2 1 Shi Ji Jing Ji Bao Dao·2025-11-20 05:26Group 1 - The banking sector is showing resilience with major banks like Bank of China and Industrial and Commercial Bank of China reaching historical highs, indicating strong market performance despite overall market fluctuations [1] - The Tianhong Bank ETF (515290) has seen a significant increase, with a half-day trading volume exceeding 55 million yuan and a total scale of 6.212 billion yuan as of November 19 [1] - A strategic partnership between Zhejiang Commercial Bank and Alibaba Group aims to enhance financial services through technology and innovation, indicating a trend towards digital transformation in the banking sector [1] Group 2 - Shenwan Hongyuan expresses a positive outlook on the banking sector, suggesting it is at the beginning of a long-term recovery phase, with stable profitability expected [2] - The macroeconomic environment in the coming year, characterized by a potential rise in PPI and long-term interest rates, is anticipated to create favorable operating conditions for banks [2] - Even in a challenging economic climate, banks are seen as solid dividend assets with clear risk thresholds, making them attractive for long-term investment strategies [2]