Group 1 - The Hong Kong banking sector is showing signs of recovery, with the Hong Kong Bank LOF (501025) experiencing a cumulative increase of 21.84% over the past six months, leading among similar funds [1] - As of July 30, 2025, the circulating scale of the Hong Kong Bank LOF reached nearly 540 million, a significant increase from 46 million at the beginning of the year, indicating a growth of over 500 million [1] - Four listed banks, including Hangzhou Bank, Ningbo Bank, Changshu Bank, and Qilu Bank, reported double growth in both operating income and net profit for the first half of 2025, with net profit growth exceeding 10% for Qilu Bank, Hangzhou Bank, and Changshu Bank [1] Group 2 - The non-performing loan ratio for the four banks has generally decreased or remained stable compared to the beginning of the year, indicating a solid risk resistance capability [1] - Southbound funds have been the main force driving the Hong Kong stock market, with a cumulative net inflow exceeding 840 billion HKD this year, surpassing the total for the previous year and setting a historical high [1] - China Galaxy Securities highlights that banks, as key stocks in broad-based indices, benefit from the expansion of ETFs, with sustained growth in medium to long-term funds and ongoing positive factors accumulating in the banking sector [1]
南下资金成为港股银行做多主力，香港银行LOF(501025) 资金逢低布局意愿强烈