On October 28, the closing price of the Agricultural Bank reached 7.43 yuan. The closing price hit a new high during the year and hit an intraday high of 7.45 yuan. Recently, the A-share banking sector has shown strong performance, and valuations have been further repaired. Premium rates for A and H shares of major state-owned banks have increased compared to the first half of the year. As a representative of high dividends, stable cash flow returns from major state-owned banks are attractive for insurance capital, financial management, and long-term allocation of capital. On October 27, Fitch Ratings confirmed that the long-term foreign currency issuer default ratings of the six major state-owned commercial banks, ICBC, Bank of China, Postbank, and Bank of Commerce, were “A”. At the same time, the viability ratings of the six banks were raised, reflecting the international market's confidence in the credit qualifications of major state-owned banks.

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