Citigroup released a research report, with the investment ratings and target prices of mainland China banking stocks as follows:

Stock | Investment Rating | Target Price (HKD)

Industrial and Commercial Bank of China (01398.HK) | Buy | HKD 5.52

China Construction Bank Corporation (00939.HK) | Buy | HKD 7.15

Bank of China (03988.HK) | Buy | HKD 4.54

Agricultural Bank of China (01288.HK) | Buy | HKD 4.15

Postal Savings Bank of China (01658.HK) | Buy | HKD 4.84

Bank of Communications (03328.HK) | Buy | HKD 6.84

China Merchants Bank Co., Ltd. (03968.HK) | Buy | HKD 41.52

China Minsheng Banking Corp., Ltd. (01988.HK) | Buy | HKD 3.74

China CITIC Bank Corporation Limited (00998.HK) | Buy | HKD 5.85

CEB Bank Limited (06818.HK) | Buy | HKD 2.97

CQRC Bank Co., Ltd. (03618.HK) | Buy | HKD 3.93

Huishang Bank Corporation Limited (03698.HK) | Sell | HKD 1.86

(wl/cy)

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