China Construction Bank Corp Class H 00939

Stock XHKG Rating as of Jul 17, 2026

HK$8.29 +0.10 (1.22%)

As of Jul 17, 2026, 8:08:10 AM Delayed Price Closed

Company Report

CCB's Rebound in Net Interest Margin Supports Strong Revenue Growth

Iris Tan May 5, 2026

China Construction Bank's differentiated deposit franchise and high-quality customer base set it apart from peers, underpinned by its expansive physical network and entrenched relationships across both retail and corporate segments. However, this structural advantage is currently offset by industrywide headwinds, namely decelerating deposit growth and a continued flight to time deposits amid the ongoing rate-cut cycle. We anticipate CCB's net interest margin (NIM) to demonstrate relative resilience and outperform as economic activity rebounds.

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Price vs Fair Value

View History

00939 is trading at a LOCK|rwH$P% premium.

Price

HK$8.29

Jul 17, 2026

Fair Value

May 5, 2026

Uncertainty

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1-Star Price: LOCK|.?s
5-Star Price: F.v
Economic Moat: LOCK|Lvb?y
Capital Allocation: LOCK|njD<mC

Bulls Say, Bears Say

Bulls

As a major lender to infrastructure related sectors, CCB's credit quality is supported by easing local government debt risks as a result of government debt swap.

Bears

As financial disintermediation continues, large-scale and high-quality businesses are more likely to access lower-cost direct financing, which will weaken CCB's customer base and its bargaining power over these customers.

Trading Information

Previous Close Price: HK$8.19
Day Range: HK$8.19–8.29
52-Week Range: HK$7.18–9.07
Bid/Ask: HK$8.29 / HK$8.30
Shares Outstanding: 261.60B
Market Cap: HK$2.17T
Volume/Avg: 246M / 252M

Key Statistics

Price/Earnings (Normalized): 5.68
Price/Sales: 2.54
Dividend Yield (Trailing): 5.29%
Dividend Yield (Forward): 5.29%
Total Yield: 5.29%

Company Profile

China Construction Bank, headquartered in Beijing, is China's second-largest bank. It went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager, is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. The corporate banking, retail banking, and wholesale banking business segments accounted for 22%, 41%, and 34% of profit before tax, respectively, in 2025.

Sector: Financial Services
Industry: Banks - Diversified
Stock Style Box: Large Value
Total Number of Employees: 378,344
Website: https://www.ccb.com

Competitors

Valuation

Metric	00939	601988	601288
Price/Earnings (Normalized)	5.68	8.07	8.09
Price/Book Value	0.54	0.70	0.79
Price/Sales	2.54	2.94	3.20
Price/Cash Flow	9.49	1.88	0.59

Price/Earnings

00939

601988

601288

Financial Strength

Metric	00939	601988	601288
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	00939	601988	601288
Return on Assets (Normalized)	0.76%	0.69%	0.62%
Return on Equity (Normalized)	10.03%	9.91%	10.83%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets