J.P. Morgan released a research report, listing the investment ratings and target prices for domestic banks and brokerage H-shares as follows:

Stock | Investment Rating | Target Price (HKD)

State-owned domestic banks

Postal Savings Bank Of China (01658.HK) | Shareholding | 5.8 HKD

China Construction Bank Corporation (00939.HK) | Shareholding | 6.75 HKD

Agricultural Bank Of China (01288.HK) | Shareholding | 4.25 HKD

Bank Of China (03988.HK) | Neutral | 3.7 HKD

Industrial And Commercial Bank Of China (01398.HK) | Neutral | 5.1 HKD

Bank Of Communications (03328.HK) | Shareholding | 5.3 yuan

Mixed Ownership of State-owned Banks

CM BANK (03968.HK) | Shareholding | 58 yuan

MINSHENG BANK (01988.HK) | Neutral | 3.2 yuan

CEB BANK (06818.HK) | Neutral | 2.6 yuan

China CITIC Bank Corporation (00998.HK) | Neutral | 4.8 yuan

Brokerage Stocks

GTJA (02611.HK) | Neutral | 8.1 yuan

HTSC (06886.HK) | Shareholding | 23.14 yuan

China Merchants (06099.HK) | Neutral | 14.49 yuan

CITIC SEC (06030.HK) | Shareholding | 33.87 yuan

GF SEC (01776.HK) | Neutral | 16.75 yuan

China Galaxy (06881.HK) | Shareholding | 12.59 yuan

HAITONG SEC (06837.HK) | Shareholding | 2.1 yuan

China International Capital Corporation (03908.HK) | Shareholding | 23.47 yuan