China Galaxy Securities: Continues to be optimistic about the value of the banking sector configuration and maintains a recommended rating.

China Galaxy Securities pointed out that a package of financial policies has been introduced, with reductions in reserve requirements and interest rates, releasing liquidity. The innovation of structural tools has increased, guiding banks to optimize their credit structure, and bank capital increases to provide support for credit issuance and risk control. The fundamental factors of banks continue to accumulate positively. It is expected that the entry of medium and long-term funds into the market will accelerate further, accelerating the realization of the value of the bank sector dividend. We continue to be optimistic about the allocation value of the bank sector and maintain a recommended rating.