天天基金网·2025-08-08 12:28Core Viewpoint - The rise of bank stocks is changing the ecology of the A-share market, with Agricultural Bank surpassing Industrial and Commercial Bank to become the largest market capitalization in A-shares [5] Group 1: Market Capitalization Changes - On August 6, Agricultural Bank surpassed Industrial and Commercial Bank to become the largest A-share by market capitalization, reporting 2.14 trillion yuan, a 1.36% increase on August 7, and a year-to-date increase of over 31% [5] - The banking sector's total market capitalization in A-shares has surpassed 10 trillion yuan for the first time in the first half of the year, marking a significant event for the industry [5] - Historical context shows that from early 2017 to early 2020, Industrial and Commercial Bank held the top position, later overtaken by Kweichow Moutai, which reached a record market cap of 3.27 trillion yuan in early 2021 [5] Group 2: Current Market Landscape - The competition for the title of "A-share market capitalization king" has evolved into a "three-way battle" among Agricultural Bank, Industrial and Commercial Bank, and Kweichow Moutai [5] - Despite Agricultural Bank's A-share market cap leading, Industrial and Commercial Bank remains the largest in total market capitalization at 2.79 trillion yuan, followed by China Construction Bank at 2.52 trillion yuan, and Agricultural Bank at 2.35 trillion yuan [5] Group 3: Stock Distribution Insights - Analysts note that the differences in the distribution of total share capital between A-shares and H-shares among banks affect the comparability of market capitalization rankings [6] - As of August 7, the proportion of total share capital in A-shares for major state-owned banks is as follows: Agricultural Bank (91.2%), Postal Savings Bank (83.5%), Industrial and Commercial Bank (75.6%), Bank of China (74.1%), Bank of Communications (60.4%), and China Construction Bank (8.1%) [6]