks such as ICBC, Agricultural Bank of China, and Bank of Communications, capturing opportunities tied to the 'high dividend yield' theme; approximately 70% of the portfolio is concentrated in
Express News | A-Share Midday Commentary: STAR 50 Index Opens Lower and Extends Decline, Falling Over 6%; AI Hardware Sector Leads Sharp Losses
Markets underwent a broad correction in the morning session, with the ChiNext Index, Shenzhen Component Index, and STAR 50 Index all opening lower and continuing to decline. As of midday, the Shanghai Composite Index fell 1.15%, the Shenzhen Component Index dropped 3.79%, the ChiNext Index plunged 5.89%, and the STAR 50 Index tumbled 6.34%. Combined trading volume for the Shanghai and Shenzhen stock exchanges reached RMB 1.45 trillion in the first half of the day, down RMB 26.4 billion from the previous trading day. Market sentiment was fragmented, with more than 3,400 stocks declining across both exchanges. ChangXin Memory Technologies (CXMT) slid over 5% to close at RMB 50.20, with trading volume nearing RMB 25 billion. The education sector continued to rally, with Chuanzhi Education logging its fourth consecutive daily limit-up and Xueda Education hitting the daily trading cap. The liquor sector rebounded again, with Jinzhongzi Jiu, Tuopai Shede Spirits, and Jinhui Jiu all reaching their daily upside limits. The banking sector staged a counter-trend rally during the session, with ICBC and China Construction Bank both reaching record highs. Additionally, the CPO concept segment in the A-share market suffered another sharp sell-off: Source Photonics fell nearly 18%, Neophotonics dropped over 16%, and Zhongji Xuchuang and Lianxun Instruments each declined more than 15%. The memory chip sector also extended its steep losses, with Allwinner Technology, Yango Silicon, Wellead Nanotech, and Hua Hong Hongli all falling over 14%.
Earning Nearly RMB 100 Billion Less in Just Six Months: How Can Bank Wealth Management Products Break Free from the 'Low-Yield Trap'?
Yield declined by 75 basis points over two years
Amid market turbulence, which funds have preserved their net asset value?
① Recently, the technology growth sector in China's A-share market experienced a sharp correction, leading to significant divergence in public mutual fund net asset values, with some funds heavily concentrated in a single sub-sector posting drawdowns exceeding 40% in a single month; ② Amid this heightened volatility, three types of strategies demonstrated notable resilience: actively reducing equity exposure to lock in gains, cross-sector diversified allocation, and high-dividend, low-volatility approaches.
Bank of America Securities: Upgrades Agricultural Bank of China (1288.HK) to "Buy"; H-share profits of Chinese banks expected to show improved average growth in the first half
Sectoral loan growth slowed from a year-on-year increase of 6.2% in December 2025 to 5.7% in March 2026 and further to 5.2% in June 2026, primarily weighed down by persistently weak credit demand.
Shanghai Stock Exchange-listed companies have already distributed over RMB 1 trillion in dividends for 2025 annual reports, with an additional RMB 120 billion set to be disbursed soon.
① As of July 28, Shanghai Stock Exchange-listed companies have already distributed over RMB 1 trillion in cash dividends for their 2025 annual reports, with the remaining approximately RMB 120 billion in dividend payments set to be disbursed intensively in the near term; ② Dividend Low Volatility ETFs, which combine high dividend yields with low volatility characteristics, are becoming a key focus for incremental capital allocation. Dividend-focused ETFs have recorded cumulative net inflows of nearly RMB 23 billion year-to-date, including nearly RMB 2 billion in net inflows since July.
Hong Kong Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.61%; tech and internet stocks advanced, NetEase and JD.com rising over 4%; memory-related stocks plunged, with CSOP Two Times Leveraged SK Hynix ETF down 30% and
Tech stocks rose broadly, with NetEase up 4.50% and JD.com Group-SW gaining 4.11%; most lithium battery stocks declined, with Senior Material down 7.97% and Ganfeng Lithium down 5.05%; Hong Kong retail stocks weakened, with Bonjour Holdings falling 7.27% and Chow Tai Fook dropping 4.05%;
UBS Group expects Agricultural Bank of China (1288.HK), Industrial and Commercial Bank of China (1398.HK), Bank of Communications (3328.HK), and China Merchants Bank (3968.HK) to report relatively strong second-quarter earnings.
UBS Group stated in a report that Chinese banks will begin releasing their second-quarter 2026 earnings on August 14, which is expected to serve as a positive catalyst, supported by stable net interest margins, accelerating growth in net interest income, solid revenue growth, and steady net profit growth. However, revenue growth for some banks may slow compared to the first quarter. Credit costs are expected to rise year-over-year for most banks due to one-off reclassifications of credit card non-performing loans and rebuilding of provisions for non-performing loans. Overall, certain regional banks are anticipated to post stronger revenue and net profit growth, while state-owned banks are expected to outperform joint-stock banks in the upcoming earnings season. Recent fund flows