证券ETF（512880）涨超0.6%，非银金融估值修复预期引关注

Group 1 - The non-bank financial sector, particularly the insurance segment, is highlighted as a key area of focus due to expected performance driven by short-term premium growth and mid-term investment income increases [1] - The concentration of fixed deposits maturing may lead to an increase in insurance premiums, contributing to a strong start for the insurance industry [1] - A strong stock market is anticipated to enhance investment returns for insurance equity investments, while rising interest rates due to returning inflation may improve insurance yield [1] Group 2 - The securities industry is viewed as a pro-cyclical sector, with expectations of increased industry prosperity following economic work meetings and enhanced fiscal support for infrastructure projects in the "14th Five-Year Plan" [1] - Current market liquidity is characterized by significant driving features, with continued growth in ETF and margin financing, alongside expectations of foreign capital inflow due to RMB appreciation, providing support for the non-bank financial sector [1] - The Securities ETF (512880) tracks the Securities Company Index (399975), which selects listed companies closely related to the securities market, covering brokerage, investment banking, and proprietary trading to reflect the overall performance and market dynamics of the securities industry [1]