Market Overview - On August 6, A-shares experienced a significant increase, with the Shanghai Composite Index closing at 3633.99 points, up 0.45%, marking a three-day consecutive rise and a new annual closing high [2] - The total market turnover reached 1.7592 trillion yuan, an increase of 143.4 billion yuan compared to the previous trading day [2] - Over 3300 stocks in the market rose, with nearly 100 stocks increasing by over 9%, primarily focusing on military and robotics sectors [2] Robotics Sector - The robotics sector saw a resurgence, with stocks like Haosen Intelligent and Guorui Technology hitting the daily limit of 20% [3] - IDC forecasts that the global robotics market will exceed $400 billion by 2029, with China accounting for nearly half of that market [3] - The Shanghai Municipal Government has issued a plan aiming for significant advancements in embodied intelligence technology by 2027, targeting a core industry scale of over 50 billion yuan [4] Military Industry - The military sector remains strong, with stocks like Changcheng Military Industry achieving a five-day four-limit rise [5] - China Shipbuilding and China Heavy Industry have received approval for a merger, with their stocks set to be suspended from trading starting August 13 [5] - The military sector's fundamentals are improving, with expectations for continued order announcements and growth in commercial aerospace and low-altitude economy sectors [5] Market Sentiment - The market sentiment remains optimistic, with expectations for the Shanghai Composite Index to continue its upward trend [6] - Strong policy support is anticipated to provide a foundation for market stability, with a focus on technology and small-cap growth sectors [6] - The upcoming half-year report season may lead to performance verification pressures on high-valuation stocks, suggesting a cautious approach to investment [6]

Core Viewpoint - Agricultural Bank of China (ABC) has reached a historic high in stock price and market capitalization, becoming the largest circulating market value in A-shares, surpassing Industrial and Commercial Bank of China (ICBC) for the first time [1][2]. Market Performance - As of August 6, ABC's stock price closed at 6.62 CNY per share, with a circulating market value of 2.11 trillion CNY, while ICBC's circulating market value was 2.09 trillion CNY [1]. - ABC's A-share cumulative increase this year is 29.8%, ranking third among 42 listed banks, and first among the six major state-owned banks [2]. Institutional Investment - Insurance funds have been actively purchasing bank stocks, with at least five banks, including ABC's H-shares, being targeted for significant investments [1]. - Public funds have increased their holdings in ABC, with a total of 93 public fund companies holding 10.37 billion shares by the end of Q2, representing a 0.32% share of circulating stocks, an increase of 7.44 million shares from Q1 [4]. Dividend Distribution - The total cash dividends distributed by 42 A-share listed banks for the 2024 fiscal year reached 632.59 billion CNY, an increase of nearly 20 billion CNY from the previous year [4]. Stock Trends - The banking sector has benefited from high dividend investment interest, with a notable increase in institutional investments [5]. - As of August 6, 14 A-share bank stocks have increased by over 20% this year, with several H-share bank stocks showing even higher gains [5]. Future Outlook - Research institutions remain optimistic about the banking sector, with expectations of improved fundamentals and revenue growth starting in 2026 [8]. - UBS forecasts that banks with dividend yields exceeding 4.2% for H-shares and 4.0% for A-shares are attractive investments [8].

Core Points - Agricultural Bank of China (ABC) has surpassed Industrial and Commercial Bank of China (ICBC) to become the largest A-share market capitalization company for the first time in history, with a market cap of 2.11 trillion yuan as of August 6, 2023 [3][4] - ABC's stock price has shown significant growth, with increases of 33.18%, 54.74%, and 29.54% in 2023, 2024, and 2025 respectively, providing solid returns for investors [5][6] - A total of 93 fund companies hold ABC's A-shares, with 353 public funds collectively valued at 6.097 billion yuan, indicating strong institutional interest [5][18] Fund Holdings - The top five index funds holding ABC shares include Huabao CSI Bank ETF, Tianhong CSI Bank ETF, Guotai CSI 180 Financial ETF, and others, with Huabao CSI Bank ETF holding the highest value at 650 million yuan [7][9] - Among actively managed funds, Huatai-PineBridge Value Selection holds the largest position in ABC, valued at 505 million yuan, emphasizing a focus on dividend-paying stocks [10][11] - Notably, the Jin Xin Smart China 2025 fund has maintained a continuous holding of ABC shares for 30 consecutive quarters, reflecting a strategic shift towards banking stocks since 2017 [17] Performance and Trends - ABC's stock has historically fluctuated around 2.5 yuan per share until its recent surge starting in 2023, marking a significant turnaround [4] - The performance of funds heavily invested in ABC has been commendable, with Jin Xin Smart China 2025 achieving returns of 10.40%, 34.05%, and 17.48% in 2023, 2024, and 2025 respectively [17] - The overall market sentiment towards ABC is positive, with many funds reporting strong performance due to their investments in the bank [10][18]

