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Chinese (SSE) Financials Sector Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies103
  • 7D0.5%
  • 3M-2.7%
  • 1Y9.0%
  • YTD-3.9%

In the last week, the Financials industry is flat overall, with New China Life Insurance standing out by going down 3.7%. As for the the longer term, the industry is up 9.0% over the past 12 months. Looking forward, earnings are forecast to grow by 6.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026CN¥10.0tCN¥3.7tCN¥1.1t13.9x8.9x2.7x
Wed, 07 Jan 2026CN¥10.6tCN¥3.6tCN¥1.1t15x9.6x3x
Fri, 05 Dec 2025CN¥9.8tCN¥3.6tCN¥1.1t13.5x8.9x2.8x
Sun, 02 Nov 2025CN¥10.0tCN¥3.5tCN¥1.1t14.3x9.3x2.9x
Tue, 30 Sep 2025CN¥9.6tCN¥3.3tCN¥986.0b16.8x9.7x2.9x
Thu, 28 Aug 2025CN¥10.0tCN¥3.3tCN¥958.9b18.2x10.4x3x
Sat, 26 Jul 2025CN¥9.8tCN¥3.3tCN¥947.1b18.7x10.4x3x
Mon, 23 Jun 2025CN¥9.1tCN¥3.3tCN¥944.6b16x9.6x2.8x
Wed, 21 May 2025CN¥8.8tCN¥3.3tCN¥945.6b16.4x9.3x2.7x
Fri, 18 Apr 2025CN¥8.4tCN¥3.4tCN¥944.8b17.4x8.8x2.5x
Sun, 16 Mar 2025CN¥8.8tCN¥3.8tCN¥1.1t18.6x8.2x2.3x
Tue, 11 Feb 2025CN¥8.6tCN¥3.4tCN¥913.2b19.2x9.4x2.5x
Thu, 09 Jan 2025CN¥8.3tCN¥3.2tCN¥888.8b18x9.3x2.6x
Sat, 07 Dec 2024CN¥8.9tCN¥3.2tCN¥888.8b21.7x10x2.7x
Mon, 04 Nov 2024CN¥8.5tCN¥3.2tCN¥889.0b21.2x9.6x2.6x
Wed, 02 Oct 2024CN¥8.5tCN¥3.2tCN¥835.7b20.6x10.1x2.7x
Fri, 30 Aug 2024CN¥6.6tCN¥3.1tCN¥823.7b15.3x8x2.1x
Sun, 28 Jul 2024CN¥6.6tCN¥3.1tCN¥812.4b15.3x8.1x2.1x
Tue, 25 Jun 2024CN¥6.7tCN¥3.1tCN¥812.8b15.4x8.3x2.2x
Thu, 23 May 2024CN¥7.3tCN¥3.1tCN¥812.8b17.1x9x2.3x
Sat, 20 Apr 2024CN¥6.7tCN¥3.3tCN¥837.8b15.8x8x2x
Mon, 18 Mar 2024CN¥6.8tCN¥3.9tCN¥845.4b15.5x8x1.7x
Wed, 14 Feb 2024CN¥6.6tCN¥3.9tCN¥839.8b15.8x7.9x1.7x
Fri, 12 Jan 2024CN¥5.7tCN¥2.6tCN¥754.7b14.4x7.5x2.2x
Sun, 10 Dec 2023CN¥5.9tCN¥2.6tCN¥754.6b15x7.8x2.3x
Tue, 07 Nov 2023CN¥6.3tCN¥2.6tCN¥749.5b16.4x8.4x2.4x
Thu, 05 Oct 2023CN¥6.4tCN¥2.6tCN¥767.7b16x8.3x2.4x
Sat, 02 Sep 2023CN¥6.3tCN¥2.6tCN¥787.6b17.1x8x2.5x
Mon, 31 Jul 2023CN¥6.6tCN¥2.6tCN¥770.8b17.4x8.6x2.5x
Wed, 28 Jun 2023CN¥6.0tCN¥2.6tCN¥771.5b15.2x7.8x2.3x
Fri, 26 May 2023CN¥6.2tCN¥2.6tCN¥770.9b15.1x8.1x2.4x
Sun, 23 Apr 2023CN¥6.3tCN¥2.7tCN¥752.0b16.9x8.4x2.3x
Tue, 21 Mar 2023CN¥6.1tCN¥2.8tCN¥774.8b16.6x7.9x2.2x
Thu, 16 Feb 2023CN¥6.4tCN¥2.5tCN¥772.3b16.9x8.2x2.5x
Price to Earnings Ratio

