Ge Long Hui·2025-11-12 06:53Core Insights - The banking sector showed resilience with Agricultural Bank and Industrial and Commercial Bank reaching historical highs in stock prices, with Agricultural Bank's A-shares up 3.13% to 8.65 yuan and H-shares up nearly 3% to 6.4 HKD, marking year-to-date increases of over 68% and 51% respectively [1][2] - The total market capitalization of Agricultural Bank surpassed 3 trillion yuan [1] Financial Performance - The six major state-owned banks reported a combined operating revenue of 27,205.35 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 1.87%, and a net profit of 10,723.43 billion yuan, also up 1.22% year-on-year [5][6] - Agricultural Bank led the net profit growth among the six banks with a year-on-year increase of 3.03%, while other banks showed varying growth rates [5][6] Investment Trends - Insurance capital has increased its holdings in several major banks, with Postal Savings Bank seeing the largest increase in shares, while Industrial and Commercial Bank and Agricultural Bank also saw insurance capital enter their top ten shareholders [8][9] - Analysts suggest that with policy support for long-term capital entering the market, insurance capital is expected to increase its allocation to bank stocks, enhancing their investment value [9]