Shanghai — Premarket activity, February 9, 2026, 05:03 China Standard Time.
- Bank of China’s Shanghai-listed Class A shares ended at 5.35 yuan, slipping 0.05 yuan, a drop of 0.93%.
- China’s CPI and PPI numbers land Wednesday—figures that could shape views on rates and bank profitability.
- Eyes are also on January house-price numbers due later this week, as traders hunt for signals on property risk.
Bank of China Limited’s Class A shares (601988.SS) stumbled 0.93% on Friday, closing at 5.35 yuan. Investors head into the week eyeing upcoming China data that could shift rate and credit outlooks. https://www.investing.com/equities/bank-of-china
The Shanghai Composite slipped on Friday, setting a cautious backdrop for Monday’s session and offering little support to major banking stocks. https://tradingeconomics.com/china/stock-market
The focus is squarely on two metrics for banks: loan growth speed and earnings from those loans. Softer numbers can prompt renewed talk of policy help, potentially lifting credit demand. But that comes with a catch — net interest margin, or the difference between loan income and deposit costs, could get pinched.
China is set to publish its consumer price index (CPI) and producer price index (PPI) at 9:30 a.m. on Feb. 11, with the monthly house-price numbers following at 9:30 a.m. on Feb. 13, per the National Bureau of Statistics’ 2026 calendar. https://www.stats.gov.cn/english/PressRelease/ReleaseCalendar/202512/t20251226_1962154.html
It’s been a quiet stretch for company news, though state media did report former Bank of China vice president Lin Jingzhen has been kicked out of the Communist Party for “serious violation of discipline and law”—the usual language for corruption charges. https://www.reuters.com/world/china/former-bank-china-vice-president-lin-jingzhen-expelled-communist-party-xinhua-2026-02-06/
S&P Global Market Intelligence, in its week-ahead note, pointed to mainland inflation numbers as key for signals on any let-up in deflationary pressure. This comes on the heels of PMI figures marking the first uptick in business selling prices in 14 months back in January. https://www.spglobal.com/marketintelligence/en/mi/research-analysis/week-ahead-economic-preview-week-of-9-february-2026.html
Margin squeeze remains the central theme for Bank of China and its rivals. “We expect downward pressure on Chinese banks’ NIM to persist into 2026, until there is a meaningful recovery in credit demand,” CreditSights senior financials analyst Karen Wu wrote in an October note, following fresh reports of shrinking margins at the big state banks. https://www.reuters.com/world/asia-pacific/chinas-largest-banks-report-steady-profits-margins-shrink-2025-10-30/
Still, bulls face two pitfalls here. Policy easing alone, with loan demand stuck in neutral, leaves banks holding the bag — same balance-sheet risks, less to show in yields. Another miss on property data? That could throw investors right back into worrying about asset quality, especially around mortgages and developer loans.
Traders are keeping an eye on China’s credit and money figures later this week, looking for any hint that lending demand might be steadying—or slipping. https://tradingeconomics.com/china/calendar
Traders are eyeing Wednesday’s 9:30 a.m. CPI/PPI release in China as the next big event for Bank of China shares. The house-price data lands Friday. Both could sway outlooks for rates and bank earnings pressure.
