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. Judging from the horizontal comparison between A-shares and Hong Kong stocks, the overall increase in the Hong Kong stock banking sector has also outperformed the A-share banking sector by about 20 percentage points since this year.

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. Judging from the horizontal comparison between A-shares and Hong Kong stocks, the overall increase in the Hong Kong stock banking sector has also outperformed the A-share banking sector by about 20 percentage points since this year.