ChinaAMC SSE Financials Sector ETF Initiating Fund

Yuanbao and Ping An Property & Casualty Launch Million Medical Insurance for People with Pre-existing Conditions

Pingtouge Unveils Zhenwu Chip Plan: V900/J900 to Launch Soon, Serving 400+ Clients

Agricultural Bank of China Issues 30 Billion RMB Total Loss Absorbing Capacity Non-Capital Bonds

Bank Wealth Management Subsidiaries Accelerate Equity Market Entry, Highlighting IPO and Net Subscription Performance

Hygon Information Unveils World's First Post-Quantum Cryptography Smooth Migration Solution

Xian Lianshe Research Institute estimates Q1 2026 life insurance agents' average monthly income at around 6,000 yuan

Ping An Health and PICC Health 21-Year Review: 2025 Core Metrics Comparison and Operational Differences Analysis

Ping An Insurance increases stake in China Life by 16.26 million shares on May 14, holding reaches 14.03%

ICBC and ABC lead 2025 dividend payouts, totaling over 87 billion yuan

Shanghai Gold Exchange Absorbs ICBC as International Member

CITIC Securities Subsidiary Issues $10M Notes and Discloses Over 210Billion in Guarantees

Bank Bond Holdings Break 10 Trillion Yuan, Establishing Dual-Drive Financing Pattern of Credit and Bonds

Agricultural Bank of China Successfully Issues 30 Billion Yuan TLAC Bonds in Second Tranche of 2026

ICBC Deploys 'Zhidaitong' AI Agent Matrix to Solve Financing Difficulties in Xinjiang Cotton Region

Bank of Communications Issues 50 Billion CNY Total Loss-Absorbing Capacity Non-Capital Bonds

National Energy Group and Agricultural Bank of China Deepen Strategic Cooperation to Promote Integration of Energy and Finance

Ping An Digital Bank Unveils New Brand in 2026, Sets Goal to Be a User-Friendly Digital Bank

Ping An Life Increases Stake in China Life by approx 453 million HKD

2026 Kantar BrandZ List Released: Ping An's Brand Value Exceeds $37.2 Billion, Retains Global Insurance No. 1

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Georges Elhedery, CEO of HSBC HOLDINGS, emphasized the importance of embracing AI during the Investor Day. He noted that while AI may eliminate certain roles in finance, it will also create new opportunities. The bank is retraining employees to adapt to these changes and enhance efficiency, urging staff to collaborate with the bank in leveraging this technology.

- Georges Elhedery, CEO of HSBC HOLDINGS, stated that AI will eliminate certain jobs in finance while creating new opportunities.  
- He emphasized the importance of employees embracing AI-driven changes and collaborating with the bank to leverage this technology.  
- The Group plans to retrain employees to ensure they have the necessary skills and tools to enhance future efficiency.

AASTOCKS News

HSBC HOLDINGS

HSBC Holdings Plc

Hwabao WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

China Southern CSI Banks ETF

WP CSI Banks ETF

ChinaAMC CSI Banks ETF

HSBC 5xShortSG241213

HSBC

HSBC HOLDINGS Georges Elhedery: Employees Should Embrace AI, Work with Bank to Harness Tech

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President Trump issued an executive order increasing scrutiny on non-citizens' banking activities, directing the Treasury to identify red flags related to tax evasion and illegal account ownership. The order is less extensive than a previous proposal requiring banks to collect citizenship data, which industry executives warned would be burdensome. Analysts view the changes positively, as they aim to maintain financial access while enhancing immigration controls.

Yinhua CSI All Share Investment Banking & Brokerage ETF

Huaan CSI Banks ETF

VG Financial

Fidelity MSCI Financials Index

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Financial Select Sector SPDR Fund

iShares US Financials

Guotai CSI All Share Investment Banking & Brokerage ETF

ISHRS Us Brokers & Sec Exchg

Thomson Reuters

Trump backs down from idea of banks collecting citizenship information

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Several brokers have raised their RMB forecasts, citing China's export competitiveness and stable US trade relations. HSBC increased its year-end forecast to 6.65 per USD, while Deutsche Bank raised theirs to 6.55. Goldman Sachs predicts USD/CNY will reach 6.5 within 12 months, up from previous estimates, supported by China's trade surplus and strong exports.

- Several brokers have raised their forecasts for the RMB due to China's export competitiveness and stable trade relations with the US.  
- As of May 19, the RMB appreciated approximately 2.6% against the USD, prompting HSBC and Deutsche Bank to increase their year-end predictions to 6.65 and 6.55 per USD, respectively, citing strong exports and domestic demand recovery.  
- Goldman Sachs also anticipates continued appreciation, adjusting its forecasts for USD/CNY to 6.8, 6.7, and 6.5 over the next twelve months, supported by China's significant trade surplus.

