Hong Kong stocks gain for fifth day

HONG KONG (MarketWatch) -- Hong Kong stocks headed higher Monday morning toward their fifth straight session of gains, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.18% up 0.6%. Index heavyweight Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -3.04% /zigman2/quotes/202617460/composite TCTZF +1.71% helped lead the gains, rising 1.5% after China's top banking regulator approved the establishment of three private banks, including WeBank, in which Tencent has a 30% stake. Meanwhile, the state-owned banking giants posted broad gains, as Bank of Communications Co. /zigman2/quotes/203442771/delayed HK:3328 +1.78% /zigman2/quotes/208048873/composite BKFCF -1.20% /zigman2/quotes/207155262/delayed CN:601328 +2.58% popped 2.9% higher, China Minsheng Banking Corp. /zigman2/quotes/208095167/delayed HK:1988 -0.31% /zigman2/quotes/203910009/delayed CN:600016 +1.03% /zigman2/quotes/200749234/composite CMAKY +1.34% rose 2.8%, and Agricultural Bank of China Ltd. /zigman2/quotes/200705246/delayed HK:1288 +0.66% /zigman2/quotes/209398792/composite ACGBF -9.10% /zigman2/quotes/204629388/delayed CN:601288 +1.71% traded 1.4% higher. Shares in Industrial & Commercial Bank of China Ltd. /zigman2/quotes/201401473/delayed HK:1398 +0.47% /zigman2/quotes/204265987/composite IDCBF +3.11% /zigman2/quotes/202525815/delayed CN:601398 +1.04% added 0.6% despite news it planned to issue close to $13 billion in preferred shares. Over on the Chinese mainland, Shanghai stocks rallied on, following a weekly advance of 3.3% last week, after reports said the so-called "through train" scheme, which would allow direct stock trading between Hong Kong and Shanghai, could be launched in mid-October. The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.28% rose 1.4%.

/zigman2/quotes/210598030/delayed

Add to watchlist HK:HSI

Hang Seng Index

HK : Hong Kong Exchange

18,526.55

-220.37 -1.18%

Volume: 1.99M

May 29, 2023 3:53p

/zigman2/quotes/204605823/delayed

Add to watchlist HK:700

Tencent Holdings Ltd.

HK : Hong Kong

$ 312.60

-9.80 -3.04%

Volume: 27.16M

May 29, 2023 3:53p

P/E Ratio

14.17

Dividend Yield

0.77%

Market Cap

$3064.38 billion

Rev. per Employee

$6.00M

/zigman2/quotes/202617460/composite

Add to watchlist TCTZF

Tencent Holdings Ltd.

US : U.S.: OTC

$ 41.11

+0.69 +1.71%

Volume: 7,445

May 26, 2023 3:41p

P/E Ratio

14.59

Dividend Yield

0.38%

Market Cap

$391.12 billion

Rev. per Employee

$765,438

/zigman2/quotes/203442771/delayed

Add to watchlist HK:3328

Bank of Communications Co. Ltd.

HK : Hong Kong

$ 5.15

+0.09 +1.78%

Volume: 18.82M

May 29, 2023 3:53p

P/E Ratio

3.51

Dividend Yield

8.04%

Market Cap

$423.00 billion

Rev. per Employee

$6.78M

/zigman2/quotes/208048873/composite

Add to watchlist BKFCF

Bank of Communications Co. Ltd.

US : U.S.: OTC

$ 0.66

-0.0080 -1.20%

Volume: 0.00

May 22, 2023 12:41p

P/E Ratio

3.51

Dividend Yield

N/A

Market Cap

$55.93 billion

Rev. per Employee

$722,733

/zigman2/quotes/207155262/delayed

Add to watchlist CN:601328

Bank of Communications Co. Ltd. A

CN : China: Shanghai

¥ 5.96

+0.15 +2.58%

Volume: 142.39M

May 29, 2023 3:00p

P/E Ratio

4.78

Dividend Yield

6.26%

Market Cap

¥387.57 billion

Rev. per Employee

¥4.92M

/zigman2/quotes/208095167/delayed

Add to watchlist HK:1988

China Minsheng Banking Corp. Ltd.

HK : Hong Kong

$ 3.18

-0.01 -0.31%

Volume: 11.74M

May 29, 2023 3:51p

P/E Ratio

3.78

Dividend Yield

7.47%

Market Cap

$180.25 billion

Rev. per Employee

$5.62M

/zigman2/quotes/203910009/delayed

Add to watchlist CN:600016

China Minsheng Banking Corp. Ltd. A

CN : China: Shanghai

¥ 3.94

+0.04 +1.03%

Volume: 100.86M

May 29, 2023 3:00p

P/E Ratio

4.82

Dividend Yield

5.43%

Market Cap

¥162.20 billion

Rev. per Employee

¥4.94M

/zigman2/quotes/200749234/composite

Add to watchlist CMAKY

China Minsheng Banking Corp. Ltd. ADR

US : U.S.: OTC

$ 4.25

+0.06 +1.34%

Volume: 0.00

May 22, 2023 2:55p

P/E Ratio

3.96

Dividend Yield

5.39%

Market Cap

$23.51 billion

Rev. per Employee

$717,198

/zigman2/quotes/200705246/delayed

Add to watchlist HK:1288

Agricultural Bank of China Ltd.

HK : Hong Kong

$ 3.03

+0.02 +0.66%

Volume: 125.82M

May 29, 2023 3:53p

P/E Ratio

3.57

Dividend Yield

8.14%

Market Cap

$1309.91 billion

Rev. per Employee

$3.23M

/zigman2/quotes/209398792/composite

Add to watchlist ACGBF

Agricultural Bank of China Ltd.

US : U.S.: OTC

$ 0.37

-0.04 -9.10%

Volume: 0.00

May 23, 2023 2:56p

P/E Ratio

3.37

Dividend Yield

N/A

Market Cap

$166.59 billion

Rev. per Employee

$408,963

/zigman2/quotes/204629388/delayed

Add to watchlist CN:601288

Agricultural Bank of China Ltd.

CN : China: Shanghai

¥ 3.56

+0.06 +1.71%

Volume: 342.98M

May 29, 2023 3:00p

P/E Ratio

4.81

Dividend Yield

6.24%

Market Cap

¥1200.67 billion

Rev. per Employee

¥2.75M

/zigman2/quotes/201401473/delayed

Add to watchlist HK:1398

Industrial & Commercial Bank of China Ltd.

HK : Hong Kong

$ 4.25

+0.02 +0.47%

Volume: 166.14M

May 29, 2023 3:53p

P/E Ratio

3.68

Dividend Yield

7.93%

Market Cap

$1783.80 billion

Rev. per Employee

$3.97M

/zigman2/quotes/204265987/composite

Add to watchlist IDCBF

Industrial & Commercial Bank of China Ltd.

US : U.S.: OTC

$ 0.58

+0.02 +3.11%

Volume: 0.00

May 23, 2023 2:46p

P/E Ratio

3.84

Dividend Yield

N/A

Market Cap

$229.94 billion

Rev. per Employee

$527,130

/zigman2/quotes/202525815/delayed

Add to watchlist CN:601398

Industrial & Commercial Bank of China Ltd.

CN : China: Shanghai

¥ 4.85

+0.05 +1.04%

Volume: 298.06M

May 29, 2023 3:00p

P/E Ratio

4.80

Dividend Yield

6.26%

Market Cap

¥1624.73 billion

Rev. per Employee

¥3.55M

/zigman2/quotes/210598127/delayed

Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,221.45

+8.94 +0.28%

Volume: 29.74B

May 29, 2023 3:00p