非银金融行业数据周报：非银板块跑赢大盘，交易活跃度持续上行

Investment Rating - The report maintains a "Buy" rating for the non-bank financial sector, indicating that the sector is expected to outperform the market [1]. Core Insights - The brokerage index increased by 14.50%, outperforming the market by 9.00 percentage points, with a three-year PB valuation percentile of 93.9%. The insurance index rose by 6.65%, outperforming the market by 1.14 percentage points, with a three-year PB valuation percentile of 99.4% [1]. - The average daily trading volume in the market was 23,987.21 billion yuan, reflecting a week-on-week increase of 14.86% [1]. - The report highlights significant increases in refinancing underwriting amounts and corporate bond underwriting amounts, with refinancing underwriting reaching 4.703 billion yuan, up 76.80% week-on-week [1]. Summary by Sections Market Performance - The report notes that the non-bank financial sector has shown strong performance, with the brokerage sector leading the gains [1]. - The report provides detailed performance metrics for various indices, including the Shanghai Composite Index and the CSI 300, with respective increases of 5.50% and 14.50% for the brokerage index [1]. Brokerage Sector Analysis - Key brokerage firms such as Tonghuashun and Huayin Securities saw significant stock price increases, with gains of 50.40% and 45.02%, respectively [1]. - The report indicates a rise in margin trading balances, which reached 1.79 trillion yuan, reflecting a week-on-week increase of 5.05% [1]. Insurance Sector Analysis - The report highlights individual stock performances within the insurance sector, with notable increases for companies like Xinhua Insurance and China Life, which rose by 16.62% and 15.04%, respectively [1]. - The current PEV valuations for major insurance companies are provided, with AIA at 1.23x and China Life at 0.99x [1]. Important Industry News - The report mentions that the number of new individual investor accounts in the A-share market reached 6.8397 million in October, the highest since June 2015 [1]. - It also notes the approval for the establishment of Beijing Fa Ba Tian Xing Property Insurance Co., Ltd., backed by major international investors [1].