Industrial and Commercial Bank of China LtdHit record high amid sector rebound; sector-wide dividend increase and analyst expectation of stable fundamentals and valuation repair support positive sentiment.
The A-share banking sector staged a strong rebound, with Industrial and Commercial Bank of China and China Construction Bank both hitting record highs. As of the midday close on July 30, ICBC and CCB had risen over 1 percent, while China Merchants Bank and Agricultural Bank of China led in trading volume, at 1.926 billion yuan and 1.37 billion yuan respectively. In terms of news, during the 2025 dividend season, 41 out of 42 A-share listed banks distributed a total of 645.637 billion yuan in cash dividends, an increase of about 13.5 billion yuan from 2024, marking a record high for the third consecutive year. Qu Jun, an analyst at Orient Securities, believes that with the banking sector's interim report fundamentals expected to be stable, combined with high dividend defensive characteristics, the sector is expected to maintain a phase of valuation repair.
Industrial and Commercial Bank of China LtdHit record high amid sector rebound; sector-wide dividend increase and analyst expectation of stable fundamentals and valuation repair support positive sentiment.
China Construction Bank CoHit record high amid sector rebound; sector-wide dividend increase and analyst expectation of stable fundamentals and valuation repair support positive sentiment.
China Merchants Bank Co LtdMentioned as leading in trading volume, but no specific news about the bank itself; sector-wide dividend increase and analyst view on valuation repair provide context.
Agricultural Bank of China Ltd Class AMentioned as leading in trading volume, but no specific news about the bank itself; sector-wide dividend increase and analyst view on valuation repair provide context.