According to CITIC in the "Major Banks", the lending season in the mainland during April is relatively weak, the impact of tariffs is beginning to show, but the fundamentals of China Mainland Banking remain fairly stable.

In the short term, the competition for capital allocation and the effect of dividend ex-rights may cause disruption to stock prices. In the medium term, investors may choose to allocate to state-owned major banks and CM BANK (03968.HK), which have high dividends and stable dividend payouts.