E Fund CSI 300 Financials (ex Banks) ETF

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Asia Pacific banks are expected to increase loan loss provisions due to the ongoing Iran conflict, which is impacting economic prospects in the region reliant on Middle Eastern oil. Analysts indicate that banks in Australia, Singapore, and India are flagging potential credit hits, with provisions set aside significantly lower than during the COVID-19 pandemic. The Asian Development Bank has revised its growth forecast downwards, and banks are bracing for potential credit losses amid rising oil prices and economic instability. The situation remains fluid, with banks cautiously assessing risks and preparing for possible disruptions.

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Analysis-Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on

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CITIC Securities forecasts a structural bull market for A-shares in late 2026, driven by structural prosperity and concentrated capital. Investors are advised to adopt a strategy focused on 'prosperity as the main theme,' emphasizing two key areas: 'computing power bull' and 'recovery bull.' The AI computing power sector is not yet in a bubble, while the recovery bull is supported by 'PPI-external demand.'

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STOCKS | CITIC Securities Predicts Structural Bull Market for A-Shares in Late 2026

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Hanhua Financial Holding Co., Ltd. has announced a postponed extraordinary general meeting on May 29, 2026, in Chongqing to implement a competitive election for an independent non-executive director. Candidates Zhang Weihua and Zhang Run will be voted on separately, emphasizing shareholder participation and governance. The meeting will detail voting procedures, reflecting the company's commitment to formal governance and potentially impacting board composition and stakeholder confidence. Hanhua Financial Holding operates in the Hong Kong and mainland China markets, with a current market cap of HK$772.8M.

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HANHUA FIN

Hanhua Financial Holding Sets Competitive Vote for Independent Director at Postponed EGM

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FNCL

Value Convergence Holdings Limited has announced its board and committee structure, featuring five executive directors and three independent non-executive directors, co-chaired by Mr. Wong Kam Fat, Tony and Mr. Zhang Li. The company emphasizes governance with independent directors chairing the Audit, Remuneration, and Nomination committees. Value Convergence, listed on the Stock Exchange under stock code 821, operates in the financial services sector, focusing on securities brokerage and corporate finance in Hong Kong and Greater China.

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Value Convergence Sets Out Board and Committee Structure

HSBA

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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.

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

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BOCI has slightly raised the target price for CM BANKfrom HKD59.58 to HKD59.61 while maintaining a Buy rating. The bank reported a net profit growth of 1.5% YoY in 1Q26, with solid fundamentals and strong asset quality, despite a decline in NIM. The broker expects CM BANK to achieve the highest ROAE among its peers in 2026. Short selling data indicates a ratio of 41.995% with a total of $221.89M.

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CM BANK

China Merchants Bank

BOCI Slightly Raises CM BANK  TP to HKD59.61, Maintains Buy

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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.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

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

STAN

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Major banks and financial institutions have released their economic growth estimates. UOB predicts a decrease of 0.2%, while RBC and Standard Chartered forecast an increase of 1.3%. Other forecasts range from 1.6% by Dekabank to 3.9% by Société Générale. The previous growth was 0.5%, and Reuters had expected a 2.3% increase.

Major Banks and Financial Institutions Release Economic Growth Estimates

STANCHARTreported a 16.5% YoY increase in profit before tax to USD2.45 billion for 1Q26, surpassing estimates. Operating income rose 9.7% YoY to USD5.902 billion, with EPS at USD0.742. Net interest income edged up 1% to USD2.9 billion, while non-interest income climbed 16% to USD3 billion. The bank maintained its 2026 guidance, expecting stable net interest income and flat costs. A USD1.5 billion share buyback program is ongoing, with 22 million shares repurchased for USD471 million, reducing the share count by 0.96%.

STANCHART  1Q26 PBT USD2.45B Up 16.5% YoY, Beats Ests

E Fund CSI 300 Financials (ex Banks) ETF(512070.SH)

Analysis-Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on

STOCKS | CITIC Securities Predicts Structural Bull Market for A-Shares in Late 2026

Hanhua Financial Holding Sets Competitive Vote for Independent Director at Postponed EGM

Value Convergence Sets Out Board and Committee Structure

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