Core Viewpoint - Agricultural Bank of China (ABC) has achieved a historic milestone by becoming the A-share market's largest circulating market value, surpassing Industrial and Commercial Bank of China (ICBC) for the first time in its history [1][2] Group 1: Stock Performance - ABC's stock price increased by 1.22% on August 6, 2023, closing at 6.62 CNY per share, with a circulating market value of 2.11 trillion CNY [1] - On August 7, 2023, the stock price rose by 1.36%, reaching 6.71 CNY per share, and the total market value reached 2.35 trillion CNY [1] - The stock has shown significant growth since 2023, with price increases of 33.18%, 54.74%, and 29.54% for the years 2023, 2024, and 2025 respectively [2][3] Group 2: Fund Holdings - As of the end of Q2 2025, 93 fund companies hold a total of 353 public funds in ABC, with a total market value of 6.097 billion CNY [2][3] - The top five funds holding over 100 million CNY in ABC include both index and actively managed funds, with the highest being Huabao CSI Bank ETF at 650 million CNY [3] - The fund "Jinxin Intelligent China 2025" has held ABC for 30 consecutive quarters, focusing on bank stocks, and has delivered strong returns [5][6] Group 3: Fund Performance - "Jinxin Intelligent China 2025" reported returns of 10.40%, 34.05%, and 17.48% for the years 2023, 2024, and 2025 respectively, ranking in the top 3%, 1%, and 25% of its category [5] - "Yinhua Changrong A" has also held ABC for over 10 quarters, with returns of 2.36% and 18.56% in 2023 and 2024, ranking in the top 6% and 8% of its category [5][6] Group 4: Fund Company Holdings - Among the 93 fund companies, 12 have holdings in ABC exceeding 100 million CNY, with Huatai-PineBridge being the largest holder at 974 million CNY [6] - Other significant holders include Huabao Fund and Fortune Fund, with holdings of 686 million CNY and 425 million CNY respectively [6]

Core Points - Agricultural Bank of China (ABC) has surpassed Industrial and Commercial Bank of China (ICBC) to become the largest A-share market capitalization company for the first time in history, with a market cap of 2.11 trillion yuan as of August 6, 2023 [3][4] - ABC's stock price has shown significant growth, with increases of 33.18%, 54.74%, and 29.54% in 2023, 2024, and 2025 respectively, providing solid returns for investors [5][6] - A total of 93 fund companies hold ABC's A-shares, with 353 public funds collectively valued at 6.097 billion yuan, indicating strong institutional interest [5][18] Fund Holdings - The top five index funds holding ABC shares include Huabao CSI Bank ETF, Tianhong CSI Bank ETF, Guotai CSI 180 Financial ETF, and others, with Huabao CSI Bank ETF holding the highest value at 650 million yuan [7][9] - Among actively managed funds, Huatai-PineBridge Value Selection holds the largest position in ABC, valued at 505 million yuan, emphasizing a focus on dividend-paying stocks [10][11] - Notably, the Jin Xin Smart China 2025 fund has maintained a continuous holding of ABC shares for 30 consecutive quarters, reflecting a strategic shift towards banking stocks since 2017 [17] Performance and Trends - ABC's stock has historically fluctuated around 2.5 yuan per share until its recent surge starting in 2023, marking a significant turnaround [4] - The performance of funds heavily invested in ABC has been commendable, with Jin Xin Smart China 2025 achieving returns of 10.40%, 34.05%, and 17.48% in 2023, 2024, and 2025 respectively [17] - The overall market sentiment towards ABC is positive, with many funds reporting strong performance due to their investments in the bank [10][18]