Goldman Sachs lowered ratings, target price of some Chinese banks

Industrial and Commercial Bank of China (01398.HK) | Buy -> Sell | HK$4.98 -> HK$3.55

Bank of China (03988.HK) | Neutral | HK$2.72 -> HK$2.83

China Construction Bank (00939.HK) | Buy | HK$6.07 -> HK$5.81

Agricultural Bank of China (01288.HK) | Neutral -> Sell | HK$2.62 -> HK$2.45

Bank of Communications (03328.HK) | Sell | HK$3.97 -> HK$3.88

Postal Savings Bank of China (01658.HK) | Sell -> Buy | HK$4.06 -> HK$5.8

China Merchants Bank (03968.HK) | Neutral | HK$40.85 -> HK$36.24