HK Stock Market Move | All listed bank stocks are on the rise, with listed banks recently announcing a series of dividends. Institutions believe that there is still room for the sector's valuation to increase.

In terms of news, all major domestic bank stocks have risen. As of the time of publication, Postal Savings Bank of China (01658) rose by 3.08% to HK$4.68; Industrial and Commercial Bank of China (01398) rose by 2.21% to HK$5.09; CITIC BANK (00998) rose by 2.23% to HK$5.49; CCB (00939) rose by 1.81% to HK$6.19; Bank of China (03988) rose by 1.54% to HK$3.95. According to Wind data, from January 22nd to January 24th, 9 listed banks will distribute dividends, with 8 banks distributing mid-term dividends for 2024 and 1 bank distributing dividends for the third quarter of 2024, totaling cash dividends of 60.681 billion yuan. In addition, in the background of regulatory policies encouraging listed companies to optimize dividend distribution methods and timing, several listed banks have announced the implementation of mid-term dividends. Data shows that as of January 21st, 15 listed banks have completed the distribution of mid-term dividends for 2024. Industry insiders believe that multiple dividend distributions by listed banks help investors to timely receive investment returns and enhance investor confidence. CITIC Securities believes that based on the 2024 financial report, the fundamentals of banks are solid, and operating indicators are better than expected. Based on the repositioning of bank business model risk expectations and growth expectations, combined with a scenario analysis of the 2025 economy and policies, there is still room for upward valuation of the banking sector. Cai Xin Securities pointed out that looking ahead to 2025, with a more positive macro policy direction and the improvement of economic expectations in the background of declining risk-free rates and policy support, the banking sector has both stable dividend attributes and recovery trading logic.