每经记者｜李蕾 每经编辑｜叶峰 又是一个见证历史的时刻。 《每日经济新闻》记者获悉，截至今日（8月6日）收盘，农业银行A股市值已超越工商银行，排名A股第1位，这也是其历史上首次夺得A股市值冠军宝座。 根据Wind数据，从近年表现来看，农业银行的股价从2023年开始启动，2023年、2024年、2025年至今分别上涨了33.18%、54.74%和29.54%，涨幅可观。而 在这个过程中，有公募基金早就买入并且连续持有，收获了时间的玫瑰。 截至今年二季度末，共有93家基金公司的353只公募基金持有农业银行A股，持有总市值达到60.97亿元。其中不乏基金产品从多年前开始就重仓农业银行至 今，例如金信智能中国2025A连续30个季度重仓农业银行、银华长荣A连续14个季度重仓等等，而这些产品自2023年以来都交出了不错的成绩单。 农业银行2010年7月15日登陆A股市场，曾在2012年、2014年、2017年都收获了超过10%的涨幅，其中2014年大幅上涨61.10%。此后几年，农业银行的股价 都在2.5元/股左右波动，直到2023年再次启动并连续上涨。 Wind数据显示，2023年、2024年、2025年至今（8月6 ...

Core Viewpoint - The recent reports highlighting Agricultural Bank of China's (ABC) A-share market capitalization surpassing that of Industrial and Commercial Bank of China (ICBC) are seen as more entertaining than substantive, as they do not provide a comprehensive analysis of the underlying data [1][3]. Market Capitalization Comparison - Agricultural Bank of China has a total share capital of 350 billion shares, with 319.2 billion shares (91.2%) in circulation, resulting in a market capitalization of 21,134 billion CNY [3][10]. - In contrast, Industrial and Commercial Bank of China has a total share capital of 356.4 billion shares, with 269.6 billion shares (75.6%) in circulation, leading to a market capitalization of 20,922 billion CNY [3][10]. - The comparison of market capitalizations between banks is complicated by the differing proportions of circulating shares in the A-share and H-share markets [3][10]. Broader Context of Bank Comparisons - The article suggests that comparisons should also include other major banks, such as China Construction Bank (CCB), which has a total share capital of 261.6 billion shares and a market capitalization of only 919 billion CNY in the A-share market [3][10]. - The analysis indicates that all major banks are listed in both A and H markets, and their market capitalizations should be evaluated in the context of both markets rather than in isolation [3][10]. Performance Recognition - Despite the limitations of the market capitalization comparisons, the article acknowledges that Agricultural Bank of China has shown significant operational improvements and has been recognized by investors, as evidenced by its stock price performance, which has led the peer group over various time frames [10].

农业银行股价再创历史新高，流通市值首次登顶A股！ 8月6日，农业银行（601288）收盘上涨1.22%，报收6.62元/股的历史高价，流通市值达2.11万亿元，首 次超越工商银行2.09万亿元的流通市值，成为当前A股"流通市值之王"，此外，贵州茅台（600519）流 通市值达1.79万亿元，位列第三。 不过，从市场总值来看，当前工商银行A股、H股合计总值达2.57万亿元，对比农业银行2.26万亿元的总 市值仍保持领先。 券商中国记者注意到，今年以来，保险资金频繁"扫货"银行股，包括农业银行H股在内至少5家银行被 险资举牌；与此同时，公募基金今年二季度末重仓数据显示，2025年以来公募基金对银行股的配置比例 明显增加，其中主动型公募对银行股的合计重仓配置比例已达到2021年6月末以来的新高。以农业银行 A股为例，公募基金二季度末重仓该行股份比一季度末增长7439.96万股，持股总市值达60.97亿元。 农业银行流通市值登顶A股 8月6日，农业银行流通市值首次夺得A股冠军宝座。券商中国记者据统计，今年以来截至8月6日，农业 银行A股累计涨幅达29.8%，仅次于浦发银行（39.57%）、青岛银行（002948）（3 ...

