Lu Wei's New Role: Lu Wei, President of CITIC Bank, has been reassigned to a position as a member of the leading party members’ group and deputy general manager of China Post Group, with an expected appointment as president of PSBC.
Current Leadership Changes: Liu Jianjun, the current president of PSBC and a member of the China Post Group, is set to retire at the age of 60, prompting the leadership transition.
Market Activity: CITIC Bank's stock experienced a slight decline, while PSBC's stock saw a modest increase, with significant short selling activity reported for both banks.
Future Expectations: Analysts from M Stanley suggest that Chinese banks have potential for growth, with expectations of a 50 basis point cut in the reserve requirement ratio by the People's Bank of China in the first quarter of 2026.
Wall Street analysts forecast 00998 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00998 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00998 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00998 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 7.080
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Current: 7.080
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