8.2x


Total Market Cap: CN¥6.4tTotal Earnings: CN¥772.3bTotal Revenue: CN¥2.5tTotal 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 2.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 14% 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-1.35%
Financials0.51%
Banks2.26%
Consumer Finance1.09%
Diversified Financial0.31%
Insurance-0.69%
Capital Markets-0.87%
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 5.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
600036 China Merchants BankCN¥39.602.4%
+CN¥23.5b		-1.5%PB0.8x
601998 China CITIC BankCN¥7.453.6%
+CN¥14.5b		14.4%PB0.5x
002142 Bank of NingboCN¥32.274.3%
+CN¥8.7b		27.9%PB0.9x
601009 Bank of NanjingCN¥11.155.9%
+CN¥7.7b		5.7%PB0.7x
601229 Bank of ShanghaiCN¥9.775.7%
+CN¥7.5b		6.5%PB0.5x

Latest News

300803
CN¥119.60
Beijing Compass Technology Development
7D
-3.5%
1Y
77.4%
002945
CN¥20.21
ChinaLin Securities
7D
11.4%
1Y
25.5%
601601
CN¥44.81
China Pacific Insurance (Group)
7D
-1.6%
1Y
38.2%

601601: Lower Future P/E Will Likely Constrain Returns Despite Margin Improvement

Analysts have trimmed their price target for China Pacific Insurance (Group) slightly, with the updated fair value now at ¥35.55, compared with the prior ¥35.90. This reflects adjustments to assumptions around the discount rate, revenue growth, profit margin and future P/E.
600036
CN¥39.60
China Merchants Bank
7D
2.4%
1Y
-1.5%

600036: New Debt To Equity Platform Will Support Future Returns

Analysts have trimmed their price target for China Merchants Bank to about ¥52.77 from roughly ¥52.93, reflecting more cautious assumptions on revenue growth, profit margin and future P/E, while keeping the discount rate broadly similar. What's in the News Board meeting scheduled for December 29, 2025, to review the 2025 interim profit distribution plan and consider proposals for appointing non executive directors (company filing).
601336
CN¥80.15
New China Life Insurance
7D
-3.7%
1Y
65.9%

601336: Governance Overhaul And Capital Bonds Will Weigh On Future Earnings Quality

Analysts have lifted their price target for New China Life Insurance to approximately ¥65.56 from around ¥64.45, citing updated assumptions on discount rates, fair value, and a modestly higher forward P/E multiple. What's in the News Regulator approval received for amendments to the Articles of Association, including the abolishment of the Board of Supervisors.
601688
CN¥22.13
Huatai Securities
7D
-3.6%
1Y
26.6%
000987
CN¥9.67
Guangzhou Yuexiu Capital Holdings Group
7D
-5.6%
1Y
42.4%
000776
CN¥21.29
GF Securities
7D
-5.3%
1Y
33.8%
601998
CN¥7.45
China CITIC Bank
7D
3.6%
1Y
14.4%
300033
CN¥341.43
Hithink RoyalFlush Information Network
7D
-2.1%
1Y
7.8%
002142
CN¥32.27
Bank of Ningbo
7D
4.3%
1Y
27.9%
000783
CN¥7.96
Changjiang Securities
7D
-8.1%
1Y
21.2%
600919
CN¥10.41
Bank of Jiangsu
7D
2.8%
1Y
8.9%
601009
CN¥11.15
Bank of Nanjing
7D
5.9%
1Y
5.7%
601229
CN¥9.77
Bank of Shanghai
7D
5.7%
1Y
6.5%
600016
CN¥3.88
China Minsheng Banking
7D
3.5%
1Y
-5.6%