Since the beginning of this year, the A-share banking sector has been divided. As of August 9, Chengdu Bank, Jiangsu Bank and Jiangyin Bank have increased by more than 20%, while China Merchants Bank, Ping an Bank and Ningbo Bank have all declined by more than 20%. In terms of valuation, 36 of the 42 bank stocks have a price-to-book ratio of less than 1 and a broken-net ratio of more than 85%. Industry insiders said that the divergence in market performance is related to the different speed of credit issuance by banks so far this year. Overall, the current banking sector valuation is historically low, with the semi-annual report of listed banks disclosed one after another, and bank stocks are expected to usher in policy and trading structure improvement double positive, plate valuation is expected to be repaired. (China Securities News)