Mainland bank stocks collectively advanced, with ICBC, CCB, and ABC once again reaching historical highs.
As of press time, BQD (03866) rose 5.43% to HK$5.045; CCB (00939) gained 2.72% to HK$10.19; BANKCOMM (03328) climbed 2.69% to HK$8.59; and ICBC (01398) added 2.50% to HK$7.795.
On the news front, the disclosure of third-quarter reports by listed banks has recently begun.
Ping An Bank was the first to release its results, reporting revenue of 103.1 billion yuan for the first three quarters, up 2.4% year on year, and net profit attributable to shareholders of 39.186 billion yuan, up 2.2% year on year.
BQD released its third-quarter report on October 28, posting revenue of 12.665 billion yuan for the first three quarters, up 15.00% year on year, and net profit attributable to shareholders of 4.617 billion yuan, up 15.67% year on year, marking 15 consecutive reporting periods of double-digit growth.
It is worth noting that interim dividends from listed banks continue to be implemented. So far, 21 A-share listed banks have disclosed their 2026 interim dividend plans, with total proposed payouts exceeding 260 billion yuan. The dividend payout ratio of the six major banks has increased from 30% to 31%. Sinolink Securities stated that the valuation anchor for banks is shifting from a one-sided decline in net interest margin to sustainable dividend returns. The CSI Bank Index currently has a dividend yield of nearly 4.6%, with a spread of more than 3 percentage points over the 1.63% yield on 10-year government bonds.
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