CITIC SEC's Research Reports indicate that in the first quarter of 2025, the market investment style is becoming more diversified, with the proportion of bank stocks in actively managed funds slightly decreasing by 0.37 percentage points from the peak at the end of last quarter. Looking ahead, in the short term, trade frictions still have an impact on market expectations; under this context, low-volatility sectors have allocation value. In the medium term, under the two hypothetical scenarios of macro "prudence" and "weakening", the banking sector shows relatively stable characteristics compared to most industries, with significant relative value, suggesting proactive allocation.