On December 18, the banking sector showed strength during trading. As of press time, 39 out of 42 bank stocks rose, with 3 remaining flat. China Construction Bank (CCB) led the gains, rising over 2%, while Shanghai Bank, Suzhou Bank, Xiamen Bank, and seven others climbed more than 1%. The largest bank ETF (512800) by market size saw its intraday price rise nearly 1%, currently up 0.74%.
The National Financial Regulatory Administration issued a notice adjusting risk factors for insurance companies' related businesses. It specified that for CSI 300 index constituents and CSI Dividend Low Volatility 100 index constituents held by insurers for over three years, the risk factor would be reduced from 0.3 to 0.27.
This adjustment aims to guide insurers to enhance long-term investment management capabilities and fully utilize insurance funds as patient capital. The released capital is expected to expand A-share equity investments, particularly in the banking sector. Galaxy Securities estimates that based on current premium income, assuming 30% investment in A-shares and full allocation to the two indices, the theoretical maximum inflow into the banking sector could reach 214.611 billion yuan.
CICC's latest research report indicates that amid high-quality development of the financial system, the banking sector is transitioning from "cycle speculation" to a new phase of "dividend allocation," with high-dividend investment becoming the core theme. The report explicitly states that banks' absolute and relative returns are expected to consistently outperform the market, driven primarily by capital allocation demand.
Looking ahead to 2026, CICC projects the banking sector's valuation midpoint could rise by 15%-20%, recommending investors seize the allocation window at year-end and early next year.
Riding the trend with both offensive and defensive advantages, Bank ETF (512800) and its feeder funds (Class A: 240019; Class C: 006697) passively track the CSI Bank Index, covering all 42 listed banks in the A-share market as an efficient tool to capture sector trends. Bank ETF (512800) boasts active trading, with average daily turnover exceeding 800 million yuan this year, making it the largest and most liquid among A-share banking ETFs.
Data source: SSE, SZSE, etc.
Risk disclosure: Bank ETF passively tracks the CSI Bank Index (base date: December 31, 2004; launch date: July 15, 2013). The index's annual performance for the past five full years: 2024, +34.71%; 2023, -7.27%; 2022, -8.78%; 2021, -4.41%; 2020, -4.23%. Index constituents are adjusted per its methodology, and past performance doesn't guarantee future results. Constituent stocks shown are for illustrative purposes only; individual stock descriptions don't constitute investment advice or reflect fund holdings. The fund manager rates this product as R3-medium risk, suitable for balanced (C3) or higher risk-tolerance investors. All information herein (including but not limited to stocks, commentary, forecasts, charts, indicators, theories) is for reference only, and investors bear full responsibility for independent decisions. Views, analyses, and predictions don't constitute investment advice, and no liability is assumed for direct/indirect losses from using this content. Fund investments carry risks; past performance doesn't indicate future results, and other funds' performance doesn't guarantee this fund's returns. Invest with caution.
MACD golden cross signals emerge as these stocks rally impressively.
Comments