CCB(SH:601939) Ge Long Hui·2025-07-03 09:50Group 1 - The core viewpoint of the news is that bank stocks have reached new historical highs in 2025, with significant gains for investors who bought in 2015, indicating a strong performance in the banking sector [1] - Major banks such as Shanghai Pudong Development Bank, Huaxia Bank, and China Construction Bank have recently set historical highs, with the Shanghai Pudong Development Bank achieving this 24 times [1] - The Bank AH Preferred ETF (517900) has also shown strong performance, recently entering a continuous rise mode and surpassing its 5-day moving average, reflecting a stable upward trend [1] Group 2 - The Bank AH Preferred ETF has seen a significant increase in net inflows, with its scale growing over 570% since the beginning of the year, driven by strong demand from investors [3] - Insurance capital has been actively acquiring bank stocks, with 19 instances of insurance capital increasing holdings in 2025, nearly half of which are in bank stocks, highlighting the appeal of high dividend yields in the banking sector [3] - The current low interest rates for banks and 10-year government bonds have created a challenging environment for long-term capital, leading to a strong demand for high dividend, low valuation assets like bank stocks [3] Group 3 - The performance of the Bank AH Index has been impressive, with a 67.87% increase since the beginning of 2024, outperforming the China Securities Bank Index by over 12 percentage points [4] - The strategy of the Bank AH Index, which dynamically captures lower-valued stocks across A-shares and H-shares, has proven effective in generating excess returns [4] - The Bank AH Index has shown a significant rise in both the number of upward trading days and overall performance metrics compared to the China Securities Bank Index [5]