China Galaxy Securities pointed out that a package of financial policies has been introduced, interest rate cuts have been implemented, liquidity has been released, innovation in structural tools has been strengthened to guide the optimization of bank credit structures, and bank capital increases provide support for credit investment and risk control. Positive elements of banking fundamentals continue to accumulate. The entry of medium- to long-term capital into the market is expected to further accelerate, speeding up the redemption of dividend values in the banking sector. We continue to be optimistic about the allocation value of the banking sector and maintain the recommended rating.

China Galaxy Securities pointed out that a package of financial policies has been introduced, interest rate cuts have been implemented, liquidity has been released, innovation in structural tools has been strengthened to guide the optimization of bank credit structures, and bank capital increases provide support for credit investment and risk control. Positive elements of banking fundamentals continue to accumulate. The entry of medium- to long-term capital into the market is expected to further accelerate, speeding up the redemption of dividend values in the banking sector. We continue to be optimistic about the allocation value of the banking sector and maintain the recommended rating.