CITIC Securities: Optimistic on bank policies, positive on the capital front.

CITIC Securities' research report points out that from a fundamental perspective, it is expected that bank interest margins will perform well in the second quarter, driven by capital markets and wealth management businesses, leading to stable and favorable growth in bank revenues, with a slight increase in profit growth. From an investment perspective, last week the banking sector continued its positive trend from July; however, due to market style influences, the index experienced significant fluctuations during the week. We expect that in the next two weeks, the volatility of A-shares will remain relatively high, and the relative returns of the banking sector may weaken; nevertheless, stable operational patterns and macro narratives will continue to play out, with absolute return potential remaining throughout the year.