Core Viewpoint - Postal Savings Bank of China (601658.SH) plans to invest 10 billion yuan to establish a wholly-owned subsidiary, AIC, which is expected to enhance its asset disposal and direct investment system, improving its quality and business structure [1][3][4] Group 1: Postal Savings Bank's AIC Establishment - The establishment of AIC is supported by policies and market development experience, aiming to optimize the financial ecosystem for diversified asset disposal and direct investment [3] - Postal Savings Bank is the fourth bank this year to announce the establishment of AIC, completing the AIC licenses for the six major banks, thus enhancing the diversified asset disposal and direct investment system in China [4] - AIC will serve as a platform for debt-to-equity swaps, helping Postal Savings Bank improve asset quality and resilience while optimizing its business structure [4] Group 2: Hangzhou Bank's Performance - Hangzhou Bank (600926.SH) reported a 3.89% year-on-year increase in operating income to 20.093 billion yuan and a 16.67% increase in net profit to 11.662 billion yuan for the first half of 2025 [2][5] - The bank's non-performing loan ratio and provision coverage ratio remained stable at 0.76% and 541.45%, respectively, indicating strong quality and risk resilience [5] - The overall performance of listed banks is expected to stabilize and improve in the second half of the year, driven by seasonal loan repricing and stable bond market conditions [5] Group 3: Market Trends and Investment Outlook - Recent market sentiment has strengthened, with increased trading activity and a shift towards undervalued stocks, although short-term volatility does not alter the overall upward trend of the banking sector [6][7] - The banking sector has seen a continuous upward trend since the beginning of the year, supported by dividend distributions from major banks [6][7] - The net asset revaluation logic in the banking sector has not yet fully played out, but the combination of dividend advantages and profit stabilization is expected to maintain the upward trajectory [7]

Market Overview - On July 9, A-shares showed mixed performance with the Shanghai Composite Index down 0.13%, Shenzhen Component Index down 0.06%, and the ChiNext Index up 0.16%, indicating narrow fluctuations in the market [1] - The overall market saw only about 1,800 stocks rising [1] Sector Performance - In the sector performance, Media (1.35%), Agriculture, Forestry, Animal Husbandry and Fishery (0.65%), and Commercial Trade (0.48%) were the top gainers, while Non-ferrous Metals (-2.26%), Chemicals (-0.85%), and Electronics (-0.82%) faced the largest declines [8] Hong Kong Market - On the same day, major indices in the Hong Kong market collectively declined, with the Hang Seng China Enterprises Index down 0.52%, reflecting a cautious market sentiment and a strong wait-and-see atmosphere among investors [6] Hot Topics Hong Kong Pharmaceuticals - A leading innovative pharmaceutical company recently received approval for multiple clinical trials, showcasing China's growing competitiveness in innovative drug development [8] - A series of policies aimed at expediting review and approval processes, optimizing medical insurance access, and facilitating overseas entry are paving the way for Chinese innovative drugs to enter global markets [8] - According to Aijian Securities, the trend of Chinese innovative drugs going global is expected to gain recognition in the capital market, with significant potential for profitability and market expansion over the next 3-5 years [8] Banking Sector - The banking sector showed strength, with some state-owned banks reaching new highs during the day [9] - CITIC Securities noted that the banking sector is expected to continue its upward trend in the third quarter, supported by stable financial indicators and long-term capital inflows [9] - The profitability outlook for listed banks is stabilizing, with expectations of year-on-year growth in the first half of the year due to the effects of loan repricing and a stable bond market [9]