Citi has published a research report, the investment ratings and target prices for china mainland banking stocks are listed as follows:

Stock | Investment Rating | Target Price (HKD)

Agricultural Bank of China (01288.HK) | Outperform the market | 4 yuan → 4.2 yuan

Bank of China (03988.HK) | Outperform the market | 4.1 yuan → 3.9 yuan

Bank of Communications (03328.HK) | Outperform the market | 6.6 yuan → 6.2 yuan

China Construction Bank Corporation (00939.HK) | Outperform the market | 5.9 yuan → 6.2 yuan

CM Bank (03968.HK) | Outperform the market | 43.2 yuan → 43.8 yuan

Industrial and Commercial Bank of China (01398.HK) | Outperform the market | 4.9 yuan → 5.2 yuan

Postal savings bank of china (01658.HK) | Outperform the market | 6.2 yuan → 5.1 yuan.