农业银行股价再创历史新高，流通市值首次登顶A股！ 8月6日，农业银行收盘上涨1.22%，报收6.62元/股的历史高价，流通市值达2.11万亿元，首次超越工商银行 2.09万亿元的流通市值，成为当前A股"流通市值之王"，此外，贵州茅台流通市值达1.79万亿元，位列第三。 不过，从市场总值来看，当前工商银行A股、H股合计总值达2.57万亿元，对比农业银行2.26万亿元的总市值仍 保持领先。 券商中国记者注意到，今年以来，保险资金频繁"扫货"银行股，包括农业银行H股在内至少5家银行被险资举 牌；与此同时，公募基金今年二季度末重仓数据显示，2025年以来公募基金对银行股的配置比例明显增加，其 中主动型公募对银行股的合计重仓配置比例已达到2021年6月末以来的新高。以农业银行A股为例，公募基金 二季度末重仓该行股份比一季度末增长7439.96万股，持股总市值达60.97亿元。 农业银行流通市值登顶A股 8月6日，农业银行流通市值首次夺得A股冠军宝座。券商中国记者据Wind统计，今年以来截至8月6日，农业银 行A股累计涨幅达29.8%，仅次于浦发银行（39.57%）、青岛银行（37.37%），居于42家上市银行涨幅榜第三 ...

该行组建44支流动党员先锋队，实施上门办贷，送资金到田间地头。截至7月末，该行赤峰市行政村贷 款覆盖度达到97.2%，较年初提升9.2个百分点。加强与政府部门、供销社、涉农产行业组织合作，以杂 粮经营、肉食品加工等涉农产业为依托，为核心企业上下游、产业链、供应链的农牧民提供贷款支持。 通过"党建+信用村"模式，做好信用村和信用户评定，在利率、额度等方面进行政策支持，更好满足农 牧民融资需求。同时，该行还注重风险防控，严格做好信贷准入审核，加强存量贷款管理，有效保障信 贷资产安全。（王海超） 编辑：刘润榕 年初以来，农业银行赤峰分行认真落实中央农村工作会议精神，持续增加农村金融供给，助力赤峰市农 业产业高质量发展。截至7月末，该行农户贷款余额达到200.2亿元，较年初净增34.3亿元，增量排名赤 峰地区同业第1位。 内蒙古自治区赤峰市粮食产量、设施农业产量、牲畜存栏量等均居内蒙古自治区前列，基于地区农牧业 发展实际，农业银行赤峰分行确定了"挂图作战、产业引领、稳存拓新、整村服务、党建融合、防控风 险"二十四字工作措施，多措并举全力推进农户信贷业务稳健发展。 转自：新华财经 ...

8月6日，农业银行（601288）股价表现抢眼，收盘上涨1.22%，最新收盘价报6.62元/股，创下历史新高。 与此同时，公司A股市值攀升至2.11万亿元，成功超越工商银行，跃居A股市值榜首，这也是农业银行历史上首次摘得A股市值冠军的桂冠。 责任编辑：秦艺 回顾A股历史，据不完全统计，按最新收盘时的A股市值计算，共有24只股票曾登上A股市值冠军的宝座。其中，平安银行登顶次数最多，工商银行和中国宝安紧随其后，分别位列第二和第三。 自2020年以来，A股市值冠军的位置基本在工商银行和贵州茅台之间交替。而在8月6日，农业银行打破了这一格局，成功跻身A股市值冠军。 目前，农业银行的利润增速领跑国有大行。据2025年一季度财报，农业银行营收同比增长0.4%，归母净利润同比增长2.2%，实现盈利双正增长，其中利润增速在国有大行中位居前列。业绩增长 从息差表现来看，一季度日均息差为1.34%，较2024年全年下降0.08个百分点，同比2024年一季度下降0.1个百分点，但同比降幅较2024年全年收窄0.08个百分点，对盈利的拖累有所缓解。 这主要得益于负债端成本率的改善，部分对冲了资产端收益率下行的影响。 具体而言，资产端 ...

截至最新收盘，农业银行A股流通市值已超越工商银行，排在A股第1位，这也是其历史上首次夺得A股 流通市值冠军宝座。流通市值第二名的是工商银行，为2.09万亿元，贵州茅台排第三位1.79万亿元。 深证成指涨0.64%报11177.78点，创业板指涨0.66%报2358.95点，北证50指数涨1.58%，沪深北三市合计 成交17595亿元，较此前一日增加逾1400亿元。 延续前两日涨势，A股今日继续走强，与此同时，农业银行（601288.SH）收涨1.22%，报6.62元/股，总 市值2.11万亿元，再创历史新高。 场内超3300股飘红，人形机器人概念活跃，豪森智能、华密新材等涨停，中大力德再创新高；军工板块 再度爆发，北方长龙、长城军工涨停，双双续创历史新高；船舶板块崛起，中国重工、中国船舶涨停； 医药板块疲弱，奇正藏药连续两日跌停，翰宇药业跌近9%；此外，近期的大牛股上纬新材尾盘跌停。 8月6日，A股再度上扬，三大股指全线走高，沪指站稳3600点。北证50指数涨超1%，截至收盘，沪指 涨0.45%报3633.99点，连续3日上涨，刷新年内收盘点位新高。 来源：第一财经、证券时报、公开信息 （文章来源：华夏时报） ...