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Chinese (SSE) Financials Sector Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies103
  • 7D-2.9%
  • 3M-8.1%
  • 1Y1.8%
  • YTD-9.3%

Over the last 7 days, the Financials industry has dropped 4.0%, driven by a pullback from Ping An Insurance (Group) Company of China of 5.0%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.

Sector Valuation and Performance

Has the Chinese Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026CN¥9.4tCN¥3.8tCN¥1.1t12.5x8.3x2.5x
Sat, 21 Feb 2026CN¥9.8tCN¥3.7tCN¥1.1t13.8x8.8x2.6x
Mon, 19 Jan 2026CN¥10.0tCN¥3.7tCN¥1.1t13.9x9x2.7x
Wed, 17 Dec 2025CN¥9.9tCN¥3.6tCN¥1.1t13.8x9x2.8x
Fri, 14 Nov 2025CN¥10.2tCN¥3.6tCN¥1.1t14.4x9.3x2.9x
Sun, 12 Oct 2025CN¥9.5tCN¥3.3tCN¥986.8b17.4x9.6x2.9x
Tue, 09 Sep 2025CN¥9.7tCN¥3.3tCN¥985.9b16.6x9.8x2.9x
Thu, 07 Aug 2025CN¥9.8tCN¥3.3tCN¥948.6b18.2x10.3x3x
Sat, 05 Jul 2025CN¥9.6tCN¥3.3tCN¥944.6b17x10.2x2.9x
Mon, 02 Jun 2025CN¥8.7tCN¥3.3tCN¥945.4b15.9x9.2x2.6x
Wed, 30 Apr 2025CN¥8.4tCN¥3.3tCN¥929.0b16.8x9.1x2.6x
Fri, 28 Mar 2025CN¥8.5tCN¥3.4tCN¥931.8b18.4x9.1x2.5x
Sun, 23 Feb 2025CN¥8.7tCN¥3.6tCN¥1.1t18.6x8.2x2.4x
Tue, 21 Jan 2025CN¥8.4tCN¥3.3tCN¥906.5b18.7x9.3x2.5x
Thu, 19 Dec 2024CN¥8.7tCN¥3.2tCN¥888.8b21x9.8x2.7x
Sat, 16 Nov 2024CN¥8.6tCN¥3.2tCN¥888.8b22x9.7x2.7x
Mon, 14 Oct 2024CN¥8.4tCN¥3.2tCN¥835.7b20x10x2.7x
Wed, 11 Sep 2024CN¥6.5tCN¥3.2tCN¥836.3b15.3x7.7x2x
Fri, 09 Aug 2024CN¥6.6tCN¥3.1tCN¥816.0b15.5x8x2.1x
Sun, 07 Jul 2024CN¥6.6tCN¥3.1tCN¥812.8b15.2x8.1x2.1x
Tue, 04 Jun 2024CN¥7.0tCN¥3.1tCN¥812.7b16x8.6x2.2x
Thu, 02 May 2024CN¥6.9tCN¥3.2tCN¥824.5b16.5x8.4x2.1x
Sat, 30 Mar 2024CN¥6.6tCN¥3.3tCN¥867.7b15.2x7.6x2x
Mon, 26 Feb 2024CN¥7.0tCN¥3.9tCN¥841.0b15.6x8.3x1.8x
Wed, 24 Jan 2024CN¥6.4tCN¥3.9tCN¥838.8b14.5x7.6x1.6x
Fri, 22 Dec 2023CN¥5.8tCN¥2.6tCN¥754.6b14.8x7.6x2.2x
Sun, 19 Nov 2023CN¥6.1tCN¥2.6tCN¥754.7b15.5x8.1x2.3x
Tue, 17 Oct 2023CN¥6.3tCN¥2.6tCN¥767.7b15.5x8.2x2.4x
Thu, 14 Sep 2023CN¥6.4tCN¥2.6tCN¥766.6b16.1x8.3x2.4x
Sat, 12 Aug 2023CN¥6.6tCN¥2.6tCN¥770.2b17.8x8.5x2.5x
Mon, 10 Jul 2023CN¥6.0tCN¥2.6tCN¥770.6b15.1x7.8x2.3x
Wed, 07 Jun 2023CN¥6.2tCN¥2.6tCN¥770.1b15.2x8x2.4x
Fri, 05 May 2023CN¥6.5tCN¥2.8tCN¥768.8b16.7x8.5x2.4x
Sun, 02 Apr 2023CN¥6.2tCN¥2.8tCN¥771.1b16.9x8x2.2x
Price to Earnings Ratio

8x


Total Market Cap: CN¥6.2tTotal Earnings: CN¥771.1bTotal Revenue: CN¥2.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Financials Sector Price to Earnings3Y Average 8.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Chinese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 9.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Financials sector?

