Jinshi data news on July 3rd, Galaxy Securities research report pointed out that the financial industry’s “squeezing water” continued, the pace of bank credit lending tended to be balanced, short-term performance pressure, structural monetary policy tools increased, combined with the gradual release of the cost optimization effect of the liability side, and the continued prohibition of manual interest subsidies continued to drive down deposit costs, which is expected to bring improvement opportunities for the bank’s fundamentals. In the asset shortage environment, it is optimistic about the value of bank sector allocation, and recommends focusing on three main lines: 1) state-owned banks with stable dividend ratios and positive fundamental factors accumulation; 2) high-quality small and medium-sized banks with stable performance, leading dividend yields, and significantly increased dividend ratios; 3) high-quality regional urban and rural commercial banks with fast-growing business, outstanding growth, and low valuations.