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Chinese (SSE) Banks Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies32
  • 7D-2.9%
  • 3M-7.7%
  • 1Y-0.1%
  • YTD-5.9%

Over the last 7 days, the Banks industry has dropped 2.9%, driven by a pullback from China Merchants Bank of 3.2%. 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 6.6% per annum.

Industry Valuation and Performance

Has the Chinese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026CN¥4.2tCN¥1.7tCN¥678.7b6.1x6.2x2.6x
Sun, 21 Dec 2025CN¥4.5tCN¥1.5tCN¥668.6b6.3x6.7x3x
Tue, 18 Nov 2025CN¥4.6tCN¥1.5tCN¥668.6b6.4x6.8x3x
Thu, 16 Oct 2025CN¥4.5tCN¥1.5tCN¥674.4b6.2x6.7x3x
Sat, 13 Sep 2025CN¥4.2tCN¥1.4tCN¥608.8b6.3x6.8x3.1x
Mon, 11 Aug 2025CN¥4.4tCN¥1.4tCN¥600.8b6.7x7.3x3.2x
Wed, 09 Jul 2025CN¥4.6tCN¥1.4tCN¥596.4b7x7.7x3.4x
Fri, 06 Jun 2025CN¥4.2tCN¥1.4tCN¥597.2b6.5x7x3.1x
Sun, 04 May 2025CN¥3.8tCN¥1.4tCN¥597.4b6x6.4x2.8x
Tue, 01 Apr 2025CN¥3.9tCN¥1.5tCN¥613.9b5.9x6.3x2.6x
Thu, 27 Feb 2025CN¥3.8tCN¥1.5tCN¥722.1b5.8x5.2x2.4x
Sat, 25 Jan 2025CN¥3.8tCN¥1.5tCN¥605.1b5.9x6.2x2.6x
Mon, 23 Dec 2024CN¥3.6tCN¥1.3tCN¥589.3b5.9x6.1x2.7x
Wed, 20 Nov 2024CN¥3.6tCN¥1.3tCN¥589.3b5.8x6.1x2.7x
Fri, 18 Oct 2024CN¥3.6tCN¥1.3tCN¥594.3b5.7x6.1x2.7x
Sun, 15 Sep 2024CN¥2.9tCN¥1.3tCN¥594.3b4.8x4.9x2.2x
Tue, 13 Aug 2024CN¥3.1tCN¥1.3tCN¥585.5b5.1x5.2x2.3x
Thu, 11 Jul 2024CN¥3.2tCN¥1.3tCN¥581.9b5.4x5.5x2.4x
Sat, 08 Jun 2024CN¥3.3tCN¥1.3tCN¥581.9b5.5x5.6x2.5x
Mon, 06 May 2024CN¥3.2tCN¥1.3tCN¥582.6b5.3x5.5x2.4x
Wed, 03 Apr 2024CN¥3.1tCN¥1.5tCN¥595.9b5.2x5.2x2.1x
Fri, 01 Mar 2024CN¥3.1tCN¥1.4tCN¥608.0b5.2x5x2.1x
Sun, 28 Jan 2024CN¥2.9tCN¥1.4tCN¥602.6b5x4.9x2.1x
Tue, 26 Dec 2023CN¥2.7tCN¥1.4tCN¥595.1b4.8x4.5x2x
Thu, 23 Nov 2023CN¥2.9tCN¥1.4tCN¥595.1b4.7x4.8x2.1x
Sat, 21 Oct 2023CN¥3.0tCN¥1.4tCN¥599.9b5.2x4.9x2.2x
Mon, 18 Sep 2023CN¥3.1tCN¥1.4tCN¥599.9b5.3x5.1x2.2x
Wed, 16 Aug 2023CN¥3.0tCN¥1.3tCN¥585.9b5.4x5.1x2.3x
Fri, 14 Jul 2023CN¥2.9tCN¥1.3tCN¥585.4b5.2x5x2.2x
Sun, 11 Jun 2023CN¥3.1tCN¥1.3tCN¥585.5b5.4x5.3x2.4x
Tue, 09 May 2023CN¥3.3tCN¥1.4tCN¥589.5b5.8x5.6x2.4x
Thu, 06 Apr 2023CN¥3.0tCN¥1.5tCN¥611.7b5.5x5x2x
Sat, 04 Mar 2023CN¥3.2tCN¥1.4tCN¥611.0b5.9x5.3x2.2x
Mon, 30 Jan 2023CN¥3.4tCN¥1.1tCN¥601.5b5.8x5.6x3x
Price to Earnings Ratio

5.6x


Total Market Cap: CN¥3.4tTotal Earnings: CN¥601.5bTotal Revenue: CN¥1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Banks Industry Price to Earnings3Y Average 5.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Chinese Banks 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 5.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.1% 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 industry?

