银行ETF指数(512730)涨近1%，险资加力布局银行板块

Group 1 - The China Banking Index (399986) increased by 0.86% as of November 12, 2025, with notable gains from Agricultural Bank (601288) up 2.65%, Chongqing Rural Commercial Bank (601077) up 2.01%, and others [1] - As of Q3 2025, insurance capital's holding in banks was at 27.95%, with a market value accounting for 3.99% of the circulating A-shares, reflecting a decrease of -0.29 percentage points and -2.52 percentage points respectively from the previous quarter [1] - Insurance capital increased its holdings by 8.36 billion shares in the banking sector, with 23 banks being allocated by insurance capital as of the end of September, an increase of 2 banks from the previous quarter [1] Group 2 - China Galaxy Securities noted that factors such as new premium inflows, increased equity investment ratios, and strengthened long-term assessments provide room for growth in insurance capital's allocation to the banking sector [1] - The banking sector is favored for its stable dividends and low valuation, with a continued advantage in dividend yield [1] - The top ten weighted stocks in the China Banking Index as of October 31, 2025, accounted for 64.87% of the index, including major banks like China Merchants Bank (600036) and Industrial and Commercial Bank of China (601398) [2]