The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.

The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."

cls.cn12:30

Morgan Stanley's investment rating and target price for China mainland banking stocks (table).

Morgan Stanley released a research report outlining the investment ratings and Target Price for China Mainland Banking as follows: Shares | Investment Rating | Target Price (HKD) Postal Savings Bank Of China (01658.HK) | Shareholding | 5.7 HKD Industrial And Commercial Bank Of China (01398.HK) | Shareholding | 6.3 HKD China Construction Bank Corporation (00939.HK) | Shareholding | 7.55 HKD Agricultural Bank Of China (01288.HK) | Shareholding | 5.25 HKD Bank Of China (03988.HK) | Neutral | 4.15 HKD Bank Of Communications (03328.HK) | Shareholding.

AASTOCKSMar 14 16:26

The macro firm has predicted the year-on-year change in net profit for China Mainland Banking stocks in the fourth quarter of last year (table).

JPMorgan published a report listing the forecasts for the annual changes in net profit for China Mainland Banking stocks in the fourth quarter of last year: Stocks │ Annual change in net profit for the fourth quarter │ Annual change in profit before provisions for the fourth quarter Agricultural Bank (01288.HK) │ +4% │ +7% Bank of China (03988.HK) │ +3% │ +6% Construction Bank (00939.HK) │ +3% │ +10% Industrial and Commercial Bank (01398.HK) │ +2% │ +7% Bank of Communications (03328.HK) │ +6% │ +9% Postal Savings Bank Of China (01658.HK) │ +4% │ +27% China Merchants Bank (03968.HK) │ +8% │

AASTOCKSMar 14 16:25

According to Morgan Stanley, it is expected that state-owned domestic banks will earn 2% more in the last quarter, estimating a 10% year-on-year increase in pre-provision profits for domestic banks.

JPMorgan released a report stating that Ping An Bank (000001.SZ) will announce its performance after the market closes today, marking the beginning of the reporting period for the domestic banking industry. Overall, the bank expects improvements in domestic bank revenues and pre-provision operating profit (PPOP) growth, while profit growth trends will show differentiation. The bank indicated that according to data released by China's National Financial Regulatory Administration on the banking sector for the fourth quarter of last year, the net interest margin contracted by 2 basis points quarter-on-quarter last season (compared to a contraction of 3 basis points in the third quarter of 2024). It is expected that state-owned joint-stock banks will see a 2% year-on-year increase in net profit for the fourth quarter of last year, while domestic banks are anticipated to experience a 10% year-on-year increase in pre-provision operating profit for the previous season compared to last year.

AASTOCKSMar 14 16:25

Express News | Beijing SPC Environment Protection Tech: 2 billion yuan medium-term notes have been approved for registration.

BreakingsMar 13 20:07

Dividend Assets have become attractive again! The Hang Seng Index has dropped over 1400 points in the last five days, while high-yield stocks such as Coal Banks "refuse to correct."

① The Hang Seng Index has fallen more than 1,400 points in the past five days. Why do dividend-paying Assets remain resilient? ② High-yield stocks such as Coal and Banks "refuse to retreat". What bullish factors may continue to drive the market?

cls.cnMar 13 14:51