Core Viewpoint - The article highlights that Agricultural Bank of China (ABC) has surpassed Industrial and Commercial Bank of China (ICBC) in total market capitalization for the first time, reaching a market value of 2.55 trillion yuan compared to ICBC's 2.49 trillion yuan, although ICBC remains the leader in key financial metrics [3]. Market Capitalization - As of September 4, 2025, the total market capitalization of the banking sector in A-shares reached 11.31 trillion yuan, surpassing the electronics sector to reclaim the top position in A-shares [1]. - ABC's A-shares market capitalization is approximately 2.62 trillion yuan, while ICBC's A-shares market capitalization stands at 2.69 trillion yuan, indicating a competitive landscape in market valuation [3][4]. Financial Performance - In terms of total assets, ICBC leads with 52.32 trillion yuan, while ABC follows with 46.86 trillion yuan [3]. - For the first half of 2025, ICBC reported revenue of 4090.82 billion yuan and net profit of 1681.03 billion yuan, both ranking first in the industry, while ABC reported revenue of 3697.93 billion yuan and net profit of 1395.10 billion yuan, ranking third [3]. Growth Resilience - ABC is noted as the only major bank to achieve simultaneous growth in both revenue (+0.7%) and net profit (+2.66%) in the first half of 2025, while ICBC experienced a slight decline in net profit (-1.4%) despite a revenue increase of 1.8% [4]. - ABC's county-level loans have exceeded 10 trillion yuan, reaching 10.77 trillion yuan, which accounts for 40.9% of domestic loans, showcasing its strategic focus on county markets [4]. Valuation Levels - As of September 4, 2025, the price-to-book ratio for ICBC is approximately 0.72, while for ABC it is around 0.98, indicating differing market perceptions of their valuations [4].