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2024年三季度非银板块基金持仓分析:市场上涨板块获增配,继续看好非银
Guotai Junan Securities·2024-10-31 00:44

Investment Rating - The report maintains an "Overweight" rating for the non-bank financial sector [2] Core Viewpoints - The non-bank financial sector has seen significant allocation increases due to market uptrends and supportive policies, particularly benefiting financial technology and brokerage firms, as well as pure life insurance companies with greater investment flexibility [2][4] - The insurance sector's allocation ratio has risen from 1.77% to 2.92%, driven by a 44.66% increase in the insurance index in Q2 [3] - The brokerage sector has also received increased allocations, with public fund holdings rising from 2.50% to 3.28% [3] Summary by Relevant Sections Insurance Sector - The allocation ratio for the insurance sector increased significantly, with major companies like China Ping An and China Life seeing their holdings rise [3] - China Ping An's market value proportion increased from 1.46% to 2.92%, while China Life's rose from 0.06% to 0.07% [3] - The report recommends investing in pure life insurance companies due to their investment flexibility [4] Brokerage Sector - The brokerage sector benefited from improved liquidity, with daily stock trading volumes reaching 2.6 trillion by the end of September [3] - The report notes that the brokerage sector's public fund holding ratio increased from 2.50% to 3.28%, indicating a 0.60 percentage point under-allocation [3] - Specific recommendations include stocks like Dongfang Caifu and CITIC Securities, which have seen increased holdings [3][9] Financial Technology and Diversified Finance - The report highlights a rise in allocations to diversified finance and financial technology, with public fund holdings in these sectors increasing [4] - Companies like Tonghuashun and Zhinan Zhen have seen significant increases in institutional holdings, indicating strong interest in financial information service providers [4]