Bank of China International released a research report saying that CCB's net profit to mother increased 5.8% year-on-year in the second quarter of 2026, up from 3.5% in the first quarter. The non-performing loan ratio fell to 1.29% at the end of June, an improvement from 1.31% at the end of last year. The bank raised CCB's target price to HK$11.56, maintaining a “buy” rating. ICBC's net profit for the second quarter increased by 3.3% year-on-year, the same as in the first quarter. Asset quality improved, and net interest spreads may stabilize in the first half of the year. The bank's target price was raised to HK$9.44, maintaining the “buy” rating. Agricultural Bank's net profit for the second quarter increased 5.4% year on year, up from 4.5% in the first quarter. The net interest spread remained unchanged at 1.28% in the first half of the year, and asset quality improved. The target price was raised to HK$7.46, maintaining the “buy” rating.

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