港股概念追踪|基金经理加仓以追赶基准权重 券商板块或迎来价值重估（附概念股）

Group 1 - The China Securities Regulatory Commission (CSRC) has issued an action plan to promote the high-quality development of public funds, establishing a floating management fee mechanism linked to fund performance [1] - The new regulations emphasize the importance of performance benchmarks, particularly for newly established actively managed equity funds, which will adopt a floating management fee model based on performance benchmarks [2] - Fund companies are required to create a performance-centered assessment system, reducing the weight of operational indicators such as scale ranking and income profit [1][2] Group 2 - Currently, 57.5% of actively managed equity funds use the CSI 300 index as their performance benchmark, while 12.2% use the CSI 800 index, indicating a significant influence of these indices on industry allocation [2] - Active equity funds are underweight in several sectors compared to their benchmarks, including banks (-7.3%), non-bank financials (-6.6%), and utilities (-1.5%) [2] - If the allocation to the banking sector increases from 3.3% to 5%, 7.5%, and 10%, it could bring in additional funds of 500 billion, 1,237 billion, and 1,973 billion respectively, representing 2.8%, 6.9%, and 11.1% of the free float market value of the banking sector [2] Group 3 - Local public funds have the lowest holding ratio in the banking sector, but due to fund managers increasing their positions to catch up with benchmark weights, the sector has seen significant price increases [3] - The outlook for the brokerage industry is positive, with a 83% year-on-year increase in net profit attributable to shareholders in the first quarter, driven by strong retail brokerage and investment banking performance [3] - The brokerage sector's profitability and valuation are expected to improve, supported by favorable policies and a stable market environment [3] Group 4 - Related Hong Kong-listed Chinese brokerage firms include China International Capital Corporation (03908), CITIC Securities (06030), and Guotai Junan Securities (06178) [4]