Pullback in Chinese Bank Shares Presents Buying Opportunity -- Market Talk
Dow Jones
Sep 03
1053 GMT - The recent pullback in Chinese bank shares could be a buying opportunity, Citi analysts say in a note. Lenders' stocks have been under pressure since July on weaker earnings growth versus non-bank financials and concerns over 3Q results amid slowing loan growth. China's 10-year treasury bond yields also appear to be rising, weakening banks' dividend appeal, they note. Still, the selloff in bank stocks has lifted dividend yields, which may draw yield-hunting investors. Citi's top picks among Hong Kong-listed banks are Industrial & Commercial Bank of China, China CITIC Bank and Chongqing Rural Commercial Bank--while naming Bank of Beijing for onshore. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 03, 2025 06:53 ET (10:53 GMT)
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