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Stock Performance: Several Chinese banks, including ICBC, CCB, and Bank of China, experienced positive stock price movements, with increases ranging from 1.16% to 3.12%.

Short Selling Data: Short selling activity varied among banks, with ABC and PSBC showing the highest short selling ratios at 25.74% and 29.01%, respectively.

Investment Ratings: All listed banks received a "Buy" rating, indicating a positive outlook from analysts.

Market Context: The data reflects the performance and investor sentiment towards Chinese banks as of October 31, 2025, with stock quotes delayed by at least 15 minutes.

Chinese Banks' 3Q25 Performance: Citi's report indicates that Chinese banks generally met expectations for 3Q25, with a slight decline in pre-provision profit due to weak trading income, despite improvements in net interest margins (NIM) and fee income.

Individual Bank Highlights: BANK OF CHINA exceeded market expectations with strong NIM and trading income, while MINSHENG BANK, CEB BANK, and BANK OF CHENGDU fell short of expectations.

Future Outlook: Citi anticipates BANK OF CHINA will outperform in 4Q25 and 1Q26 due to increased insurance fund purchases and capital rotation, favoring major banks like ICBC and CCB for their positive earnings growth and high dividend yields.

Citi's Top Picks: The broker's top recommendations include ICBC, CCB, and BANK OF CHINA, highlighting their attractive valuations and strong dividend yields in the context of the Chinese banking sector.