Glonghui, November 3 | Bank of China International published a rating report that Minsheng Bank's net profit for the first nine months fell 0.6% year-on-year, generally in line with expectations, while net interest income in the third quarter showed negative growth. The bank expects that the CCB will record a slight decline in profit throughout the year. Even if its return on shareholders' equity and asset quality are at a low level compared to its peers, its valuation is at the lowest level among its peers. The bank believes that the People's Bank of China, as one of the 19 systemically important banks, will play an important role in preventing financial risks in the future. The bank predicts that the average return on shareholder equity of the People's Bank of China reached 6% this year, which is the low end level of the banking industry, and lowered its target price from HK$2.83 to HK$2.76, maintaining its rating as “hold.”