Zheng Quan Ri Bao·2025-08-18 22:23Core Viewpoint - The A-share market has reached a significant milestone, with the total market capitalization surpassing 100 trillion yuan, driven largely by the performance of bank stocks, which have seen substantial gains this year [1][2]. Group 1: Market Performance - As of August 18, the Shanghai Composite Index closed at 3728.03 points, up 0.85%, while the Shenzhen Component Index rose by 1.73%, and the ChiNext Index increased by 2.84% [1]. - The total trading volume in the A-share market on that day was 2.81 trillion yuan [1]. Group 2: Bank Stocks - Six stocks in the A-share market have a circulating market value exceeding 1 trillion yuan, with three being bank stocks: Agricultural Bank of China (2.21 trillion yuan), Industrial and Commercial Bank of China (2.03 trillion yuan), and Kweichow Moutai (1.79 trillion yuan) [2]. - The stock prices of Industrial and Commercial Bank of China and Agricultural Bank of China have increased by 13.38% and 35.61% respectively since the beginning of the year [2]. - The weight of bank stocks in the A-share market has risen to 18.51%, indicating a growing influence on the overall market capitalization [2]. Group 3: Financial Performance of Banks - Seven listed banks have reported double-digit year-on-year growth in both revenue and net profit for the first half of 2025 [3]. - Analysts expect that the profitability of listed banks will stabilize and improve due to the effects of loan repricing and stable bond markets [3]. - The improvement in asset quality for corporate business is helping to mitigate risks in the retail sector, leading to a reduction in asset impairment losses and a positive contribution to profitability [3].