Driven by multiple favorable policies, bank stocks have regained their “bullish path.” On October 14, the A-share banking sector once again led all major sectors with a flourishing trend across the board. All 42 bank stocks reported higher and closed higher, and many individual Chengnong Commercial Bank stocks rose more than 5%. Last weekend, the Ministry of Finance released favorable policies, including setting the tone to support local government debt risk mitigation, issuing special treasury bonds to support major state-owned banks to supplement capital, and supporting efforts to stop falling and stabilize the real estate market. Analysts believe that a series of incremental fiscal policies provide strong support for improving asset quality expectations and are beneficial for boosting bank stock valuations. Furthermore, a new type of interchange facilitation instrument recently created by the central bank also boosts confidence in dividend assets with strong stability.

Zhitongcaijing · 10/14 23:57
Driven by multiple favorable policies, bank stocks have regained their “bullish path.” On October 14, the A-share banking sector once again led all major sectors with a flourishing trend across the board. All 42 bank stocks reported higher and closed higher, and many individual Chengnong Commercial Bank stocks rose more than 5%. Last weekend, the Ministry of Finance released favorable policies, including setting the tone to support local government debt risk mitigation, issuing special treasury bonds to support major state-owned banks to supplement capital, and supporting efforts to stop falling and stabilize the real estate market. Analysts believe that a series of incremental fiscal policies provide strong support for improving asset quality expectations and are beneficial for boosting bank stock valuations. Furthermore, a new type of interchange facilitation instrument recently created by the central bank also boosts confidence in dividend assets with strong stability.