[Citic Securities: the banking sector has room for absolute income value] the CITIC Securities Research report pointed out that judging from the financial data in May, the high base in the same period last year superimposed the decline in demand-side performance. as a result, both financing data and monetary data are marginally weaker. Looking forward to the next stage, after the reduction of policy interest rates, it is expected that there will still be room for macro policies to boost the operational capacity of entities and consolidate the expectations of bank asset quality. all indicators of banking fundamentals are expected to remain stable in the second half of 2023. The sector has room for absolute income value.