Morgan Stanley published a research report, listing the investment ratings and target prices for China Mainland Banking and Brokerage stocks as follows:

Stock | Investment Rating | Target Price (HKD)

China Mainland Banking

Postal Savings Bank Of China (01658.HK) | Shareholding | 5.3 yuan

MINSHENG BANK (01988.HK) | Shareholding | 4.2 yuan

Agricultural Bank Of China (01288.HK) | Shareholding | 4.4 yuan

China Construction Bank Corporation (00939.HK) | Shareholding | 7.1 yuan

CM BANK (03968.HK) | Shareholding | 44.5 yuan

Bank Of China (03988.HK) | Shareholding | 4.6 yuan

Industrial And Commercial Bank Of China (01398.HK) | Shareholding | 5.6 yuan

China CITIC Bank Corporation (00998.HK) | In line with the market | 4.5 yuan

Bank Of Communications (03328.HK) | Shareholding | 5 yuan

CEB BANK (06818.HK) | Shareholding | 1.8 yuan

CQRC BANK (03618.HK) | Shareholding | 2.6 yuan

Brokerage stocks

CITIC SEC (06030.HK) | In line with the market | 21.2 yuan

HTSC (06886.HK) | In line with the market | 14.3 yuan

China Galaxy (06881.HK) | In line with the market | 6.6 yuan

GF SEC (01776.HK) | In line with the market | 9.8 yuan

China International Capital Corporation (03908.HK) | In line with the market | 12.8 yuan

China Merchants (06099.HK) | Shareholding | 10.6 yuan