CCB International (CCBI), in its report, said that the Chinese banks' valuation system has Chinese characteristics (VSCC), with modest operating performances and cheap valuations. The broker estimated that Chinese banks will meticulously manage their financial statements to maintain lucrative dividend yields. The H-share Chinese banks' dividend yields of 8.6% last year will be paid in the middle of the current fiscal year. An absolute return of 7% YTD meant that the MSCI China Banks outperformed the MSCI China Index by 8% but underperformed the MSCI World Banks by 2%. Related NewsCM BANK 1Q Net Profit RMB38.08B, Down 2% YoYCCBI preferred H-share Chinese banks, CM BANK (03968.HK) +0.750 (+2.193%) Short selling $414.26M; Ratio 39.703% and CITIC BANK (00998.HK) +0.080 (+1.822%) Short selling $20.92M; Ratio 8.920% , mainly because of their resilient ROE/ RoRWA, as well as ample capital adequacy that combine to produce lucrative dividend yields. The broker believed that Chinese banks' 1Q24 profit to be flat YoY, which is still solid. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-29 16:25.)