本文字数：2425，阅读时长大约4分钟 作者 | 第一财经 亓宁 黄金、白银价格暴涨后暴跌价格大涨大跌加速板块轮动，深受避险资金偏爱的银行股又成市场焦点。进入2026年以来，此前涨势如虹的国有大行股价均 有大幅回调，农业银行、工商银行分别跌超12%、8%。 2026.02. 02 从近期表现来看，与国有大行、股份行扛起"护盘"大旗不同，受到业绩快报等消息影响，区域性银行表现明显优于全国性银行，近期多家城农商行宣布 了股东或高管增持计划及进展，也被市场视为重要信号。多位机构人士认为，目前银行板块资金流出高峰已过，配置价值开始显现。 银行股坚定"护盘" 黄金、白银跌势还在持续。面对外回落，但之后短线拉升，一度助力沪指跌幅收窄。全天来看，银行股"护盘"吃力但也较为坚定，在31个申万一级行业 中，食品饮料、银行成唯二飘红板块。 截至当天收盘，沪指跌2.48%，深证成指跌2.69%，创业板指跌2.46%。其中，有色金属以7.62%的跌幅领跌，钢铁、化工、煤炭、石油天然气等资 源周期板块集体重挫，跌幅均在5%以上，半导体板块同样大幅走弱。全市场超4600只个股下跌，成交额约2.61万亿元，较上一交易日缩量近2500亿 元 ...

2月2日，A股遭遇重挫，午后跌幅进一步扩大，沪指、创业板指均跌逾2%。市场呈现普跌格局，4652只个股收跌，有色、煤炭、石油、化工等资源类板 块成为下跌"重灾区"，科技板块亦集体走弱，仅白酒、银行等少数板块逆势护盘。 今日盘面板块大面积下挫，仅白酒饮料、输变电设备、特高压、银行等少数板块逆市护盘。相比之下，小金属概念、稀缺资源、黄金概念、化工原料、汽 车芯片、钢铁等板块跌幅居前。 | 东财概念指数 | | | | | 东财行业指数 | | | A股市场核心指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 跨境支付 0.41% | | 超级品牌 0.55% | | | | | | 国证1000 -2.72% | | 沪深300 -2.13% | | | | | | | 银行 0.57% | | | 饮料 1.67% | | | | | | 小金属概念 | 白酒 | 智能电网 | | | | | | 中证A100 -2.68% | 深证成指 | FIFFSO -2.07% | | | -7. ...

Market Overview - A-shares experienced a significant decline on February 2, with the Shanghai Composite Index and ChiNext Index both dropping over 2% [2][4] - The market showed a broad-based decline, with 4,652 stocks closing lower, particularly in resource sectors such as metals, coal, oil, and chemicals [4][9] - The trading volume decreased significantly, with daily turnover dropping by 255.8 billion to 2.61 trillion [5] Sector Performance - Resource stocks were heavily impacted, with declines exceeding 5% in sectors like non-ferrous metals, steel, basic chemicals, coal, and oil [8][9] - The food and beverage sector, particularly liquor stocks, showed resilience, with several companies like Jinhuijiu and Youyou Food hitting the daily limit [6][7] - Banking stocks also performed relatively well, with several banks showing slight gains despite the overall market downturn [8] Market Sentiment and Factors - The decline was attributed to a combination of external market disturbances, profit-taking, and heightened risk aversion ahead of the holiday [3][11] - Analysts suggest that the market may need 3 to 5 trading days to stabilize, with a focus on whether the Shanghai Composite can hold above the 4,000-point mark [3][15] - The current market environment is characterized as a healthy technical correction rather than a trend reversal, with no signs of panic selling or liquidity crisis [12][14] Investment Strategy - Investors are advised to avoid high-volatility sectors in the short term and to wait for clear signs of market stabilization before gradually increasing positions in quality sectors [3][16] - There is a recommendation to focus on defensive sectors such as electric grid equipment and high-dividend blue chips, while avoiding emotional selling [15][17] - The market is expected to recover quickly post-holiday, supported by liquidity replenishment and policy expectations from the upcoming Two Sessions [15][17]

