稳！回调后火速3连阳，建行、浦发又新高！银行缘何难跌？

Group 1 - The banking sector has shown resilience with a continuous upward trend, marking the third consecutive day of gains following a brief correction [1] - The banking sector index has achieved a cumulative increase of 13.1% in the first half of the year, outperforming the CSI 300 index by 13.07 percentage points, making it the second-best performing sector [2] - As of June 30, the total market capitalization of the A-share banking sector reached 15.44 trillion yuan, accounting for 14.74% of the total market capitalization of listed companies, with an increase of approximately 1.87 trillion yuan since the beginning of the year [2] Group 2 - The current market dynamics for the banking sector differ from those in 2023 and 2024, with a shift from dividend-driven logic to a focus on policy-driven capital inflows as the main driver for valuation restructuring [2] - The demand for high-dividend assets, represented by banks, is expected to rise, supported by the relatively high cost of insurance liabilities compared to most financial asset yields [2] - The banking sector's dividend yield reached 5.13% as of June 30, indicating sustained attractiveness for dividend allocation [3] Group 3 - The bank ETF (512800) has seen a significant increase in scale, surpassing 12 billion yuan, with an average daily trading volume of 410 million yuan over the past year, making it the largest and most liquid bank ETF in the market [3] - Investors interested in the banking sector's cost-performance ratio can consider the bank ETF (512800) and its associated funds [3]