一年期存款利率跌破1%！有哪些低估红利资产可以关注？

Group 1 - The People's Bank of China announced a reduction in the 1-year LPR to 3% and the 5-year LPR to 3.5%, marking the first rate cut since 2025 [1][2] - Major banks have lowered their 1-year deposit rates to 0.95%, falling below 1%, which alleviates the net interest margin pressure on banks [2][4] - The reduction in deposit rates allows banks to save approximately 1 million yuan in interest for every 100 million yuan in deposits, benefiting large state-owned banks significantly [4] Group 2 - The banking sector, represented by undervalued dividend assets, has a high proportion of 36% in the CSI 300 Value Index, providing a dual defensive attribute in uncertain market conditions [5] - The "yield replacement" effect suggests that as traditional savings rates drop below 1%, funds may shift towards undervalued, high-dividend stocks, with the CSI 300 Value Index offering a dividend yield exceeding 5% [6] - The "undervalued defense" effect indicates that the CSI 300 Value Index has a price-to-book ratio of only 0.91, suggesting significant valuation recovery potential [7] Group 3 - Regulatory guidelines require long-term undervalued stocks to enhance their market value management, which has led to a 50% increase in the number of banks implementing mid-term dividends, totaling over 250 billion yuan [9] - This cycle of increased dividends attracting long-term capital inflow supports the valuation recovery of undervalued dividend assets [9][10]