银行事件点评：高级法开放申请，银行资本限制有望边际放松

Investment Rating - The industry is rated as "Recommended" for the first coverage [1][5]. Core Insights - The implementation of advanced capital measurement methods is expected to benefit national joint-stock banks that have not yet adopted these methods but have applied them in internal control processes. The earliest applications may occur in 2024 [3][4]. - The notification from the National Financial Supervision Administration outlines that banks eligible to apply for advanced methods must meet specific criteria, including being classified as first-tier banks with assets exceeding 500 billion RMB or having significant overseas debt [3][4]. - The report suggests that banks applying for advanced methods will likely see a reduction in risk weights, leading to lower capital costs for loans and potentially lower loan interest rates. This could enhance banks' leverage capabilities and improve capital return levels [5]. Summary by Sections Recent Trends - The banking sector has shown a performance of -1.6% over the past month, 9.0% over three months, and 22.4% over the past year, compared to the CSI 300 index which has seen -3.2%, 13.8%, and 8.9% respectively [3]. Key Companies and Earnings Forecast - Postal Savings Bank: Current price 5.26, EPS 2024E 0.88, PE 2024E 5.98 [7] - CITIC Bank: Current price 6.66, EPS 2024E 1.25, PE 2024E 5.35 [7] - Industrial Bank: Current price 18.29, EPS 2024E 3.71, PE 2024E 4.94 [7] - Jiangsu Bank: Current price 8.94, EPS 2024E 1.71, PE 2024E 5.23 [7] - Hangzhou Bank: Current price 13.94, EPS 2024E 2.82, PE 2024E 4.95 [7]