China Galaxy Securities: Positive factors in the banking sector continue to accumulate, and a turning point in performance is expected.

Guotai Junan Securities stated that the long-term assessment of insurance funds has been strengthened, which increases the value of the dividend of the banking sector. Public fund underweight is expected to be repaired, ETF expansion accelerates the benefits of heavyweight stocks, and incremental funds accelerate the reshaping of bank valuations. A comprehensive financial policy is being implemented, structural tools are being strengthened, positive factors in the banking sector continue to accumulate, and a turnaround in performance can be expected.