2 1 Shi Ji Jing Ji Bao Dao·2025-10-16 03:00Core Viewpoint - The banking sector is experiencing a rally, with significant increases in stock prices for various banks, driven by insurance capital increasing their holdings in Hong Kong bank stocks, particularly by China Ping An [1][2]. Group 1: Investment Activities - China Ping An's subsidiary, Ping An Life, increased its holdings in China Merchants Bank (CMB) by 2.989 million H-shares, raising its total to 781 million shares, which represents 17% of CMB's H-shares [2]. - On the same day, China Ping An purchased 641,600 H-shares of Postal Savings Bank, increasing its stake to 17.01% [2]. - Since the beginning of the year, China Ping An has significantly increased its investments in H-shares of banks, including Agricultural Bank and Industrial and Commercial Bank, with total expenditures exceeding 100 billion Hong Kong dollars [4]. Group 2: Market Trends - The banking sector has seen a net inflow of nearly 100 million yuan into the Bank AH Preferred ETF (517900) over four consecutive days, indicating strong investor interest [7]. - The insurance sector's stock holdings have increased by 26.69% since the beginning of the year, with banks consistently representing the highest proportion of these holdings, reaching 47.2% by mid-2025 [4][6]. Group 3: Performance Metrics - The China Banking Index has experienced a cumulative decline of 15.21% from July 11 to October 9, while the CSI 300 Index rose by 17.44% during the same period [9]. - Since the launch of the Bank AH Total Return Index on December 6, 2017, it has achieved a cumulative return of 82.26%, outperforming the China Banking Total Return Index by 21.49% [9][11].