Xinhua News Agency, June 19, China CITIC Securities Research report said that the monetary authorities reduced the OMO/MLF interest rate, followed by a substantial increase in the certainty of the LPR reduction, and banks are expected to operate with low interest spreads. The policy statement of the National standing Committee is positive, and stronger demand stimulus policies are expected. We believe that the absolute income value space of the industry is clear, and companies with the ability of demand mining and risk pricing begin to show value.