Agency and fiduciary fee income at select banks rose 27.6% year-on-year, marking the entry of bank-fund cooperation into an era of collaborative strategy development.
1) The latest interim report released by Ping An Bank shows that its agency and entrusted service fee income reached RMB 3.986 billion, a year-on-year increase of 27.6%; 2) China Merchants Bank's retail assets under management (AUM) balance exceeded RMB 18 trillion, an increase of over RMB 2 trillion compared to the same period last year; 3) Leading banks are transitioning from their traditional role as product distributors to ecosystem orchestrators, intensively launching curated fund brands and promoting a new model of bank-fund cooperation characterized by "joint strategy development and co-branding."
CITIC BANK: DATE OF BOARD MEETING
Jiangsu Expressway to Issue 590 Million Yuan in 261-Day Bonds
Jiangsu Expressway (SHA:600377, HKG:0177) will issue 590 million yuan in 261-day bonds, according to a Thursday filing with the Shanghai bourse.The bonds have an issuance rate of 1.41% and form part
China CITIC Bank (00998.HK) has completed the issuance of RMB 20 billion in green financial bonds.
China CITIC Bank (00998.HK) announced that today (the 10th), it successfully completed the issuance of its 2026 Green Financial Bond (Series I) in the national interbank bond market. The issuance size of this tranche is RMB 20 billion, with a tenor of three years and a fixed coupon rate of 1.53%.
China CITIC Bank (601998.SH): Issuance of the 2026 Green Financial Bond (Series I) (Bond Connect) Completed
Gelonghui, August 10 — China CITIC Bank (601998.SH) announced that, with the approval of the People's Bank of China, China CITIC Bank Corporation Limited has recently successfully issued the first tranche of its RMB 20.0 billion Green Financial Bond due 2026 (Bond Connect) in the national interbank bond market. The bond was book-built on August 6, 2026, and fully issued on August 10, 2026. The bond has a three-year maturity with a fixed coupon rate of 1.53%. Proceeds from this bond issuance will be used in accordance with applicable laws and approvals from regulatory authorities,
Shenzhen Expressway to Complete Issuance of 1 Billion Yuan of Three-Year Debts
Shenzhen Expressway (SHA:600548) is set to complete the issuance of 1 billion yuan of three-year debts on Friday, according to a same-day filing with the Shanghai bourse.Proceeds from the debts
Chinese Stocks Climb 1.5%
This article was automatically generated by Dow Jones using technology from Automated Insights. Stocks in China gained Wednesday, as the Shanghai Composite Index gained 1.5% to 3878.43. Among local
CITIC Securities Unit Secures 100 Million Yuan Guarantee for Credit Facility
CITIC Securities' (SHA:600030, HKG:6030) indirect subsidiary CITIC CCFC Capital Management has secured a 100-million-yuan credit facility from CITIC Bank (SHA:601998, HKG:0998) for over-the-counter
Capital inflows and high dividend payouts drive the banking sector: ICBC and CCB hit record highs, while CMB returns to a market capitalization of over RMB 1 trillion
On July 30, the A-share market as a whole underwent a correction, while the banking sector strengthened against the broader market trend. As of the close of trading that day, Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) closed at RMB 8.15...
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
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
China CITIC Bank (601998.SH): Deputy President Shen Qiang's appointment qualification has been approved.
Gelonghui, July 28 — China CITIC Bank (601998.SH) announced that the bank recently received the 'Reply from the National Financial Regulatory Administration on Shen Qiang's Qualification for Appointment as Deputy Governor of China CITIC Bank' (Jin Fu [2026] No. 389), confirming that Mr. Shen Qiang has been approved by the National Financial Regulatory Administration to serve as Deputy Governor of the bank. Mr. Shen Qiang officially assumed the role of Deputy Governor of the bank effective July 24, 2026.
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
BofA Securities' Investment Ratings and Target Prices for H-share Chinese Banks (Table)
BofA Securities published a research report, listing the investment ratings and target prices for Chinese bank stocks as follows: Stock | Investment Rating | Target Price (HKD) Agricultural Bank of China (01288.HK) | Neutral → Buy | HK$6.06 → HK$6.29 Bank of China (03988.HK) | Neutral | HK$5.21 → HK$5.39 Bank of Communications (03328.HK) | Neutral | HK$7.00 → HK$6.96 China Construction Bank (00939.HK) | Buy | HK$9.69 → HK$9.72 ICBC (01398.HK) | Buy | HK$7.60 → HK$7.69 Postal Savings Bank of China (01
Bank of America Securities upgraded Agricultural Bank of China (1288.HK) to 'Buy' rating, citing expectations of improved average profit growth among Chinese banks' H-shares in the first half of the year.
Bank of America Securities published a report noting that the average net profit growth expectation for Chinese banks’ H-shares in the first half of the year has improved from 1.1% year-on-year in Q1 to 1.7%. Pre-provision profit growth rose from 1.5% in fiscal year 2025 to 9.2% in Q1, and is expected to remain strong in the first half. The firm remains positive on large banks due to their high earnings visibility and attractive dividend yields. It upgraded Agricultural Bank of China’s (01288.HK) H-share rating from 'Neutral' to 'Buy,' China Merchants Bank’s (600036.SH) A-share rating from 'Underperform' to 'Buy,' and ABC’s A-shares (601288.SH) from '
Mounting disposal pressures and transaction bottlenecks are converging, leading to high auction failure rates for banks’ online 'direct-sale' properties.
As of July 27, data from JD.com's asset trading platform shows that there are already 688 residential properties listed for auction under the statuses of 'ongoing' and 'upcoming,' with banks...
Top Bright Unit Disposes of 30 Million Yuan Structured Deposit
Top Bright Holding (TPE:8499) subsidiary Long Young Electronic (Kunshan) disposed of 30 million yuan in structured deposits with China CITIC Bank (HKG:0998, SHA:601998), according to a Friday Taiwan
Hong Kong-listed financial stocks rallied collectively in the short term, as the sector's defensive characteristics and catch-up rally dynamics reinforced each other.
① Hong Kong-listed financial stocks have collectively strengthened in the short term— which individual stocks are showing active price movements? ② With both defensive characteristics and catch-up potential driving the sector, how do institutional investors view upcoming opportunities?
China Citic Bank International Files for Singapore Listing of 1.33 Billion Yuan Bonds
China Citic Bank International (HKG:0998, SHA:601998) filed for the listing of 1.33 billion yuan worth of undated non-cumulative subordinated add Tier 1 capital bonds on the Singapore bourse,
China Citic Bank International Files for Singapore Listing of $500 Million Bonds
China Citic Bank International (HKG:0998, SHA:601998) filed for the listing of $400 million worth of undated Tier 1 capital bonds on the Singapore bourse, according to a filing with the Singapore