China Construction Bank stock falls 2 percent as banks weaken

China Construction Bank (ISIN CNE1000002H1) traded at HKD 9.55 on the Hong Kong Stock Exchange at 4:00 p.m. on September 23, 2026, down 2 percent as Chinese bank stocks weakened. The move puts the current quote below Daiwa's new 12-month target of HKD 11.05.

Daiwa sets HKD 11.05 target

According to Sina Finance on September 21, 2026, Daiwa began coverage with a Buy rating and a 12-month price target of HKD 11.05. The target is HKD 1.50 above the September 23 quote, a difference of 15.7 percent based on the two stated prices.

The numerical gap is the clearest valuation reference in the current setup, while the same-day price action shows that the market did not follow the target higher on September 23. The stock instead remained under pressure with the broader banking group.

Bank shares trade lower

China Construction Bank opened September 23, 2026, at HKD 9.59 and was quoted at HKD 9.55 at 4:00 p.m., compared with a stated intraday change of minus 2 percent. The Hang Seng Index opened down 0.09 percent at 25,064.84 points, while China Construction Bank was listed among the weaker large-cap names at the open.

The comparison matters because the stock's decline occurred alongside sector weakness rather than as an isolated move. The September 23 quote also remains below the HKD 11.05 target announced by Daiwa on September 21, leaving the target-price spread as the main quantified reference for investors.

Stock closes at HKD 9.55

China Construction Bank closed at HKD 9.55 on the Hong Kong Stock Exchange on September 23, 2026, after trading at HKD 9.59 in the available opening data. The September 23 market move and the September 21 Daiwa target provide the current price and valuation markers for the stock.

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