Guoxin Securities released a research report on April 21 stating that it gave Bank of Hangzhou (600926.SH) an increase in holdings rating. The main reasons for the rating include: 1) positive revenue growth, with a net profit growth rate of more than 20%; 2) excellent asset quality; aggressive credit impairment losses were calculated in 2023, but credit impairment losses were reduced; 3) excellent debt cost control, and the net interest margin reduction was at a good level; 4) fees and commission income declined, and other non-interest income achieved good growth. (Mainichi Keizai Shimbun)