我们还原了近期金融股暴涨的真相，结果有些意外

Core Viewpoint - The recent collective surge in the financial sector has drawn attention to the role of public funds in driving this trend, particularly in relation to performance benchmarks and quantitative trading strategies [2][4][10]. Group 1: Public Funds and Performance Benchmarks - The surge in the financial sector is largely attributed to public funds adjusting their portfolios to meet performance benchmarks, as indicated by the "Action Plan for Promoting the High-Quality Development of Public Funds" [6][8]. - Public funds have a significantly lower allocation in the banking sector, approximately 3.49%, compared to a 9.99 percentage point underweight relative to the CSI 300 index [7]. - There is a prevailing sentiment among fund managers that focusing too much on benchmarks may undermine the purpose of actively managed funds, which are intended to seek higher returns [8][9]. Group 2: Quantitative Trading Influence - The financial sector's rally was not solely due to public funds but was also influenced by quantitative trading strategies, particularly following rumors about foreign capital easing financial access [10][11]. - Quantitative strategies often utilize alternative factors, such as sentiment analysis from social media and news, to gauge market interest in specific sectors, which may have contributed to the trading activity in the financial sector [11][12]. - Observations indicate that quantitative strategies tend to favor the broader financial sector, aligning with the recent trading patterns [13]. Group 3: Insurance Capital's Role - While insurance capital was speculated to be a driving force behind the financial sector's rise due to regulatory changes, it has been confirmed that insurance firms maintained a steady investment pace without significant reallocation [15][16]. - Insurance firms have been consistently investing in high-dividend assets like bank stocks, but this activity was not linked to the recent surge in the financial sector [15].