银行Q3核心营收改善，银行ETF基金涨2%，机构：四季度红利资产或迎险资增配

Core Insights - A-shares experienced volatility while the Hong Kong banking sector saw an increase, with bank ETFs rising by 2% and Hong Kong Stock Connect financial ETFs up by 1.3% [1] Financial Performance - Listed banks reported a 0.9% year-on-year increase in revenue and a 1.5% rise in net profit attributable to shareholders for the first three quarters, with core revenue and net interest income growth showing marginal improvement [2] - The decline in interest margins has narrowed, and asset quality remains stable, indicating steady profit growth [2] Dividend Announcements - Several banks, including Industrial Bank, Zhangjiagang Bank, and Wuxi Bank, announced mid-term dividend plans, marking the first implementation of such dividends for these institutions [3] Regulatory and Market Insights - The Deputy Director of the Financial Regulatory Bureau, Zhou Liang, noted that Chinese banks account for 143 out of the global top 1,000 banks, with Hong Kong banks holding a significant share of the asset scale among foreign banks in mainland China [3] - Guotai Junan Securities emphasized the importance of dividend assets as the year-end approaches, predicting increased demand for dividend asset allocation from insurance funds, especially in a low-interest-rate environment [3] Investment Products - The Hong Kong Stock Connect financial ETF (513190) has a high concentration in banks (64%) and includes major banks and insurance leaders, showing a 1.3% increase [4] - The bank ETF fund (515020) provides exposure to major state-owned and joint-stock banks, achieving a 2.01% rise, effectively diversifying risks associated with individual bank stocks [4]