China Southern CSI Banks ETF

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

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

Shanghai Gold Exchange Absorbs ICBC as International Member

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

ICBC Adjusts Risk Level of Gold Accumulation Business

CMB Appoints Wang Xiaoqing as New President

Rongchang Biotech Purchases Multiple Wealth Management Products from SPDB Yantai Branch

Agricultural Bank of China Issues RMB 35 billion Subordinated Bonds

Bank Wealth Management Subsidiaries Actively Participate in IPOs

ICBC Launches 'GYXY' Fund Sales Service Brand

ICBC Adjusts Risk Grades for 如意金积存 Business

Ping An Asset Management Increases Holdings in Agricultural Bank to 28.03%

Heze Intermediate People's Court Announces Verdict in Xu Xilong Bribery Case

Minsheng Bank's Net Interest Margin Stabilizes, Revenue Grows but Net Profit Drops Sharply

Agricultural Bank Successfully Issued 35 Billion Yuan of Additional Tier 2 Capital Bonds

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Standard Chartered plans to hire more relationship managers in Singapore while cutting over 15% of its global corporate function headcount by 2030, resulting in more than 7,000 job losses. The bank aims to enhance productivity through AI and automation. Despite the cuts, it remains committed to business growth in Singapore and ASEAN, aligning with government workforce transformation plans. The bank also targets a lower cost-to-income ratio and aims to increase its return on tangible equity to over 15% by 2030.

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Standard Chartered PLC

STANCHART

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Huaan CSI Banks ETF

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

OCBC Bank

United Overseas Bank (UOB)

StanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear

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Agricultural Bank of China has successfully issued RMB35 billion in 2026 Tier 2 Capital Notes, consisting of a 10-year tranche of RMB33 billion at 1.97% and a 15-year tranche of RMB2 billion at 2.27%. The proceeds will enhance the bank's Tier 2 capital, supporting regulatory compliance and future growth. This issuance reflects strong investor interest in the bank's subordinated instruments. The latest analyst rating for the bank's stock is a Buy, with a price target of HK$6.20.

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China Merchants CSI BANK AH Price ETF

Fullgoal CSI 800 Banks ETF

Agricultural Bank of China Raises RMB35 Billion with 2026 Tier 2 Capital Notes

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HSBC Research has lowered expectations for rate cuts in 2026 following the People's Bank of China's recent monetary policy report. The report suggests a high likelihood of net interest income expansion for Chinese banks, particularly ICBC, CCB, and Bank of China H shares. The research indicates that corporate banking is outperforming retail, with positive growth in corporate loans. Additionally, banks are advised to limit high-interest interbank time deposits to reduce competition and funding costs.

AASTOCKS News

Bank Of China

Bank of China

BANK OF CHINA

China Construction Bank

ICBC

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

HSBC HOLDINGS

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Bank Of Communications

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CMBC

CITIC BANK

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CEB BANK

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China Merchants Bank

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HSBC 5xShortSG241213

HSBC Holdings Plc

BOC HONG KONG

HSBC Research Lowers Rate Cut Expectations Within Year; CN Banks' Net Interest Income Seen Expanding; Prefers ICBC, CCB and BANK OF CHINA H Shrs

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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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Deutsche Bank AG

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Goldman Sachs

HSBC Holdings plc ADRhedged

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ChinaAMC SSE Financials Sector ETF Initiating Fund

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

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UBS reported that April's new RMB loans and Aggregate Financing to the Real Economy fell short of expectations, with loans contracting by RMB10 billion. Despite record bill financing, overall loan growth slowed to 5.6% YoY. UBS remains positive on Chinese banks, predicting a turning point in 2026 for net interest income and revenue. Their top picks include BANK OF CHINA, CCB, ICBC, and CITIC BANK, all rated Buy with attractive valuations and high dividend yields.

