After many rounds of record highs in September, bank stocks built up to record highs one after another after returning from a long holiday in October. On the morning of October 12, ICBC, CCB, Bank of China, and China CITIC Bank all hit record highs. Chongqing Agricultural Commercial Bank, Bank of Chongqing, and Bank of Ningbo rose more than 3%, while China CITIC Bank, Bank of China, Minsheng Bank, and China Merchants Bank rose more than 2%. This round of bank stock market was not a one-day success. According to Wind data, since 2023, the Wande Bank Index has risen by more than 65%, ranking in the top ten of 67 Chinese industry indices, second only to oil and gas, semiconductors, and energy equipment. Among them, Agricultural Bank's A-share range stock price rose 191.51%, Bank of China rose 160%, and China Construction Bank rose 139.03%, ranking high among listed banks. Investment returns go beyond capital gains; bank stocks are also a definite high point among dividend assets, especially now that net interest spreads of listed banks continue to stabilize. For many shareholders, bank stocks are synonymous with “dull”: little fluctuation, few stories, and limited room for imagination. However, in the past four years of bank stocks, although there was not much excitement about rising and falling markets, long-term holders were able to taste the sweetness of time.
Zhitongcaijing · 3d ago
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After many rounds of record highs in September, bank stocks built up to record highs one after another after returning from a long holiday in October. On the morning of October 12, ICBC, CCB, Bank of China, and China CITIC Bank all hit record highs. Chongqing Agricultural Commercial Bank, Bank of Chongqing, and Bank of Ningbo rose more than 3%, while China CITIC Bank, Bank of China, Minsheng Bank, and China Merchants Bank rose more than 2%. This round of bank stock market was not a one-day success. According to Wind data, since 2023, the Wande Bank Index has risen by more than 65%, ranking in the top ten of 67 Chinese industry indices, second only to oil and gas, semiconductors, and energy equipment. Among them, Agricultural Bank's A-share range stock price rose 191.51%, Bank of China rose 160%, and China Construction Bank rose 139.03%, ranking high among listed banks. Investment returns go beyond capital gains; bank stocks are also a definite high point among dividend assets, especially now that net interest spreads of listed banks continue to stabilize. For many shareholders, bank stocks are synonymous with “dull”: little fluctuation, few stories, and limited room for imagination. However, in the past four years of bank stocks, although there was not much excitement about rising and falling markets, long-term holders were able to taste the sweetness of time.
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