I've been saying it for a while now—don't mess with investments during a bear market, holding bank stocks feels pretty chill. 1. Leadership hinted that there's no money coming in soon, so they'll need to raise funds from the market. For private placements to have room for discounts, PB needs to rise to 0.85-1, with an expected 30% return. 2. Local government finances are getting tighter and tighter. Local bonds can only land smoothly, banks are under pressure but can't afford systemic accidents. Following this logic, prices can only go up. 3. If prices drop, there's still high dividend yields to provide a safety net. If the price falls to 5 yuan, the dividend yield hits 4.5%. Insurance funds will trigger buy-in standards. $中国银行 (Bank of China) isn't a get-rich-quick stock, but it's way better than crypto junk investments. Waiting for it to pull back to 5 yuan, I'll keep adding to my position. Holding 15% of my portfolio as a cornerstone for wealth management.