Market Overview - On July 11, A-shares opened higher with all three major indices rising, with the Shanghai Composite Index and ChiNext Index both increasing by over 1% and the Shenzhen Component Index up by 0.85% [1] - The total trading volume reached 1.02 trillion yuan, an increase of 937 billion yuan compared to the previous trading day [1] Financial Sector Performance - Financial stocks, including brokerage, futures, and internet finance, saw significant gains, with notable performers such as Zhina Compass rising over 12% to reach a historical high, and several other stocks hitting the daily limit [2] - The banking sector also experienced a surge, with major banks like ICBC, Bank of China, China Construction Bank, and Agricultural Bank of China reaching historical highs on the same day [4][8] Brokerages and Earnings Reports - The first half of the year saw strong performance from brokerages, with Guosheng Securities reporting a net profit of 243 million yuan, a year-on-year increase of 109.48% [12] - The positive market sentiment is attributed to proactive policies such as interest rate cuts, which are expected to boost market confidence and support valuation recovery [12] Global Banking Trends - The strength of bank stocks is not limited to A-shares; global bank stocks also saw collective gains, with major U.S. banks like JPMorgan Chase and Goldman Sachs rising over 1% [8] - Analysts suggest that banks are being revalued as stable, dividend-paying assets amid global economic uncertainties and low growth [10]