银行股“涨”声不断，年内18只个股创新高

Core Viewpoint - The banking sector in China is experiencing a significant upward trend, with many bank stocks reaching new highs and a strong overall performance in 2023, indicating the beginning of a long-term growth cycle rather than just a continuation of the current market trend [1][3][4]. Group 1: Market Performance - As of June 18, the China Securities Banking Index rose by 0.89%, with a cumulative increase of 12% for the year [3]. - Among 42 bank stocks in the A-share market, only one has declined this year, while 36 have seen gains, with 11 stocks increasing by over 20% [3][4]. - Qingdao Bank leads the sector with a year-to-date increase of 35.06%, followed by Su Nong Bank at 27.10%, and several others exceeding 24% [2][3]. Group 2: Investment Logic - Analysts suggest that the strong performance of bank stocks is linked to macroeconomic factors, including a complex global economic environment and a decline in investor risk appetite, making low-valuation bank stocks attractive for defensive investments [4]. - The recent changes in public fund management, emphasizing performance benchmarks, are expected to lead to increased allocations to bank stocks, which have been underrepresented in many portfolios [5][6]. Group 3: Dividend Trends - A new wave of bank dividends is anticipated, with institutions like Changshu Bank and Shanghai Rural Commercial Bank planning mid-term dividends, which could further support stock prices [6][7]. - The potential for mid-term cash dividends from banks is seen as a positive factor for attracting long-term investment, enhancing the appeal of bank stocks in a low-interest-rate environment [7].