Huatai Securities: Focus on high-quality financial stock investment opportunities.

Huatai Securities research report indicates that in the banking sector, the positions of high-quality city commercial banks and undervalued joint-stock banks are increasing; in the securities sector, fund positions are increasing, performance-driven valuation repair; in the insurance sector, positions are increasing compared to the previous period, with individual stock holdings differentiating. Securities firms are expected to report high growth in half-year performance, and with the current market trading continuing to be highly prosperous and leverage funds remaining active, attention is focused on the market and the performance-driven recovery of securities. The cost of bank liabilities continues to improve, and other non-interest disruptions are easing. Huatai Securities expects that the performance of the banking sector in the second quarter is expected to stabilize and rebound, with high-quality regional banks continuing to lead. The A/H bank sector has a dividend yield of 3.95%/5.22% in the past 12 months, and the 10-year government bond yield is 1.67%. The advantage of bank stock dividend yields is significant, highlighting its allocation value and capturing structural opportunities.