银行板块本周逆势走强，资金连续7个交易日净流入银行ETF易方达（516310）

Core Viewpoint - The banking sector is showing resilience with a 1.7% increase in the China Securities Bank Index, while other financial indices have declined, indicating a potential shift in investment focus towards banks [1][3]. Market Performance - The China Securities Bank Index rose by 1.7% this week, contrasting with a 0.6% decline in both the China Securities Company Index and the CSI 300 Non-Bank Financial Index, and a 2.1% drop in the Hong Kong Securities Index [1][3]. - Year-to-date performance shows the China Securities Bank Index has decreased by 5.1%, while the CSI 300 Non-Bank Financial Index has seen a smaller decline of 1.6% [6]. ETF Investment Trends - The bank ETF, managed by E Fund (516310), has experienced a net inflow of over 140 million yuan over the past seven trading days, indicating strong investor interest [1]. - There are currently nine ETFs tracking the China Securities Bank Index, compared to 14 for the China Securities Company Index, suggesting a growing focus on banking stocks [4]. Future Outlook - Dongfang Securities anticipates that the banking sector will return to a fundamental narrative by 2026, supported by policy financial tools and a resilient asset expansion [1]. - The current period is characterized by a concentration in deposit repricing, which is expected to stabilize net interest margins, leading to positive absolute returns for the banking sector in 2026 [1].