On September 19, Guosen Securities' research report indicated that the financial 'squeezing out excess liquidity' and the governance of capital idling continued, with the slowing down of credit extension and improvement in quality. The pace tends to be balanced, with the total quantity maintaining reasonable growth. Government bonds exert efforts to support social financing. The central bank proposed to introduce incremental policies, further reducing the financing costs for enterprises and residents, and meeting the reasonable consumer financing needs more effectively, reflecting the orientation towards promoting consumption and expanding domestic demand. In the current environment of asset shortages, we remain bullish on the value of the banking sector, and maintain the recommended ratings. In terms of individual stocks, we recommend Industrial and Commercial Bank of China, China Construction Bank Corporation, Postal Savings Bank of China, Bank of Jiangsu, and Jiangsu Changshu Rural Commercial Bank.