On August 18, ABC rose 3.05% in regular trading, trading at 6.08 HKD/share, with turnover of HKD 287 million. ICBC, CCB, and other major state-owned banks simultaneously strengthened, with all four major banks reaching fresh all-time highs.

On the news front, CITIC Securities issued a research note indicating that Q2 listed bank net interest margins performed positively, asset quality remained stable, and earnings growth stabilized with a mild recovery. The brokerage expects full-year absolute return potential to persist. Separately, Bank of America Securities previously upgraded ABC to a Buy rating, forecasting improved average profit growth for H-share listed banks in the first half.

Institutions broadly noted that bank valuation logic is shifting from income statements to balance sheets, suggesting the valuation repair rally is far from over. Additional support comes from high-dividend defensive attributes and sustained inflows from broad-based ETFs, which enhance the sector's allocation value. Within the Diversified Banks sector, CCB rose 1.01%, ICBC rose 0.97%, CM Bank rose 0.42%, Bank of China rose 0.38%, while HSBC Holdings fell 0.73%.

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