银行业利好信号密集释放，关注银行ETF基金（515020）

Core Insights - The banking sector is experiencing positive signals, with a recovery in wealth management business driven by a warming capital market, leading to expected revenue growth [1] - The central bank governor has proposed policies to support personal credit repair, which is anticipated to expand retail loans once implemented in early 2026 [1] - Financial asset risk classification regulations are set to transition in 2025, allowing for more robust provisioning by listed banks, with expectations of declining credit costs in 2026 [1] Banking Sector Overview - Wealth management income for a major bank is projected to grow by 18.8% year-on-year by Q3 2025 [1] - Listed banks are expected to achieve stable performance in 2026, with both revenue and net profit attributable to shareholders anticipated to show positive year-on-year growth [1] - Net interest income growth is expected to outperform that of 2025 [1] Investment Strategy - There is a clear trend of improvement in the fundamentals of bank stocks, although individual performance may vary [1] - It is suggested to consider investing in bank sectors with strong earnings certainty through index investment tools such as bank ETFs (515020) [1]