Xinhua News Agency, June 16, CITIC Construction Investment News said that the interest rate cut is good for the valuation of banks. At present, the main contradiction of bank valuation is not the spread, but the expectation of asset quality. Asset quality expectations are based on economic expectations, and all policies that are conducive to economic expectations are good for bank valuations. Although the current interest rate cut is bad for bank interest spreads in the short term, it is good for the economy and asset quality expectations, which is the main contradiction, so it is good for bank valuation.