银行：基金2024年4季度银行重仓持股分析-基金加仓银行，低配比例收窄

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Viewpoints - The report highlights a significant increase in the scale of wealth management products and an increase in the proportion of interbank certificates of deposit [1] - Fund holdings in banks have increased, with a narrowing of the underweight ratio [1][5] - The banking sector's free float market value has risen by 6.57%, while the overall A-share free float market value increased by 2.40% [5][8] Summary by Sections Fund Holdings Analysis - In Q4 2024, the proportion of bank holdings in the four types of funds analyzed rose to 3.41%, up from 2.47% in Q3 2024, indicating a 0.94 percentage point increase [8] - The underweight ratio compared to the industry benchmark decreased from 4.35 percentage points to 3.69 percentage points [8] Individual Bank Stock Holdings - The report indicates that funds have increased their holdings in banks with favorable dividend yields and those that combine growth and dividend value [11] - The top banks by fund holdings in Q4 2024 are China Merchants Bank, Jiangsu Bank, Industrial and Commercial Bank of China, Chengdu Bank, and Ningbo Bank [11] - Notable increases in holdings include Jiangsu Bank (+2.61 billion), China Merchants Bank (+1.38 billion), Agricultural Bank of China (+0.96 billion), and Industrial and Commercial Bank of China (+0.81 billion) [11][12]