Jin Rong Jie·2025-08-21 07:39Group 1 - The banking sector demonstrated strong resilience amidst market fluctuations, with Agricultural Bank and Postal Savings Bank both reaching historical highs, continuing their recent upward trend [1] - Agricultural Bank's stock price broke previous highs with significant trading volume, achieving 10 trading days of historical highs in the past month, indicating sustained market interest [1] - Insurance funds remain enthusiastic about allocating to bank stocks, with Ping An Life increasing its holdings in Agricultural Bank's H-shares to over 14%, having acquired approximately 2.84 billion shares at a cost of around 14 billion HKD [1] Group 2 - The banking industry's fundamentals are showing positive changes, with stable credit growth in Q2, a narrowing decline in net interest margins, a decrease in non-performing loan ratios, and a steady increase in provision coverage ratios [1] - Agricultural Bank has surpassed China Construction Bank in total asset size, now ranking second among domestic banks, with its A-shares increasing by over 35% this year, placing it among the top performers [2] - The high dividend characteristics of bank stocks continue to attract long-term capital, with state-owned banks averaging over 5% in dividend yield, significantly higher than the 2%-2.5% guaranteed rate [2]