Since this year, the stock prices of the three major banknote issuing banks in Hong Kong have all risen by more than 30%, and their net market ratios have all reached historic highs. At present, the PB of the three major banknote issuing banks has all risen above the 98% quantile in the past five years. Among them, HSBC and Standard Chartered have even broken through the 99% quantile in the past ten years. The @21世纪经济报道 reporter noticed that out of the current 30 banks listed on the Hong Kong Stock Exchange, there are only three banknote issuers with a net market ratio greater than 1: HSBC, Standard Chartered, and Bank of China. All other banks are in a “broken” state. Currently, the PB of China Merchants Bank's H shares is 0.99 times, while the PB of H shares of the four major state-owned banks is only 0.6 to 0.7 times.

Since this year, the stock prices of the three major banknote issuing banks in Hong Kong have all risen by more than 30%, and their net market ratios have all reached historic highs. At present, the PB of the three major banknote issuing banks has all risen above the 98% quantile in the past five years. Among them, HSBC and Standard Chartered have even broken through the 99% quantile in the past ten years. The @21世纪经济报道 reporter noticed that out of the current 30 banks listed on the Hong Kong Stock Exchange, there are only three banknote issuers with a net market ratio greater than 1: HSBC, Standard Chartered, and Bank of China. All other banks are in a “broken” state. Currently, the PB of China Merchants Bank's H shares is 0.99 times, while the PB of H shares of the four major state-owned banks is only 0.6 to 0.7 times.