Galaxy Securities: Continue to be bullish on the value of bank sector allocation.

Galaxy Securities research report said that the rules of the RMB cross-border payment system will be revised, accelerating the internationalization of the RMB, and benefiting the expansion of bank cross-border businesses. The conversion of convertible bonds of small and medium-sized banks into stocks is expected to help strengthen their capital. The strength of medium and long-term funds is increasing, and the underweight position of public funds is expected to be repaired. The expansion of ETFs will accelerate and benefit heavyweight stocks, and new funds will accelerate the reshaping of bank valuations. We continue to see value in the banking sector allocation and maintain a recommended rating.