Group 1 - The banking sector has shown strong performance, with historical levels of strength observed in bank stocks, particularly in the China AH Preferred ETF (517900) [1][3] - The recent trend indicates a significant net inflow into the banking AH Preferred ETF, with a total of 4.45 billion yuan over the last 20 trading days, demonstrating strong investor confidence [3] - Discussions about a potential peak in bank stocks have been ongoing since last year, with the China Securities Bank Index showing substantial gains of 42.9% in 2024 and 20.42% in 2025, indicating a widespread bullish trend across various banking categories [5] Group 2 - New regulations for long-term insurance investments are expected to enhance the attractiveness of bank stocks, which offer dividend yields significantly higher than ten-year government bonds and bank deposits [7] - As of July 11, 2024, A-share listed banks have announced a total dividend exceeding 630 billion yuan, with notable contributions from major banks like ICBC and CCB, further supporting the sector [7] - The current market conditions suggest that the banking sector may be entering a long-term growth phase, driven by factors such as global asset scarcity, dividend reforms, and valuation reassessments [10]