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BofA Merrill Lynch, in its latest research report, said the Mainland banks stocks of higher risk assets and liabilities will benefit more from the declined interest rates, expecting Mainland banking sector will outperform against the insurance sector. In the Mainland banking sector, MINSHENG BANK (01988.HK)  +0.110 (+1.478%)    Short selling $25.43M; Ratio 7.387%   and CCB (00939.HK)  +0.020 (+0.357%)    Short selling $41.99M; Ratio 5.762%   were chosen as the top picks. Meanwhile, due to Shanghai-Hong Kong Stock Connect, the valuation of brokerage H shares is much higher than that of Mainland banks shares, and the former should have limited upside potential in near term. The research house expects CHINA CINDA (01359.HK)  -0.050 (-1.425%)    Short selling $5.92M; Ratio 5.008%   to outperform against other brokerage stocks, and downgraded CITIC SEC (06030.HK)  -0.380 (-2.023%)    Short selling $22.97M; Ratio 29.345%   from Buy to Neutral.

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