Not for redistribution without written consent of Morgan Stanley October 20, 2025 02:18 PM GMT M Idea China Construction Bank Corp. | Asia Pacific Research Tactical Idea We believe the share price will rise in absolute terms over the next 60 days. We expect banks' share pricse to be supported by seasonal fund inflows and see more upside towards end-2025. Moderate but steady credit demand should stabilize financial asset yields and bank NIM, and support revenue and profit growth in the coming quarters. 3Q25 ...