中国金融-2025 年第四季度及 2026 年第一季度是回归银行股的时机-China Financials-Time to get back to banks in 4Q25 and 1Q26

October 20, 2025 02:12 PM GMT China Financials | Asia Pacific Time to get back to banks in 4Q25 and 1Q26 After some seasonal correction in 3Q25, we see good opportunities in banks in 4Q25, supported by upcoming dividend payments, stable rates, rebound in M1 and industrial corporate profits, and support for credit demand from the pickup of new structural financial policy tools. Several key factors support bank stock performance in 4Q25: As we highlighted in China Financials: What will drive the next leg up i ...