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

Gelonghui FinanceAug 5 11:09

Following the four major state-owned banks, local small and medium-sized banks have rolled out new large-denomination certificates of deposit in July, with terms up to three years and annualized yields as high as 1.9%.

① Since Bank of China became the first to launch new large-denomination certificates of deposit (CDs) on July 1, nearly 20 local small and medium-sized banks have successively issued announcements introducing new large-denomination CDs—a number far exceeding that of June. ② Currently, the maximum maturity of large-denomination CD products offered by all local banks does not exceed three years, with short-term products remaining dominant. ③ Local banks’ recent continued issuance of large-denomination CDs may well be a reactive move, possibly spurred by the recent launches from the four major state-owned banks.

cls.cnAug 5 09:59

Goldman Sachs Sticks to Its Buy Rating for Bank of China (BACHF)

TipRanksAug 5 08:37

Express News | Banking stocks declined against the market trend, with all four major state-owned banks—ICBC, ABC, BOC, and CCB—falling more than 3%.

Banking stocks declined against the market trend during trading, with all four major state-owned banks—ICBC, ABC, BOC, and CCB—falling more than 3%. Chongqing Rural Commercial Bank, Xiamen Bank, Qingdao Rural Commercial Bank, Changsha Bank, and Qilu Bank were among the worst performers.

BreakingsAug 4 10:44

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)

BreakingsAug 3 19:53

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...

wallstreetcnAug 2 09:18