CN Market-3.61%
Financials-2.89%
Banks-0.42%
Diversified Financial-3.14%
Capital Markets-4.69%
Insurance-5.58%
Consumer Finance-8.08%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 5.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 38% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 2.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
601998 China CITIC BankCN¥8.386.3%
+CN¥27.8b		15.6%PB0.6x
601825 Shanghai Rural Commercial BankCN¥8.981.8%
+CN¥1.5b		9.1%PB0.7x
002142 Bank of NingboCN¥30.420.7%
+CN¥1.5b		15.2%PB0.8x
000001 Ping An BankCN¥10.940.6%
+CN¥1.2b		-4.0%PB0.4x
601166 Industrial BankCN¥18.880.3%
+CN¥1.1b		-12.2%PB0.4x

Latest News

601336
CN¥63.75
New China Life Insurance
7D
-9.3%
1Y
24.1%

601336: Governance Overhaul And Dividend Decisions Will Shape Steady Outlook

Analysts have nudged their price target on New China Life Insurance to CN¥69.99, reflecting only minor tweaks to assumptions on discount rate, revenue trends, profit margin and future P/E. This signals a broadly steady view on the stock’s valuation.
300059
CN¥19.12
East Money InformationLtd
7D
-10.4%
1Y
-16.8%
000001
CN¥10.94
Ping An Bank
7D
0.6%
1Y
-4.0%
601166
CN¥18.88
Industrial Bank
7D
0.3%
1Y
-12.2%

601166: Special Meeting Will Support Future Upside At Current Discount Rate

Analysts have adjusted their price target for Industrial Bank to CN¥30.50, reflecting updated views on its discount rate, revenue growth outlook, profit margins, and forward P/E assumptions. What's in the News Industrial Bank has scheduled a Special and Extraordinary Shareholders Meeting for January 20, 2026, starting at 09:30 China Standard Time, which signals upcoming resolutions that matter for you as a shareholder or potential investor (Key Developments).
601998
CN¥8.38
China CITIC Bank
7D
6.3%
1Y
15.6%
600030
CN¥24.13
CITIC Securities
7D
-5.8%
1Y
-10.3%

600030: Higher Future P/E And Revenue Assumptions Will Support Stronger Share Performance

Analysts have trimmed their price target on CITIC Securities from CN¥45.02 to CN¥43.00, citing updated assumptions that combine a slightly lower fair value and profit margin with higher projected revenue growth and a higher future P/E multiple. What's in the News Board meeting scheduled for March 26, 2026 to review audited results for the year ended December 31, 2025 and to consider a recommendation on the payment of a final dividend (Key Developments).
300033
CN¥296.84
Hithink RoyalFlush Information Network
7D
-7.9%
1Y
-0.02%
601601
CN¥37.09
China Pacific Insurance (Group)
7D
-6.7%
1Y
15.2%

601601: Updated Governance And Earnings Outlook Will Support Stronger Future Returns

Analysts have nudged their price target for China Pacific Insurance (Group) slightly higher to CN¥46.96 from CN¥46.89, reflecting updated assumptions around discount rates, profit margins and future P/E expectations. What's in the News A board meeting is scheduled for March 26, 2026 to review the final results for the year ended December 31, 2025, consider a potential final dividend, and address other business (Key Developments).
601318
CN¥56.80
Ping An Insurance (Group) Company of China
7D
-6.3%
1Y
9.1%

601318: Governance Reforms Will Support Future Upside Potential

Analysts have raised their price target on Ping An Insurance (Group) Company of China from CN¥77.69 to CN¥79.82, citing updated assumptions around fair value, discount rate, profit margin and future P/E that together suggest a modestly higher assessment of the shares. What's in the News The supervisory committee and the board approved proposed amendments to the Articles of Association on December 16, 2025.
601211
CN¥16.76
Guotai Haitong Securities
7D
-4.2%
1Y
-4.2%
002647
CN¥9.58
Rendong Holdings
7D
3.8%
1Y
66.3%
002966
CN¥8.41
Bank of Suzhou
7D
2.3%
1Y
6.3%
600015
CN¥7.15
Hua Xia Bank
7D
0.3%
1Y
-6.5%
002736
CN¥11.28
Guosen Securities
7D
-7.9%
1Y
8.0%
002142
CN¥30.42
Bank of Ningbo
7D
0.7%
1Y
15.2%
601825
CN¥8.98
Shanghai Rural Commercial Bank
7D
1.8%
1Y
9.1%