Zhi Tong Cai Jing·2025-12-15 06:29Group 1 - The core viewpoint of the article indicates that certain Chinese bank stocks experienced a decline in the afternoon trading session, with notable drops in shares of major banks such as Bank of Communications, Agricultural Bank of China, China Construction Bank, and Industrial and Commercial Bank of China [1] - Longjiang Securities released a report stating that the initial rise of bank stocks in the fourth quarter followed by recent adjustments reflects fluctuations in year-end trading fund allocations. This is expected to mirror changes in market risk appetite as the quarter and year-end approaches [1] - The report anticipates that after the cross-year period, the allocation power will push up bank stock valuations and the scale of bank index funds [1] Group 2 - Longjiang Securities noted that the recent completion of interim dividend ex-dividend dates by the four major state-owned banks typically leads to short-term stock price adjustments. Historically, similar fluctuations have occurred after ex-dividend dates [1] - The interim dividend ex-dividend date for the four major state-owned banks has been moved up to December this year, with expectations that other large banks will also implement interim dividend ex-dividend dates towards the end of the year and early next year [1] - From a long-term perspective, if stock price adjustments occur due to trading factors like ex-dividend dates, it is usually a favorable time for long-term investors to allocate funds [1]