Golden Finance News | China mainland banking stocks showed strength. As of the time of publication, Harbin Bank (06138) rose by 4.41%, zybank (01216) rose by 1.67%, Bank of Tianjin (01578) rose by 1.2%, minsheng bank (01988) rose by 1%, and China Citic Bank Corporation (00998) followed the uptrend.

From the perspective of news, Citic Securities stated that the core operating elements of the banking industry are running steadily. In the context of the previous comprehensive policy implementation, the fundamental variables of the sector have entered a stable period. Overall, the marginal variables affecting the trend of banks are the changes in investors' fund situation and macro policy expectations. We are inclined to be optimistic towards the direction of investing in bank stocks. Regarding individual stocks, we recommend two main themes: ① Low volatility varieties contribute to steady profit space; banks with high dividends and high capital are more valuable for allocation; ② Growth varieties contribute to elastic profit space; companies with excellent business models have more valuation potential.

Galaxy Securities stated that with the introduction of a package of incremental policies, there is a short-term positive impact on the crediting provision for banks, with a neutral influence on interest rate spreads. The resolution of local debt and real estate risks has been intensified, benefiting the continuous improvement of bank asset quality. Supplement the capital of state-owned major banks, enhance crediting provision and risk resistance capabilities. Strengthen market capitalization management, increase bank dividends, accelerate the transformation of operational models, and create room for valuation restoration. The bank continues to be bullish on the allocation value of banks, adhering to dividend value and high dividend strategies, maintaining a recommended rating.