UBS Group AG

UBS: CN Apr New RMB Loans, TSF Both Miss; Top Picks BANK OF CHINA/ CCB/ ICBC/ CITIC BANK

JPM's report highlights that China's April credit data fell significantly short of expectations, with Aggregate Financing at RMB620 billion and new RMB loans decreasing by RMB10 billion. The largest recorded monthly declines in household and corporate loans were noted. The bank recommends a defensive strategy favoring the Big Four state-owned banks due to their stronger loan pipelines, while indicating deteriorating retail loan demand and a widening gap between M1 and M2 growth.

JPMorgan Chase

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JPMorgan Chase & Co.

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JPM: China Apr Credit Data Far Below Expectations, Favor Big Four State-owned Banks for Defensive Positioning

Middle Eastern banks, including First Abu Dhabi Bank and Mashreq Bank, are expanding their operations in Hong Kong to enhance connectivity with China and support foreign business growth amid economic uncertainty. First Abu Dhabi Bank plans to double its office space, while Mashreq Bank is relocating to a larger office. Sohar International Bank is also establishing a representative office in Hong Kong. These moves are part of a broader strategy to internationalize and strengthen ties with China, as Hong Kong serves as a key gateway for capital movement into China.

Jones Lang Lasalle

Middle Eastern banks tap China growth by beefing up presence in Hong Kong

First Abu Dhabi Bank (FAB) has announced the issuance of a five-year USD benchmark sukuk, with initial price thoughts (IPTs) in the 115bps area over US Treasuries. The sukuk, part of a $5 billion Trust Certificate Issuance Programme, is expected to be rated in line with FAB's ratings of Aa3 by Moody’s and AA- by Fitch and S&P. Joint lead managers include Abu Dhabi Islamic Bank, Dubai Islamic Bank, and Standard Chartered Bank. The sukuk will be priced today, with a settlement date of May 13, and will be listed on the London Stock Exchange.

Zawya

ZAWYA: First Abu Dhabi Bank to issue a 5-year USD benchmark sukuk, IPTs in 115bps area

Citi reported that HSBC HOLDINGSrecorded a 1Q pre-tax profit of USD10.1 billion, aligning with market expectations, while revenue exceeded forecasts by 2%. The CET1 ratio was 14%, meeting forecasts. However, reported pre-tax profit was USD9.4 billion, 2% below expectations due to losses from disposals. HSBC raised its net interest income guidance but increased loan loss guidance. Expected credit losses were USD1.3 billion, 9% above consensus, with USD300 million linked to Middle East risks.

- Citi reported that HSBC HOLDINGS recorded a 1Q pre-tax profit of USD 10.1 billion, aligning with market expectations, while revenue exceeded forecasts by 2%.  
- The bank updated its full-year 2026 guidance, increasing net interest income expectations but raising loan loss forecasts, and achieved a return on tangible equity of 18.7%.  
- The report also noted expected credit losses of USD 1.3 billion, 9% above consensus, with USD 300 million attributed to risks from the Middle East conflict.

Citigroup

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Citi: HSBC HOLDINGS  1Q Pre-tax Profit In Line; Provisions 9% Above Forecast

HSBC reported a $1.3 billion charge in credit impairments for Q1, driven by a U.K. firm and Middle East turmoil. CFO Pam Kaur outlined a bleak scenario with stock markets down 35% and oil at $145. Despite a 4% revenue rise to $19.1 billion, shares fell 5% in London. The bank is pushing into digital assets, including a tokenized gold product and plans for a Hong Kong-dollar stablecoin. HSBC raised its banking net interest income forecast to $46 billion and increased expected credit losses to 45 basis points.

- HSBC reported $1.3 billion in credit impairments in the first quarter, primarily due to a write-down related to a U.K. financial sponsor and Middle East turmoil.  
- The bank's pretax profits remained flat at $10.1 billion, with revenue increasing by 4% to $19.1 billion, while its provision for credit losses was higher than analyst expectations.  
- HSBC is also expanding into digital assets, including a tokenized gold product and plans for a Hong Kong-dollar stablecoin, amid ongoing adjustments in its operations.

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

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HSBC's darkest scenario: stock markets down 35% and oil at $145

China Southern CSI Banks ETF(512700.SH)