China Galaxy: The release of the 15th Five-Year Plan will promote the transformation of the banking industry, focusing on the progress of reform and opportunities for fundamental improvement.

China Galaxy Securities research report stated that in the third quarter, there was a shift in market style with overall funds flowing out of the banking sector. Recently, the uncertainty of tariffs has led to defensive allocation demand, and dividend value is once again favored. The release of the 15th Five-Year Plan will drive the transformation of the banking industry, and attention should be paid to the progress of reform and opportunities for fundamental improvement.