Funds flow into banking stocks, the "elephant" dances again.
On November 12th, the banking sector once again saw a "elephant dance" in the market, with the stock prices of the two leading banks, Agricultural Bank and Industrial and Commercial Bank, hitting historic highs. Agricultural Bank's total market value has once again broken through and is currently the largest company in the A-share market in terms of market value. Recently, influenced by the market style shift, funds have been flowing back into the banking sector at an accelerated pace. Institutional investors believe that banking stocks, with their high dividend "bond-like asset" attributes, still have great attractiveness for medium to long-term funds. At the same time, under the shift in market style, the third quarter's low allocation to sectors presents a buying opportunity, with the banking sector being one of the beneficiaries.
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