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China Merchants CSI BANK AH Price ETF

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Brokers Raise RMB Forecasts; G Sachs Expects USD/CNY at 6.5 within 12 Mths

Corient has announced its acquisition of Capital Advisors, a registered investment advisor based in Tulsa, Oklahoma, which manages $7.8 billion in assets. This acquisition marks Corient's first office in Oklahoma and expands its client base in the South and Southwest. The partnership model of Corient, which emphasizes collaboration and comprehensive service, aligns with Capital Advisors' values. Following the acquisition, Capital Advisors' principals will become Corient Partners. This move is part of Corient's strategy to grow its presence globally, aiming to become the largest non-bank, fee-only wealth manager with approximately $470 billion in client assets upon closing of pending transactions.

fidelity

Piper Sandler Cos

Corient Announces Acquisition of Capital Advisors, Expanding its Presence in the U.S. Southwest

Unicredit has agreed to sell part of its Russian subsidiary, AO Bank, to a private investor from the UAE. The deal will lead to a write-down of approximately €3.0 to €3.3 billion, primarily due to currency reserves. Unicredit will keep the segment handling international payments for non-sanctioned clients. The sale, expected to finalize in H1 2027, will not impact shareholder distributions or the bank's profit targets for 2028-2030.

FiNews

SPDR S&P Region Bank

Invesco KBW Bank

SPDR S&P Bank Etf

Unicredit Sells Part of Its Russian Subsidiary

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Global dividend payouts rose by nearly 7% in Q1 2026, reaching a record $421 billion, driven largely by U.S. financial stocks, which contributed $45 billion. North America accounted for almost half of global payouts, with financials making up 23% of total distributions. In contrast, declines were noted in China and emerging markets due to timing shifts in dividend payments. Looking ahead, Europe is expected to lead in Q2 payouts, with potential growth from energy and commodity stocks later in 2026.

ARK Fintech Innovation ETF

Global X Fintech

US Banks Drive Dividend Record

HSBC Holdings Plc reported a drop in Q1 pre-tax profit to $9.38 billion, down from $9.48 billion last year, despite a slight increase in net profit to $6.938 billion. Revenue rose 6% to $18.6 billion, driven by growth in Wealth fees and net interest income, which increased 8% to $8.95 billion. The bank raised its fiscal 2026 banking net interest income outlook to around $46 billion. A first interim dividend of $0.10 per share was approved, payable on June 26. The company anticipates a mid-to-high single digit adverse impact on profit due to economic uncertainties.

- HSBC Holdings Plc reported a decrease in pre-tax profit for Q1, totaling $9.38 billion, down from $9.48 billion last year, mainly due to higher expected credit losses.  
- However, net profit attributable to ordinary shareholders rose slightly to $6.938 billion, and revenue increased by 6 percent to $18.6 billion, driven by growth in Wealth fees and customer activity in Hong Kong.  
- The firm raised its banking net interest income outlook for fiscal 2026 to around $46 billion, while acknowledging potential adverse impacts from global economic challenges.

rttnews

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

E Fund CSI 300 Financials (ex Banks) ETF

HSBC Q1 Pre-tax Profit Drops, Lifts FY26 Banking NII View

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BOCI has slightly raised the target price for ABCfrom HKD7.27 to HKD7.28 while maintaining a Buy rating. ABC reported a 4.5% year-on-year increase in net profit for 1Q26, up from 3.6% in 4Q25. The net interest margin decreased to 1.26% in 1Q26 from 1.28% in 2025. The broker noted an improvement in ABC's asset quality during the quarter. Short selling data indicates a ratio of 39.549% with a total of $167.01M.

BOCI Slightly Raises ABC  TP to HKD7.28, Maintains Buy Rating

JPMorgan's research report indicates that ABCexperienced a 1Q26 revenue growth of 11% YoY and a net profit growth of 5% YoY, driven by a rebound in net interest margin (NIM) and strong non-interest income. The broker anticipates that these factors will enhance the share price, assigning a Neutral rating with a target price of HKD6.25.

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JPM Expects Strong Income and NIM Inflection at ABC  to Boost Share Price, TP HKD6.25

Banks are generally satisfied with the revised Basel III capital proposal, which is seen as workable despite calls for further adjustments. Experts note that while the banking industry has gained from a more favorable framework, some areas still require improvement. The proposal aims to provide certainty for investors, contrasting with previous stricter rules. Analysts believe the changes will enhance capital availability for lending, benefiting both large and small banks, although the impact may vary by firm size.

ChinaAMC SSE Financials Sector ETF Initiating Fund(510650.SH)

HSBC HOLDINGS Georges Elhedery: Employees Should Embrace AI, Work with Bank to Harness Tech

Trump backs down from idea of banks collecting citizenship information

Brokers Raise RMB Forecasts; G Sachs Expects USD/CNY at 6.5 within 12 Mths

Corient Announces Acquisition of Capital Advisors, Expanding its Presence in the U.S. Southwest

Unicredit Sells Part of Its Russian Subsidiary