


Core Viewpoint - The report from CITIC Securities indicates that the fluctuations in funds and style have come to an end, with the banking sector entering an upward trend again [1] Group 1: Market Performance - Overall, bank stocks have stabilized and are on the rise, particularly those companies with convertible bond catalysts and performance catalysts [1] - Since August, the banking sector has entered the interim reporting season, with expectations that bank interest margins will exceed expectations, asset quality data will remain stable, and profit growth will recover [1] Group 2: Investment Outlook - The banking sector is still undergoing a process of re-evaluating net assets, with significant space for fund allocation within the sector [1] - Absolute return trends are expected to continue in the banking sector [1]