If you want to talk about the largest stock in China's stock market, it has to be bank stocks.

Among the more than 2,000 stocks in Shanghai and Shenzhen, although there are only about a dozen bank stocks in total, the total market value of these more than a dozen bank stocks exceeds 10% of the total market value of the Shanghai and Shenzhen stock markets.

More importantly, in the current Chinese stock market, the stock prices of most stocks have reached a very high level, with a P/E ratio of 3 or 50 times that is considered low, and a P/E ratio of more than 100 times is also common.

As for those stocks with a thousand-fold "market dream rate", people are boasting about expectations and the future......

The so-called shorty man picks the eldest son, and in such a comparison, a group of bank stocks with a price-earnings ratio of only 20 times are relatively cheap.

In addition, with the rapid development of China's economy, under the influence of loose monetary policy, the financial industry, especially the banking industry, can be expected to continue to maintain double-digit growth in the next few years.

With a large plate, low valuations, good growth and high security, when all of the above benefits are concentrated in the banking sector, the upside becomes a matter of time.

Prior to this, because the large-cap index soared in the bull market, fund companies that were afraid of falling behind in order to rank in performance chose to buy a large number of small and medium-cap stocks.

With the expectation of the end of the bull market, fund companies have come to their senses and have begun to sell off small- and mid-cap stocks that have already made good yields, and instead chase safer bank stocks.

The approach of the fund companies has been completely seen through by Sun Haoyang, and after careful analysis, he recognized that there will be a wave of market in bank stocks in the future, so it is time to make a move.

There aren't many bank stocks in China's stock market, but the difference between the few or so bank stocks is significant.

Roughly speaking, China's bank stocks are divided into three categories, the first type is the national bank, that is, the four King Kongs of China Industry and Construction Agriculture, these four behemoths can be said to be the four pillars of China's banking industry.

However, at present, only the Industrial and Commercial Bank of China, the Bank of China, and the China Construction Bank are listed on the Chinese stock market, and as for the Agricultural Bank of China, the bank's asset situation is relatively complicated, and it has not yet been sorted out, and its listing will still have to wait for a short time.

The second echelon after the Four King Kongs is regional banks, such as Huaxia, Lumin, Lanxing and other banks.

The scale of this type of bank is already very considerable, but it is much smaller than the four King Kongs.

The third type is the city commercial bank, which is even smaller, and its business scope is basically limited to the city where it is located and its surroundings.

Since he is ready to buy bank stocks in a heavy position, Sun Haoyang must first have a thorough understanding of the operation of the banking sector.

Of the three types of bank stocks, the national banks are certainly the most stable and safest, because the Big Four represent China's economy, so it is almost impossible for any problems to happen to these four banks.

If something goes wrong with these four banks one day, I'm afraid China's economy will be over.

However, as the saying goes, there must be gains and losses, because the scale of the Four King Kongs is so large that it is very difficult for them to go further. Its performance growth rate is certainly not as fast as that of regional banks and city commercial banks.

Correspondingly, the characteristics of city commercial banks are just the opposite of those of national banks, and their performance changes very much, but their stability is poor.

In good years, the scale of city commercial banks grows rapidly, but similarly, if they encounter a financial crisis, their ability to resist risks is also low.

Medium-sized regional commercial banks are in the middle of the two, and their stability and performance growth are relatively good.

After some comprehensive considerations, Sun Haoyang prefers to choose a more mediocre regional bank.

Once again, the choice has been narrowed down to regional mid-sized commercial banks, although there are still several banks within the range, all with their own characteristics.

Shenzhen Development is the oldest listed bank stock in China; The headquarters of Pujiang Bank is located in Pujiang City, the most prosperous city in China's economy; Green Bank is a privately held bank; Bank of Communications is the largest and has the best chance of being a medium-sized bank that has the best chance of being squeezed into a national bank; The interbank business of Lanxing Bank is very distinctive and is known as a bank within a bank.

In addition to these superficial differences, a series of indicators such as capital adequacy ratio, loan-to-deposit ratio, and bad debt ratio also reflect the different characteristics of each bank's operating conditions.

When Sun Haoyang conducted in-depth research, he realized that if he wanted to fully understand and understand the bank's performance, it would be difficult to do it without spending a year or two of effort, which is still like his financial knowledge background, if he does not have a financial background, I am afraid that the research for three or five years may not be able to produce any useful results.

But now, Sun Haoyang obviously can't have a year or two to study bank stocks, and he expects that the banking sector will start in a month or two at the latest, and if it is fast, it may suddenly start in a week or two or even a day or two.

In this bull market from 2006 to 2007, the rise of stocks has never been regular, and it is often a stock market that suddenly erupts, and several consecutive long white candles pull up the stock price.

Sun Haoyang has now made up his mind to buy bank stocks, so it is natural to take advantage of the sooner rather than later, the sooner the better.

In this case, Sun Haoyang adopted the simplest decision-making method, which is to buy the cheapest price-to-earnings ratio - Lanxing Bank.

Lanxing Bank was listed in early 2007 and is still a very new sub-IPO. What's more, the stock has barely risen since its listing.

Compared with those mad bull stocks that have risen several times in this bull market, its stock price is now only 27 or 8 yuan, which is almost not much higher than the opening price of more than 24 yuan on the first day of listing in February.

Correspondingly, Pujiang Bank, which is also a medium-sized commercial bank of its size, has risen by more than 300% in this bull market.

Bought! Thinking of this, Sun Haoyang made up his mind.

Of course, at the same time, it is also necessary to pull a hand of heroes by the way.

For Sun Haoyang's analysis and judgment, Wu Yingying still agrees, but it is one thing to agree, and it is another thing to buy a heavy position.

After all, Wu Yingxing has finally earned 3 million funds now, and it is still a bit risky to let him buy all bank stocks at once.

Wu Yingying's investment style is very conservative, so even if Sun Haoyang's inference is very reasonable, what if something unexpected happens?

After all, inference is just inference, and no one can say whether something unexpected will suddenly happen in this rapidly changing stock market.

Therefore, Wu Yingying thinks that bank stocks must be bought, but they can't buy all positions, in addition to buying bank stocks, it is best to choose one or two more stocks to reduce the risk. As the saying goes, don't put all your eggs in one basket.

Then, after many searches, Wu Yingying finally found a target that he thought was more suitable - Jizhou Technology.

It is completely coincidental to pay attention to the stock of Jizhou Technology.

One day, when Wu Yingying was watching the market in the big room as usual, a shareholder friend asked him to help look at a stock, which was Jizhou Technology. When looking at the F10 information of this stock, Wu Yingying accidentally found a very interesting institution in its list of major shareholders - "Buffett Investment Company".

Who is Warren Buffett? That's a stock god worth tens of billions of dollars! There is no one who speculates in stocks who does not know him. As the originator of value investment, he is like the ancestor of the profession of shareholder, and it is not unusual for him to be worshipped by martial heroes.

When Wu Yingying found out that Warren Buffett actually bought Jeju Technology, he was naturally very excited and told Sun Haoyang about this discovery as soon as possible.

After all, Sun Haoyang is from a professional background, and he certainly won't be so naïve to think that this investment company was opened by Buffett himself. As far as he knows, Warren Buffett and his companies have never bought even a single share of A shares, but they have bought a lot of PetroChina in the Hong Kong market, and it is said that they have made a lot of money.

However, PetroChina is not listed on the A-share market, so domestic shareholders can only take a look at it at most.

However, although this Buffett investment company is fake, since Wu Yingying proposed it, Sun Haoyang naturally paid more attention to this stock.

And under this look, Sun Haoyang found something interesting......

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