Citigroup's research report states that next year will be an important year for the mainland banking corporation to raise capital. Due to geopolitical risks and the uncertain effects of fiscal stimulus policies, defensive high dividend large silver banks are preferred next year.

Citigroup estimates that the dilution of capital by the six mainland banking will be one-time, and there will be no further capital raising in the foreseeable future. As the Ministry of Finance relies on the six major banks' dividends to repay debt, it is expected that the profit growth of the six major banks will be stable, with a stable dividend payout ratio. The bank stated that the preferred H shares of the mainland banks are China Construction Bank Corporation and CQRC Bank.