CN Market0.85%
Financials-2.59%
Banks-2.86%
Regional Banks-0.21%
Diversified Banks-3.61%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 5.8x.
    • Analysts are expecting annual earnings growth of 5.8%, which is higher than its past year's earnings growth of 3.0% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.8% 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
601818 China Everbright BankCN¥3.370.6%
+CN¥1.2b		-12.9%PB0.4x
601577 Bank of ChangshaCN¥9.372.5%
+CN¥925.0m		2.4%PB0.5x
601665 Qilu BankCN¥5.542.6%
+CN¥861.5m		0.5%PB0.6x
601128 Jiangsu Changshu Rural Commercial BankCN¥7.183.0%
+CN¥696.5m		7.9%PB0.8x
601169 Bank of BeijingCN¥5.260.4%
+CN¥422.9m		-11.0%PB0.3x

Latest News

601818
CN¥3.37
China Everbright Bank
7D
0.6%
1Y
-12.9%
000001
CN¥10.99
Ping An Bank
7D
-1.8%
1Y
-3.1%

000001: Governance Revisions And Revised Assumptions Will Shape Balanced Outlook

Analysts have increased their fair value estimate for Ping An Bank from ¥11.0 to ¥11.3, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels as the key drivers of the change. What's in the News Ping An Bank has called an Extraordinary General Meeting of 2025 for 16 December 2025 to consider proposed amendments to the company's articles of association, signaling possible changes to its governance framework (Key Developments).
601166
CN¥19.12
Industrial Bank
7D
-4.8%
1Y
-5.5%

601166: Higher Required Return And January Meeting Will Likely Pressure Shares

Analysts have modestly adjusted their price target on Industrial Bank, citing updated assumptions around revenue growth at 17.65%, profit margin at 31.32% and a future P/E of 7.23x as key inputs to their revised valuation of about $17.95 per share. What's in the News Industrial Bank has scheduled a Special or Extraordinary Shareholders Meeting for January 20, 2026, at 09:30 China Standard Time.
600036
CN¥37.50
China Merchants Bank
7D
-3.2%
1Y
-6.9%

600036: New Debt To Equity Platform Will Support Future Earnings Power

Analysts have inched up their price target on China Merchants Bank to HK$52.93 from HK$52.83, reflecting small tweaks to fair value estimates, discount rate assumptions, and forward P/E inputs in their models. What's in the News A board meeting is scheduled for December 29, 2025, to review the 2025 interim profit distribution plan and consider the proposed appointment of non-executive directors (company announcement).
000617
CN¥9.29
CNPC Capital
7D
-2.3%
1Y
38.9%
601998
CN¥7.38
China CITIC Bank
7D
-3.0%
1Y
13.0%
002966
CN¥8.06
Bank of Suzhou
7D
0.6%
1Y
3.1%
002958
CN¥3.14
Qingdao Rural Commercial Bank
7D
2.3%
1Y
6.1%
601577
CN¥9.37
Bank of Changsha
7D
2.5%
1Y
2.4%
601825
CN¥8.49
Shanghai Rural Commercial Bank
7D
-3.2%
1Y
3.4%
601128
CN¥7.18
Jiangsu Changshu Rural Commercial Bank
7D
3.0%
1Y
7.9%
600928
CN¥3.69
Bank of Xi'anLtd
7D
1.4%
1Y
6.6%
601229
CN¥9.35
Bank of Shanghai
7D
-3.0%
1Y
1.4%
601665
CN¥5.54
Qilu Bank
7D
2.6%
1Y
0.5%
600000
CN¥10.51
Shanghai Pudong Development Bank
7D
-4.8%
1Y
1.2%
601169
CN¥5.26
Bank of Beijing
7D
0.4%
1Y
-11.0%