Anti-corruption efforts in CSI China Mainland Financials Index continue, and it is reported that domestic banks have become key targets for investigation.

According to domestic media report "The Paper", the anti-corruption situation in CSI China Mainland Financials Index continues. Last year, at least 97 individuals in the financial sector were investigated, which is comparable to 2023. Among the 97 individuals under investigation, 3 are central management officials, 76 are senior party and state agency officials, state-owned enterprises, and financial unit officials, and 18 are provincial management officials. Out of the 97 individuals investigated, 63 are from Banks, 15 are from regulatory agencies, 9 are from Insurance institutions, 4 are from financial holding groups, 3 are from reinsurance groups, and 3 are from securities institutions. The report mentioned that state-owned Banks were a key focus for investigation, with a total of 36 individuals being investigated.

AASTOCKSJan 9 14:58

A-shares in bank stocks fell: Postal Savings Bank Of China dropped nearly 2%, and most others, including China Everbright Bank, fell over 1%.

On January 9, according to Gelonghui, A-share bank stocks generally performed weakly, with Postal Savings Bank Of China down nearly 2%, China Everbright Bank down 1.6%, and Hua Xia Bank, China Zheshang Bank, Agricultural Bank Of China, Bank Of Chongqing, and Bank Of Communications all down over 1%.

Gelonghui FinanceJan 9 09:57

The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.

How far is dawn?

wallstreetcnJan 8 22:41

Morgan Stanley's investment rating and target price for China mainland banking stocks (table).

Morgan Stanley released a research report, listing the investment ratings and Target Prices for China Mainland Banking as follows: Stocks | Investment Rating | Target Price (HKD) Agricultural Bank Of China (01288.HK) | Shareholding | 4.25 -> 4.8 Bank Of China (03988.HK) | Neutral | 3.7 -> 3.8 China CITIC Bank Corporation (00998.HK) | Neutral -> Shareholding | 4.8 -> 6.25 China Construction Bank Corporation (00939.HK) | Shareholding | 6.75 -> 6.9 Industrial And Commercial Bank Of China (01398

AASTOCKSJan 8 11:41

CITIC Lyon: The strong performance of China Mainland Banking stocks may continue to be seen as a "safe haven."

Citi believes that the strength of China Mainland Banking is unlikely to end in the short term, and Banks may continue to be viewed as a "safe haven."

Zhitong FinanceJan 7 16:06

Postal Savings Bank of China Announces 2025 First Extraordinary General Meeting

TipRanksJan 6 16:37