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Chinese (SSE) Banks Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies32
  • 7D2.4%
  • 3M-5.9%
  • 1Y-18.2%
  • YTD-8.5%

The Banks industry is up 2.4% in the last week, with China Merchants Bank up 3.1%. In the past year, the industry is down 18%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jul 2026CN¥4.1tCN¥1.5tCN¥676.5b5.9x6.1x2.7x
Wed, 17 Jun 2026CN¥4.2tCN¥1.5tCN¥676.8b6.1x6.2x2.8x
Fri, 15 May 2026CN¥4.2tCN¥1.5tCN¥676.0b6.1x6.2x2.8x
Sun, 12 Apr 2026CN¥4.3tCN¥1.5tCN¥686.4b6x6.3x2.8x
Tue, 10 Mar 2026CN¥4.2tCN¥1.7tCN¥693.5b6.1x6.1x2.5x
Thu, 05 Feb 2026CN¥4.2tCN¥1.7tCN¥688.2b6.1x6.2x2.5x
Sat, 03 Jan 2026CN¥4.5tCN¥1.5tCN¥668.6b6.2x6.8x3x
Mon, 01 Dec 2025CN¥4.5tCN¥1.5tCN¥668.6b6.3x6.8x3x
Wed, 29 Oct 2025CN¥4.5tCN¥1.5tCN¥672.5b6.3x6.7x3x
Fri, 26 Sep 2025CN¥4.0tCN¥1.4tCN¥610.4b5.9x6.5x2.9x
Sun, 24 Aug 2025CN¥4.3tCN¥1.4tCN¥604.8b6.6x7.1x3.2x
Tue, 22 Jul 2025CN¥4.5tCN¥1.4tCN¥597.2b6.8x7.5x3.3x
Thu, 19 Jun 2025CN¥4.4tCN¥1.4tCN¥596.4b6.7x7.3x3.2x
Sat, 17 May 2025CN¥4.1tCN¥1.4tCN¥597.2b6.3x6.9x3x
Mon, 14 Apr 2025CN¥3.8tCN¥1.4tCN¥604.0b5.8x6.2x2.7x
Wed, 12 Mar 2025CN¥3.8tCN¥1.5tCN¥722.1b6x5.3x2.5x
Fri, 07 Feb 2025CN¥3.8tCN¥1.5tCN¥605.7b5.9x6.2x2.5x
Sun, 05 Jan 2025CN¥3.6tCN¥1.3tCN¥589.3b5.8x6.2x2.7x
Tue, 03 Dec 2024CN¥3.5tCN¥1.3tCN¥589.3b5.9x6x2.6x
Thu, 31 Oct 2024CN¥3.5tCN¥1.3tCN¥597.3b5.5x5.9x2.6x
Sat, 28 Sep 2024CN¥3.4tCN¥1.3tCN¥594.3b5.4x5.7x2.5x
Mon, 26 Aug 2024CN¥3.2tCN¥1.3tCN¥590.0b5.4x5.4x2.4x
Wed, 24 Jul 2024CN¥3.2tCN¥1.3tCN¥581.9b5.3x5.5x2.4x
Fri, 21 Jun 2024CN¥3.2tCN¥1.3tCN¥581.9b5.3x5.5x2.4x
Sun, 19 May 2024CN¥3.4tCN¥1.3tCN¥582.0b5.7x5.9x2.6x
Tue, 16 Apr 2024CN¥3.1tCN¥1.5tCN¥593.0b5.2x5.2x2.1x
Thu, 14 Mar 2024CN¥3.0tCN¥1.4tCN¥608.1b5.1x5x2.1x
Sat, 10 Feb 2024CN¥3.0tCN¥1.4tCN¥603.7b5.2x4.9x2.1x
Mon, 08 Jan 2024CN¥2.8tCN¥1.4tCN¥595.1b5x4.6x2x
Wed, 06 Dec 2023CN¥2.7tCN¥1.4tCN¥595.1b4.8x4.6x2x
Fri, 03 Nov 2023CN¥2.9tCN¥1.4tCN¥593.9b4.9x4.9x2.2x
Sun, 01 Oct 2023CN¥3.1tCN¥1.4tCN¥599.9b5.4x5.1x2.2x
Tue, 29 Aug 2023CN¥3.0tCN¥1.3tCN¥605.6b5.5x4.9x2.2x
Thu, 27 Jul 2023CN¥3.0tCN¥1.3tCN¥585.4b5.2x5.1x2.3x
Price to Earnings Ratio

5.1x


Total Market Cap: CN¥3.0tTotal Earnings: CN¥585.4bTotal Revenue: CN¥1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Banks Industry Price to Earnings3Y Average 5.9x202420252026
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 5.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.9% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market-8.72%
Financials0.71%
Banks2.36%
Regional Banks2.90%
Diversified Banks2.19%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 5.7x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 4.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 6.0x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
  • This is better than its past earnings growth rate of 4.8% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.7% 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
600036 China Merchants BankCN¥38.023.1%
+CN¥28.8b		-15.6%PB0.7x
601998 China CITIC BankCN¥7.332.5%
+CN¥10.0b		-13.4%PB0.5x
601166 Industrial BankCN¥17.752.4%
+CN¥8.9b		-27.3%PB0.4x
601009 Bank of NanjingCN¥11.185.1%
+CN¥6.7b		-5.4%PB0.7x
000001 Ping An BankCN¥10.783.2%
+CN¥6.4b		-15.1%PB0.4x

Latest News

002142
CN¥31.64
Bank of Ningbo
7D
3.1%
1Y
17.3%
600000
CN¥8.87
Shanghai Pudong Development Bank
7D
-2.1%
1Y
-34.1%
600036
CN¥38.02
China Merchants Bank
7D
3.1%
1Y
-15.6%
000001
CN¥10.78
Ping An Bank
7D
3.2%
1Y
-15.1%
Narrative Update • Jul 10

000001: Higher Dividend And Stable Margins Will Support Future Rerating

Analysts have trimmed their fair value estimate for Ping An Bank, adjusting the price target from CN¥16.63 to CN¥15.70. They cited updated assumptions around discount rates, revenue growth, profit margins and future P/E levels.
601166
CN¥17.75
Industrial Bank
7D
2.4%
1Y
-27.3%
Narrative Update • Jul 09

601166: Lower Future P/E And Revenue Outlook Will Support Upside

Analysts have lowered their price target for Industrial Bank to CN¥27.0 from CN¥30.5, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the main factors behind the revision. What's in the News No recent news items for Industrial Bank were identified in the provided sources.
000617
CN¥6.64
CNPC Capital
7D
-1.9%
1Y
-31.8%
600919
CN¥11.31
Bank of Jiangsu
7D
2.1%
1Y
-4.0%
600016
CN¥3.46
China Minsheng Banking
7D
3.6%
1Y
-36.4%
601998
CN¥7.33
China CITIC Bank
7D
2.5%
1Y
-13.4%
601009
CN¥11.18
Bank of Nanjing
7D
5.1%
1Y
-5.4%
601838
CN¥18.25
Bank of Chengdu
7D
-3.9%
1Y
-10.1%