Under the "below par" wave of bank stocks, long-term funds are quietly deploying.

Since 2026, the A-share banking sector has been under continuous pressure. As of the close of trading on July 9, 42 listed banks collectively fell below net asset value. As bank stock prices adjust, attitudes towards the sector from various sources of funds have diverged. Many funds have increased their allocation to the sector this year, while others have chosen to reduce it based on their own considerations. Industry insiders believe that there is still room for further increase in the allocation and investment intensity of insurance funds in the banking sector in the future.