China Merchants CSI BANK AH Price 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

HSBC

GS-C

GS-D

512700

512820

516210

512800

159887

517900

515020

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.

AASTOCKS News

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Deutsche Bank AG

HSBC Holdings Plc

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

HSBC HOLDINGS

Goldman Sachs

China Southern CSI Banks ETF

WP CSI Banks ETF

Huaan CSI Banks ETF

HSBC Holdings plc ADRhedged

A CAM RMB MM

Hwabao WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

ChinaAMC CSI Banks ETF

ChinaAMC SSE Financials Sector ETF Initiating Fund

HSBC 5xShortSG241213

Deutsche Bank AG Subscription Rights

Deutsche Postbank AG

GS Hldg R

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

601988

BACHY

03988

00939

IDCBY

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.

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

BANKCOMM

Bank Of Communications

MINSHENG BANK

CMBC

CITIC BANK

CNCB

CEB BANK

CEB Bank

China Merchants Bank

CM BANK

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

601398

00998

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

01288

601288

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

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

Parker, a corporate card fintech, unexpectedly shut down and filed for Chapter 7 bankruptcy, affecting customers and banks without prior notice. Founded in 2019 and backed by significant funding, Parker's abrupt closure has raised concerns in the fintech industry. Customers are struggling to recover deposits, and banks like Piermont and Patriot were caught off guard. Experts warn that such failures can have widespread repercussions, leading to increased caution among investors and banks regarding future fintech ventures.

American Banker

VG Financial

Financial Select Sector SPDR Fund

Patriot National Bancorp

Corporate card fintech Parker shuts down without warning

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.

Tip Ranks

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

A wave of dividend payments is set to occur in Vietnam's stock market as 50 listed companies finalize shareholder lists for cash and stock distributions. Notably, banks are leading with significant cash payouts following strong earnings. LPBank plans a 30% cash dividend, Techcombank a 7% cash dividend, and MB Bank a total dividend ratio of 25%. Other companies like Saigon VRG and Hoa Phat Group also announced substantial dividends. Overall, the total payouts are expected to exceed VNĐ10 trillion, highlighting a robust dividend season in the banking sector and beyond.

Vietnam News

Banks dominate dividend season with multi-trillion đồng distributions

00023

02388

A Bloomberg report reveals that Hong Kong banks are increasing hiring of special assets bankers to address up to HKD200 billion in bad loans, which have led to a 20-year high in non-performing loan ratios. As the economy rebounds, banks aim to reduce these loans to free up capital for new lending. Notably, BANK OF E ASIA and BOC HONG KONG have significantly expanded their teams, with BOC HONG KONG appointing a PricewaterhouseCoopers partner to assist in recovering funds from a HKD5.5 billion loan.

BANK OF E ASIA

United Overseas Bank (UOB)

Report Says Hong Kong Banks Boost Hiring to Cut Up to HKD200B in Bad Loans

KBWB

Skandinaviska Enskilda Banken (OM:SEB A) has experienced mixed share performance, with a recent 1-day decline of 0.2% and a 3-month decline of 8.3%, while the 1-year total return is 24.8%. The bank's market value is approximately SEK 354.5 billion, with reported revenue of SEK 74,095 million and net income of SEK 30,736 million. The stock is currently considered undervalued, with a fair value estimate of SEK 191.81 compared to the last close of SEK 181.00. Potential growth is linked to increased fees and AI initiatives, but risks include market volatility and rising fees.

Simplywall

SPDR S&P Bank Etf

Invesco KBW Bank

SPDR S&P Region Bank

A Look At Skandinaviska Enskilda Banken (OM:SEB A) Valuation After Mixed Recent Share Performance

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.

Businesstimes News

Jones Lang Lasalle

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

China Merchants CSI BANK AH Price ETF(517900.SH)