券商中国·2025-08-06 13:13Core Viewpoint - Agricultural Bank of China (ABC) has reached a historic high in stock price and market capitalization, becoming the largest in A-shares by circulation market value, surpassing Industrial and Commercial Bank of China (ICBC) for the first time [1][3]. Market Performance - As of August 6, ABC's stock price closed at 6.62 CNY per share, with a circulation market value of 2.11 trillion CNY, while ICBC's market value was 2.09 trillion CNY [1][3]. - Year-to-date, ABC's A-share price has increased by 29.8%, ranking third among 42 listed banks, and first among the six major state-owned banks [3][6]. Institutional Investment - Insurance funds have been actively purchasing bank stocks, including ABC's H-shares, with at least five banks being targeted for increased holdings [2][4]. - Public funds have significantly increased their allocation to bank stocks, with ABC's A-shares seeing a rise of 7.44 million shares in holdings by the end of Q2, totaling a market value of 6.097 billion CNY [2][4]. Dividend Distribution - The total cash dividends distributed by 42 A-share listed banks for the 2024 fiscal year reached 632.594 billion CNY, an increase of nearly 20 billion CNY from the previous year [4]. Future Outlook - Analysts predict that the banking sector may experience substantial performance improvements in the second half of 2025, driven by favorable fiscal and monetary policies, improved credit structures, and controlled interest margins [9].