Core Viewpoint - The precious metals market has experienced a significant drop, leading to panic in the Asia-Pacific markets, with major indices falling over 2% on February 2, 2026 [1] Group 1: Market Performance - The A-share market saw all three major indices drop more than 2%, with the Shanghai Composite Index falling 2.48% to close at 4015.75 points [1] - The total market turnover was 2.61 trillion yuan, continuing a trend of reduced trading volume over two consecutive days [1] Group 2: ETF Performance - The Food and Beverage ETF (515710) rose by 0.86%, while the Banking ETF (512800) increased by 0.13% [2] - The Securities ETF (512000) fell by 1.23%, and the Technology ETF (515000) dropped by 3.36% [2] - The Precious Metals ETF (159876) saw a significant decline of 9.97%, indicating a strong sell-off in the sector [2] Group 3: Sector Analysis - The chemical and non-ferrous metals sectors faced heavy selling pressure, with the Chemical ETF (516020) down 6.98% and the Non-Ferrous ETF (159876) hitting the daily limit down [2] - Analysts from CITIC Securities suggest that the price increase narrative may continue throughout the first quarter, but caution is advised for the speculative precious metals sector [2] - The white liquor sector, particularly stocks like Kweichow Moutai, saw a surge, with the Food and Beverage ETF reaching a peak increase of 3.28% during the day [4][5] Group 4: Investment Opportunities - Analysts from CITIC Securities and other institutions are optimistic about the white liquor sector, predicting a potential bottoming out opportunity in the coming years [7] - The banking sector is gaining attention as a potential rebound opportunity, with significant inflows into the Banking ETF, which has attracted nearly 11 billion yuan in the last ten days [14][16] - The overall market remains active ahead of the Chinese New Year, with a focus on sectors with strong fundamental support [4][16]

【导读】中信银行上海审计中心总经理姜雨林接受纪律审查和监察调查 公开信息显示，姜雨林出生于1968年6月，毕业于浙江金融职业学院。 姜雨林曾在中信银行工作多年，曾任中信银行杭州分行会计部会计管理科副科长、零售业务部开发管理科科长、营业部公司业务四处处长兼零售业务处处 长，中信银行杭州分行解放支行行长、天水支行行长，中信银行杭州分行行长助理，中信银行杭州分行副行长兼分行营业部总经理，中信银行公司银行部 总经理等职务。 2016年7月，姜雨林出任浙商银行副行长，2018年10月即因个人原因辞职。此后，姜雨林出任中信银行福州分行党委书记、行长。在中信银行福州分行任 职期间，姜雨林曾当选福建省银行业协会第七届理事会理事、第八届理事会副会长。2025年底，姜雨林调任中信银行上海审计中心总经理。 值得一提的是，上月姜雨林已传出"失联"消息，直至此次官方通报证实。 近年来，中信银行反腐持续深入，此前已有财富管理部原副总经理袁东宁、资产管理业务中心原副总裁罗金辉等人被查。另外，2025年9月，中信银行国 际业务部总经理张琳亦传出"失联"消息，后续动向尚未公布。 又有股份行干部任上被查！ 2月2日，中央纪委国家监委官网通报：中 ...

【导读】中信银行上海审计中心总经理姜雨林接受纪律审查和监察调查 中国基金报记者 晨曦 又有股份行干部任上被查！ 2月2日，中央纪委国家监委官网通报：中信银行上海审计中心总经理姜雨林涉嫌严重违纪违法，主动投案，目前正接受中央纪委国家监委驻中信集团纪检 监察组纪律审查和浙江省监察委员会监察调查。 公开信息显示，姜雨林出生于1968年6月，毕业于浙江金融职业学院。 姜雨林曾在中信银行工作多年，曾任中信银行杭州分行会计部会计管理科副科长、零售业务部开发管理科科长、营业部公司业务四处处长兼零售业务处处 长，中信银行杭州分行解放支行行长、天水支行行长，中信银行杭州分行行长助理，中信银行杭州分行副行长兼分行营业部总经理，中信银行公司银行部 总经理等职务。 2016年7月，姜雨林出任浙商银行副行长，2018年10月即因个人原因辞职。此后，姜雨林出任中信银行福州分行党委书记、行长。在中信银行福州分行任 职期间，姜雨林曾当选福建省银行业协会第七届理事会理事、第八届理事会副会长。2025年底，姜雨林调任中信银行上海审计中心总经理。 值得一提的是，上月姜雨林已传出"失联"消息，直至此次官方通报证实。 近年来，中信银行反腐持续深入，此 ...

