Galaxy Securities released a research report stating that with the optimization of real estate policies and the promotion of bundled debt, banks' profit and loss statements will be positively affected, and the improved industry risk expectations are expected to support valuations. Considering that the turning point in real estate sales has not yet appeared, and financing demand is in a weaker pattern, there is still uncertainty in the fundamentals of banks. However, positive factors are accumulating, and opportunities for volume and price recovery are brought by optimized deposit costs, accelerated issuance of government bonds, and optimized credit structure. In terms of investment strategy, we adhere to dividend strategies, bullish on the value of high-dividend symbols, including state-owned banks with stable dividends and high-quality small and medium-sized banks with stable performance, leading dividend yields, and fast-growing dividend ratios; layout of high-quality regional banks with low valuations to obtain premium for growth, and focus on high-quality city and rural commercial banks in Jiangsu, Zhejiang, Chengdu, and Chongqing.