HK Stock Market Move | Most of the bank stocks rose, Bank Of Chongqing (01963) surged over 3%, China Merchants Bank (03968) rose over 2%

Most of the domestic bank stocks are on the rise, as of the time of this report, Bank Of Chongqing (01963) is up 3.6% at HK$8.05; BANK OF TIANJIN (01578) is up 2.53% at HK$2.43; China Merchants Bank (03968) is up 2.44% at HK$48.66; Postal Savings Bank Of China (01658) is up 2.15% at HK$5.23. On the news front, the People's Bank of China recently held a meeting on the credit market work for 2026. The meeting called for accurately grasping the changes in the economic and financial situation during the "14th Five-Year Plan" period, coordinating development and security, and continuously strengthening quality financial services for major strategies, key areas, and weak links. Market analysts believe that this meeting of the central bank on credit market work is expected to bring multidimensional positives for the banking sector. Zhongtai previously noted that the start of the year has been good for lending, and the pre-placement of loans will continue throughout the year, with the total credit increment expected to maintain a year-on-year increase for high-quality regional banks. The new corporate loan interest rates have slightly decreased compared to the previous month, with the decrease likely to be smaller than last year, while new retail loan rates are stabilizing (new mortgage rates have remained at 3.06% for three consecutive quarters). Even in the face of rate cuts, it is predicted that the narrowing of interest rate spreads will still be smaller compared to the previous year. With interest income supporting them, it is expected that the overall revenue and profitability of banks will remain stable throughout the year. The sector currently has strong certainty and stability in terms of performance, high dividend yields, and attractive valuation for investment.