BANK OF CHINA(SH:601988) Xin Lang Ji Jin·2025-11-19 02:29Core Viewpoint - The banking sector in A-shares is experiencing a strong rebound, with significant gains in major bank stocks and ETFs, driven by upcoming dividend distributions and favorable market conditions [1][2]. Group 1: Market Performance - As of November 19, the A-share banking ETF (512800) rose by 1.2%, recovering above the 5-day, 10-day, and 6-month moving averages [1]. - Major banks such as Bank of China, Bank of Communications, and China Everbright Bank saw increases of over 2% and 1% respectively, with Bank of China reaching a historical high [1]. Group 2: Dividend Distribution - A total of 26 listed banks have announced mid-term dividend plans for 2025, with a combined proposed distribution amounting to approximately 264.6 billion yuan, leaving over 200 billion yuan in dividends yet to be distributed [2]. - The four major state-owned banks have set their dividend record dates for December 10 and 12, which is about a month earlier than previous years [2]. Group 3: Investment Sentiment - Analysts believe that the high dividend policies will boost market confidence and enhance the defensive value of bank stocks in a low-interest-rate environment, encouraging long-term investment in the banking sector [2]. - The recent rally in the banking sector is attributed to a shift in market investment style, with expectations of continued buying ahead of the mid-term dividend distributions [2]. Group 4: ETF Overview - The banking ETF (512800) has a fund size of approximately 20 billion yuan and an average daily trading volume exceeding 800 million yuan, making it the largest and most liquid among A-share banking ETFs [3].