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Chinese (SSE) Financials Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies103
  • 7D1.6%
  • 3M2.8%
  • 1Y7.5%
  • YTD13.1%

Over the last 7 days, the Financials industry has risen 1.6%, driven by gains from Ping An Insurance (Group) Company of China of 3.7%. This means that the industry has gained 7.5% over the past year. As for the next few years, earnings are expected to grow by 6.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025CN¥10.1tCN¥3.6tCN¥1.1t13.9x9.2x2.8x
Fri, 21 Nov 2025CN¥10.1tCN¥3.6tCN¥1.1t13.9x9.1x2.8x
Sun, 19 Oct 2025CN¥10.0tCN¥3.4tCN¥1.1t16.5x9.6x2.9x
Tue, 16 Sep 2025CN¥9.7tCN¥3.3tCN¥984.3b16.8x9.9x2.9x
Thu, 14 Aug 2025CN¥9.8tCN¥3.3tCN¥951.2b18.9x10.3x3x
Sat, 12 Jul 2025CN¥9.8tCN¥3.3tCN¥944.6b17.4x10.4x3x
Mon, 09 Jun 2025CN¥8.9tCN¥3.3tCN¥945.4b16.4x9.4x2.7x
Wed, 07 May 2025CN¥8.4tCN¥3.3tCN¥946.3b16.2x8.9x2.5x
Fri, 04 Apr 2025CN¥8.5tCN¥3.4tCN¥940.4b17.9x9x2.5x
Sun, 02 Mar 2025CN¥8.5tCN¥3.6tCN¥1.1t18x8x2.4x
Tue, 28 Jan 2025CN¥8.5tCN¥3.4tCN¥912.5b18.4x9.3x2.5x
Thu, 26 Dec 2024CN¥8.8tCN¥3.2tCN¥888.8b20.1x9.9x2.7x
Sat, 23 Nov 2024CN¥8.4tCN¥3.2tCN¥888.8b21.1x9.5x2.6x
Mon, 21 Oct 2024CN¥8.6tCN¥3.2tCN¥835.3b20.8x10.3x2.7x
Wed, 18 Sep 2024CN¥6.4tCN¥3.1tCN¥830.8b15.4x7.7x2.1x
Fri, 16 Aug 2024CN¥6.6tCN¥3.1tCN¥815.9b15.9x8.1x2.1x
Sun, 14 Jul 2024CN¥6.7tCN¥3.1tCN¥813.0b15.2x8.2x2.1x
Tue, 11 Jun 2024CN¥6.9tCN¥3.1tCN¥812.8b16.1x8.5x2.2x
Thu, 09 May 2024CN¥6.9tCN¥3.1tCN¥811.7b16.5x8.5x2.2x
Sat, 06 Apr 2024CN¥6.7tCN¥3.3tCN¥842.9b15.6x7.9x2x
Mon, 04 Mar 2024CN¥6.9tCN¥3.9tCN¥844.9b15.8x8.2x1.8x
Wed, 31 Jan 2024CN¥6.6tCN¥3.9tCN¥838.7b15.2x7.8x1.7x
Fri, 29 Dec 2023CN¥5.8tCN¥2.6tCN¥754.6b14.9x7.7x2.2x
Sun, 26 Nov 2023CN¥6.1tCN¥2.6tCN¥754.6b15.8x8.1x2.4x
Tue, 24 Oct 2023CN¥6.1tCN¥2.6tCN¥767.7b15.3x8x2.3x
Thu, 21 Sep 2023CN¥6.4tCN¥2.6tCN¥766.6b16.2x8.3x2.4x
Sat, 19 Aug 2023CN¥6.5tCN¥2.6tCN¥770.2b17.3x8.4x2.5x
Mon, 17 Jul 2023CN¥6.1tCN¥2.6tCN¥770.2b15.5x7.9x2.3x
Wed, 14 Jun 2023CN¥6.3tCN¥2.6tCN¥770.1b15.3x8.1x2.4x
Fri, 12 May 2023CN¥6.6tCN¥2.7tCN¥761.0b16.7x8.7x2.5x
Sun, 09 Apr 2023CN¥6.3tCN¥2.7tCN¥747.2b17.2x8.4x2.3x
Tue, 07 Mar 2023CN¥6.4tCN¥2.7tCN¥772.7b17x8.2x2.3x
Thu, 02 Feb 2023CN¥6.6tCN¥2.5tCN¥769.6b17.3x8.6x2.7x
Sat, 31 Dec 2022CN¥6.1tCN¥2.6tCN¥730.5b15.3x8.4x2.4x
Price to Earnings Ratio

8.4x


Total Market Cap: CN¥6.1tTotal Earnings: CN¥730.5bTotal Revenue: CN¥2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Financials Sector Price to Earnings3Y Average 8.7x202320242025
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 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market2.71%
Financials1.64%
Insurance4.79%
Consumer Finance1.06%
Capital Markets1.06%
Banks0.97%
Diversified Financial0.058%
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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.7x.
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 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
601318 Ping An Insurance (Group) Company of ChinaCN¥69.031.4%
+CN¥17.7b		28.1%PE8.9x
601166 Industrial BankCN¥21.032.7%
+CN¥11.6b		9.6%PB0.5x
600000 Shanghai Pudong Development BankCN¥11.812.3%
+CN¥9.0b		14.1%PB0.5x
600036 China Merchants BankCN¥41.830.7%
+CN¥7.8b		6.2%PB0.9x
601601 China Pacific Insurance (Group)CN¥41.501.7%
+CN¥6.8b		22.1%PE7.6x

