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

China Life (02628.HK) was increased by Ping An Asset Management by 25.461 million shares

JPMorgan Cuts China Property Insurance Stake by 4.91M Shares on May 14, Raising About 75.1M HKD

SAFE Chief Zhu Hexin Meets AIA Chairman Sir Mark Tucker to Discuss Insurance Development

As green transformation accelerates, China Life explores solutions

AIA Plans to Repurchase 5.155 Million Shares for HKD 445.63 Million

JPMorgan Raises MSCI Hong Kong Index Target to 16,500 Points on Positive Fundamentals

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

Bank of China and AIA Deepen Bank-Insurance Synergy to Build New Asia-Pacific Partnership Benchmark

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

AIA (01299) spends 276 million HKD to repurchase 3.192 million shares

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

AIA Repurchases 1.375 Million Shares for HKD 120 Million Last Friday, Cumulative Buybacks Reach 200 Million Shares

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

China Life Shaanxi Media Tour: Silver Age Health Insurance System Supports Livelihood Protection and Claims Service

China Life Pilots Long-Term Care Insurance ('Sixth Insurance') in Hanzhong, Shaanxi

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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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

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

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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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GLN International has expanded its QR payment coverage across Mainland China by integrating with the Weixin Pay network. This allows users to make seamless payments at Weixin Pay merchants without needing local apps, enhancing convenience for travelers. The expansion builds on GLN's partnership with UnionPay International, significantly increasing QR payment accessibility. The service is available through various Korean financial apps, with plans to include more partner channels. CEO Suk Lee emphasized the goal of providing a simple and convenient payment experience for users abroad, similar to what they enjoy at home.

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GLN International Expands QR Payment Coverage Across Mainland China Through Weixin Pay Network

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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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CITIGROUP INC 6.250 NON CUM SER II PFD WI

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

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Citi's research report highlights ICBC's solid 1Q26 results, with a 9.2% YoY increase in pre-provision operating profit and a net profit of RMB86.9 billion, despite higher credit costs. The bank's ROA and ROE declined slightly. Citi anticipates a positive market response and expects ICBC to receive a capital injection of nearly RMB100 billion, leading to a 3-4% EPS dilution. However, the valuation remains attractive, with a target price of HKD7.95 and a Buy rating maintained.

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Citi: ICBC  1Q26 Results Solid, Attractive Valuation; Reiterates Buy

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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.

VC HOLDINGS

Value Convergence Sets Out Board and Committee Structure

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CGSreported a net profit of RMB3.32 billion for 1Q26, marking a 10.1% year-on-year increase. Operating revenue rose by 15.7% to RMB7.355 billion, with earnings per share (EPS) at RMB0.28. The stock saw a rise of 3.4%, with short selling amounting to $20.02 million and a ratio of 9.022%.

CGS  1Q26 Net Profit RMB3.32B, Up 10.1% YoY

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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ChinaAMC SSE Financials Sector ETF Initiating Fund

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

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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.

CM BANK

China Merchants Bank

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

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF(513750.SH)

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

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

GLN International Expands QR Payment Coverage Across Mainland China Through Weixin Pay Network

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

Citi: ICBC 1Q26 Results Solid, Attractive Valuation; Reiterates Buy

Value Convergence Sets Out Board and Committee Structure

CGS 1Q26 Net Profit RMB3.32B, Up 10.1% YoY

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

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

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