非银金融行业周报：财政政策与市场共振，继续看好非银板块行情

Investment Rating - The report maintains a positive outlook on the non-bank financial sector, indicating a favorable investment rating for the industry [2]. Core Insights - The report highlights the impact of fiscal policy, which is expected to enhance local government debt resources by 10 trillion yuan, with an additional 6 trillion yuan debt limit approved by the National People's Congress [2]. - The report notes that the securities sector has seen a significant increase, with the Shenwan Securities Index II rising by 15.0%, outperforming the CSI 300 Index by 9.5 percentage points [2]. - The insurance sector is also performing well, with the Shenwan Insurance II Index increasing by 6.67%, slightly outperforming the CSI 300 Index [2]. Market Review - The CSI 300 Index closed at 4,104.05 with a weekly change of +5.5%, while the non-bank index closed at 2,113.82 with a change of +12.0% [8]. - The securities sector reported a weekly increase of 15.0%, while the insurance and diversified financial sectors increased by 6.7% and 7.9%, respectively [8][10]. Key Data Tracking - As of November 8, 2024, the average daily trading volume reached 23,774.02 billion yuan, reflecting a 14.85% increase week-on-week [33]. - The margin trading balance stood at 17,870.06 billion yuan, showing a significant increase compared to the end of 2023 [15]. - The report indicates that the insurance sector's new energy vehicle insurance has seen a compound annual growth rate (CAGR) of 86.4% from 2021 to 2023, with over 220 million customers served [2].