CICC released a report. It is expected that the revenue and net profit of listed banks in the third quarter will drop 2% and increase by 1% year-on-year, which is basically the same as in the second quarter. Interest spreads are still the main factor dragging down revenue and are in line with market expectations. Compared to the third quarter results, the current market focus is more on the implementation and impact of recent financial and fiscal stimulus policies. The bank believes that the policy catalyzes improvements in banks' asset quality expectations and increased certainty in dividend payments, which is a key variable affecting banks' stock prices, so even if performance is relatively lackluster, the outlook for the sector is positive. CICC is optimistic about the bank sector's valuation repair under policy catalyst, mainly due to improvements in asset quality expectations under the debt conversion policy and the special investment value brought about by stabilizing dividend returns. Individual stocks are concerned about China Merchants Bank, Bank of Ningbo, Bank of Changshu, and major state-owned banks, which already have obvious competitiveness in the exhibition industry, as well as the reform and transformation progress of Yunong Commercial Bank and Bank of Nanjing.

CICC released a report. It is expected that the revenue and net profit of listed banks in the third quarter will drop 2% and increase by 1% year-on-year, which is basically the same as in the second quarter. Interest spreads are still the main factor dragging down revenue and are in line with market expectations. Compared to the third quarter results, the current market focus is more on the implementation and impact of recent financial and fiscal stimulus policies. The bank believes that the policy catalyzes improvements in banks' asset quality expectations and increased certainty in dividend payments, which is a key variable affecting banks' stock prices, so even if performance is relatively lackluster, the outlook for the sector is positive. CICC is optimistic about the bank sector's valuation repair under policy catalyst, mainly due to improvements in asset quality expectations under the debt conversion policy and the special investment value brought about by stabilizing dividend returns. Individual stocks are concerned about China Merchants Bank, Bank of Ningbo, Bank of Changshu, and major state-owned banks, which already have obvious competitiveness in the exhibition industry, as well as the reform and transformation progress of Yunong Commercial Bank and Bank of Nanjing.