Shanghai, Feb 1, 2026, 03:40 CST — Market closed.
- On Jan. 30, China Construction Bank A-shares ended at 8.72 yuan, slipping 0.57%.
- Starting Feb. 2, the bank is upping the minimum regular contribution for its personal gold accumulation plan to 1,500 yuan.
- With markets reopening Monday, investors are focused on new PMI figures and potential policy cues.
China Construction Bank Corporation Class A shares (601939) closed Friday at 8.72 yuan, slipping 0.57%, on volume of roughly 112.36 million shares. The Shanghai Composite dropped 0.96%, finishing at 4,117.95. (Investing.com Nigeria)
Data released over the weekend added to the cautious mood. China’s official manufacturing PMI dropped to 49.3 in January, hit by a seasonal slowdown and “market demand remained insufficient,” according to the National Bureau of Statistics. Readings above 50 indicate growth; below 50, contraction. (State Council of China)
The non-manufacturing PMI, covering services and construction, slid to 49.4—its lowest mark since February 2024. Ting Lu from Nomura warned that policymakers must “do much more” to keep growth above 4.5% this year. Another private PMI report from RatingDog is expected on Feb. 2. (Reuters)
The bank warned customers about tightening risk controls in a recent notice. It announced that starting at 9:10 a.m. Beijing time on Feb. 2, the minimum regular contribution for its personal “gold accumulation” plan — which allows clients to buy gold in small, recurring amounts — will increase to 1,500 yuan. Current plans will continue without change. (CCB)
Gold’s global sell-off sharpened that warning. Spot gold plunged 9.5% on Friday, marking its sharpest daily fall since 1983, after Donald Trump tapped Kevin Warsh to head the Federal Reserve. This came just a day after gold prices hit a record high. (Reuters)
China’s blue-chip CSI 300 index slipped 1.0%, ending Friday at 4,706.34, reflecting a cautious mood as the month wraps up. (Investing)
Other major state banks showed varied results: Industrial and Commercial Bank of China dipped 0.14%, Agricultural Bank of China dropped 0.88%, while Bank of China held steady, according to end-of-day figures. (Investing)
Retail demand for precious metals remains strong. Traders and retailers say they expect solid interest in China to continue despite record-high prices, putting bank moves on product terms under close scrutiny. (Reuters)
Policy still drives bank valuations more than anything else. The People’s Bank of China confirmed it can lower the reserve requirement ratio—the portion of deposits banks must hold back—and cut interest rates if necessary, aiming to maintain ample liquidity. (Reuters)
But a looser policy mix comes with risks for lenders. China’s biggest banks are seeing their net interest margins shrink as lending rates drop. At the same time, investors remain watchful for any rise in bad loans linked to the property market and softer household spending. (Reuters)
Markets reopen Monday, with eyes on the Feb. 2 PMI data and any ripple effects from the sudden gold price move. The bank’s new 1,500-yuan threshold kicks in mid-morning. Meanwhile, broker calendars note China Construction Bank’s annual report is set for release on March 28. (Eastmoney)
