China Galaxy Securities released a research report saying that the volume and price of listed banks have improved, and risks have been cleared up at an accelerated pace. Despite weak demand for financing, the steady trend of interest spreads continued as fiscal strength, special bonds, and the accelerated use of new policy financial instruments further helped credit investment, and the release of deposit repricing dividends. Real estate and local debt insurance is beneficial to improving the quality of bank assets, and retail risks still require attention. Overall, the bank's basic orientation logic remains unchanged, which supports valuation. The bank continues to be optimistic about the allocation value of the banking sector and focuses on dividend strategies and individual stock selection opportunities.

China Galaxy Securities released a research report saying that the volume and price of listed banks have improved, and risks have been cleared up at an accelerated pace. Despite weak demand for financing, the steady trend of interest spreads continued as fiscal strength, special bonds, and the accelerated use of new policy financial instruments further helped credit investment, and the release of deposit repricing dividends. Real estate and local debt insurance is beneficial to improving the quality of bank assets, and retail risks still require attention. Overall, the bank's basic orientation logic remains unchanged, which supports valuation. The bank continues to be optimistic about the allocation value of the banking sector and focuses on dividend strategies and individual stock selection opportunities.