Ge Long Hui A P P·2025-11-23 05:21Core Insights - The implementation of the regulatory guideline "Guidance No. 10 on Market Value Management" marks a significant turning point for the A-share banking sector, emphasizing the need for value management among long-term undervalued companies [1] - The overall price-to-book ratio (P/B) of the banking industry has increased from 0.61 to 0.67 over the past year, reflecting a market capitalization growth of over 3.7 trillion yuan [1] - Agricultural Bank of China has emerged as a benchmark case for market value management, achieving a stock price increase of 78.08% and a P/B ratio of 1.09 [1] Market Capitalization Changes - The total market capitalization of A-share listed banks has risen by 3.725 trillion yuan compared to one year ago [1] - Agricultural Bank of China contributed over 1.193 trillion yuan to this increase, accounting for more than 30% of the new market value in the banking sector [1]