Xin Lang Cai Jing·2025-05-26 02:59Group 1 - The insurance securities ETF (515630.SH) increased by 0.41%, while its associated index 800 Securities Insurance (399966.SZ) rose by 0.55% [1] - Major constituent stocks such as China Ping An, China Pacific Insurance, and China Life saw increases of 1.58%, 2.27%, and 1.74% respectively [1] - CITIC Securities' latest research report indicates that the brokerage sector's valuation is expected to stabilize and rebound due to liquidity benefits from interest rate cuts, strong year-on-year growth in semi-annual reports, and the implementation of a package of financial policies [1] Group 2 - The brokerage sector's valuation has adjusted to a reasonable level, with positive catalysts from fundamentals, policies, and liquidity benefits, as well as merger and acquisition themes stimulating the sector's elasticity [1] - Shenwan Hongyuan's research highlights that value-style active equity funds have a structure more aligned with broad-based indices like CSI 300 and CSI 800, indicating a high overlap with the constituent stocks of the 800 Securities Insurance index [1] - Guotai Junan Futures emphasizes that the financial sector's performance is closely related to macroeconomic recovery expectations, and attention should be paid to the marginal impact of policies on the insurance securities industry [1]