Latest News

601318
CN¥69.03
Ping An Insurance (Group) Company of China
7D
1.4%
1Y
28.1%

601318: Green Finance And Biodiversity Efforts Will Support Future Stability

Analysts have modestly raised their price target on Ping An Insurance Group of China to RMB 73.54 from RMB 71.34, citing a slightly lower discount rate, marginal improvements in long term profitability assumptions, and expectations for a richer future earnings multiple. What's in the News The supervisory committee and board approved proposed amendments to Ping An Insurance Group’s articles of association, to be submitted to shareholders for a special resolution and subsequent regulatory approval, with the current articles remaining in force until then (company bylaws filing).
601601
CN¥41.50
China Pacific Insurance (Group)
7D
1.7%
1Y
22.1%

601601: Faster Revenue Outlook Will Likely Pressure Profit Margins And Share Price

Analysts have raised their price target for China Pacific Insurance Group from CNY 32.0 to CNY 35.9, citing expectations of significantly faster revenue growth, despite a modestly lower profit margin and a slightly higher future valuation multiple. What's in the News Upcoming board meeting on October 30, 2025, to review and approve third quarter results for the nine months ended September 30, 2025, and to handle other business matters (Key Developments) Scheduled Analyst and Investor Day event, providing management updates and strategic outlook to the investment community (Key Developments) Valuation Changes Fair Value: Raised from CN¥32.0 to CN¥35.9, reflecting a moderate upward revision in the intrinsic valuation estimate.
600999
CN¥16.69
China Merchants Securities
7D
-1.2%
1Y
-14.8%
600030
CN¥28.74
CITIC Securities
7D
-0.8%
1Y
-4.5%

600030: Higher Profit Margins Are Expected To Drive Stronger Share Performance

Analysts have raised their price target on CITIC Securities by approximately 5 percent to around 45.00, citing higher expected profit margins and a lower future P/E multiple. These factors more than offset slightly softer revenue growth assumptions and a modestly higher discount rate.
601198
CN¥14.22
Dongxing Securities
7D
8.3%
1Y
22.4%
601336
CN¥71.22
New China Life Insurance
7D
3.0%
1Y
38.8%

601336: Governance Overhaul And Lower Margins Will Pressure Future Earnings Sustainability

Analysts have modestly raised their price target for New China Life Insurance to approximately $62.19 from $59.25, reflecting a slightly lower perceived risk profile and higher expected valuation multiples, despite a weaker profit margin outlook. What's in the News Extraordinary shareholders meeting scheduled for December 24, 2025 in Beijing to consider key corporate matters and governance issues (company announcement) Board meeting on November 28, 2025 to finalize nominations for the ninth session of the board, including executive, non executive, and independent non executive director candidates, with most standing for re election (board meeting notice) EGM on October 31, 2025 approved amendments to the Articles of Association and the abolishment of the Board of Supervisors, indicating a major shift in the company oversight structure (EGM resolution) Shareholders approved an interim dividend of RMB 0.67 per share for the first half of 2025, payable in Hong Kong dollars to H share holders on December 12, 2025 (EGM resolution) Earnings guidance for January to September 2025 indicates projected net profit growth of 45% to 65 percent year on year, described as being driven by strategic reforms and stronger investment returns in a supportive capital market (company guidance) Valuation Changes The fair value estimate has risen modestly from CN¥59.25 to about CN¥62.19, implying a slightly higher expected intrinsic value for the shares.
601136
CN¥19.01
Capital Securities
7D
-1.9%
1Y
-17.8%
601166
CN¥21.03
Industrial Bank
7D
2.7%
1Y
9.6%

601166: Higher Required Return Is Expected To Unlock Upside Potential

Analysts have raised their price target on Industrial Bank to $30.50 from $30.50, effectively reiterating their prior valuation as they balance a higher assumed discount rate and slightly softer long term growth and margin expectations against a richer future earnings multiple. Valuation Changes Fair Value: unchanged at CN¥30.50, indicating no net revision to the intrinsic value estimate.
600036
CN¥41.83
China Merchants Bank
7D
0.7%
1Y
6.2%

600036: New Debt-To-Equity Platform Will Drive Earnings Power Into 2025

Analysts have nudged their price target on China Merchants Bank slightly higher to approximately $52.78 from about $52.72, reflecting marginally lower discount rate assumptions and steady expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Received regulatory approval from the National Financial Regulatory Administration for China Merchants Bank Financial Asset Investment Co., Ltd.
600000
CN¥11.81
Shanghai Pudong Development Bank
7D
2.3%
1Y
14.1%
600016
CN¥3.82
China Minsheng Banking
7D
-2.3%
1Y
-7.3%
601818
CN¥3.50
China Everbright Bank
7D
-0.6%
1Y
-8.6%
000617
CN¥9.26
CNPC Capital
7D
2.2%
1Y
29.7%
300803
CN¥133.18
Beijing Compass Technology Development
7D
-1.1%
1Y
90.1%
601788
CN¥17.39
Everbright Securities
7D
-2.0%
1Y
-9.7%
600958
CN¥10.75
Orient Securities
7D
-2.6%
1Y
-0.8%