Mainland bank stocks showed signs of recovery in early trading. As of the latest update, MINSHENG BANK (01988) rose 3.56% to HKD 4.36, PSBC (01658) gained 2.88% to HKD 5.71, BANK OF CHINA (03988) climbed 2.36% to HKD 4.77, and CCB (00939) advanced 1.85% to HKD 8.28.

According to Wind data, as of November 19, 13 out of 42 listed banks have either completed or initiated mid-term dividend distributions, while another 13 have announced their payout plans. The total dividends amount to RMB 263.79 billion. Additionally, six listed banks have had their mid-term dividend proposals approved at annual shareholder meetings, pending board announcements for specific details.

Industrial Securities noted that mid-term dividend plans for listed banks are being implemented progressively. This year, the payout timeline has been notably accelerated. The "Big Four" state-owned banks disclosed their mid-term dividend schedules, with A-share payouts advanced to mid-December 2025 and H-share distributions set for late January 2026.

As mid-term dividends roll out, income-focused investors may increase allocations to bank stocks, potentially driving sector valuation recovery.