Core Viewpoint - The A-share market is experiencing significant volatility, particularly in the precious metals and banking sectors, with a notable shift in investor focus towards regional banks amid a backdrop of fluctuating gold and silver prices [1][2]. Group 1: Market Performance - On February 2, the A-share market faced downward pressure, with the Shanghai Composite Index dropping by 2.48%, the Shenzhen Component by 2.69%, and the ChiNext Index by 2.46% [2]. - The precious metals sector led the decline with a 7.62% drop, while other resource sectors like steel, chemicals, and coal also saw declines exceeding 5% [2]. - Despite the overall market downturn, bank stocks showed resilience, with 17 banks recording gains, led by CITIC Bank with a 2.64% increase [5]. Group 2: Banking Sector Dynamics - The banking sector has been characterized by a significant outflow of funds, with the China Securities Index reporting a cumulative decline of 6.76% in the banking index as of January 30 [5][6]. - Regional banks have outperformed national banks, with several local banks announcing share buyback plans, signaling potential recovery and investor confidence [1][9]. - Analysts suggest that the peak of fund outflows from the banking sector has passed, with the price-to-book ratio for bank stocks currently around 0.57, indicating potential value for investors [6][7]. Group 3: Investment Sentiment - There is a growing optimism regarding the banking sector's fundamentals, with expectations for a strong start to credit growth in 2026 and stable asset quality [9]. - Recent announcements of share purchases by bank executives and shareholders have bolstered market confidence, particularly among regional banks like Qilu Bank and Nanjing Bank [9]. - The shift in focus from passive to active fund management in the banking sector may lead to increased buying interest, especially if the selling pressure from passive funds diminishes [7][8].

Core Viewpoint - The banking sector is showing resilience amidst market fluctuations, with significant inflows into bank ETFs indicating a recovery in investor sentiment towards the sector [3][8]. Group 1: Market Performance - The largest bank ETF (512800) saw an intraday price increase of 1.4% and closed up by 0.13%, with a total trading volume of 1.344 billion yuan, reflecting a week-on-week increase of over 300 million yuan [1][6]. - Major banks such as CITIC Bank, Shanghai Bank, Huaxia Bank, and Zheshang Bank experienced stock price increases of over 2% and 1% respectively [1][6]. Group 2: Fund Inflows and Investor Sentiment - There was a net inflow of 1.55 billion yuan into the banking sector today, ranking third among all Shenwan first-level industries [3][8]. - Over the past 10 days, the bank ETF (512800) has seen inflows on 9 occasions, totaling 1.09 billion yuan, indicating a rapid recovery in market interest [3][8]. Group 3: Regulatory Changes and Long-term Outlook - The China Securities Regulatory Commission has proposed amendments to allow various long-term funds, including public funds and insurance capital, to participate in equity investments, which could enhance the capital sources for listed banks [3][8]. - This regulatory change is expected to benefit banks by diversifying their asset management strategies and improving long-term performance [3][8]. Group 4: Investment Characteristics - The bank ETF (512800) tracks the CSI Bank Index and includes 42 listed banks, making it an efficient investment tool for tracking the banking sector [3][8]. - The ETF has a current scale exceeding 12.1 billion yuan and an average daily trading volume of over 800 million yuan since 2025, making it the largest and most liquid bank ETF in A-shares [3][8].

本期，南财理财通重点关注最低持有期人民币公募产品的业绩表现，按照90天、180天、365天持有期限分类对产品业绩进行排 名，业绩指标采用年化收益率，计算区间与持有期限相同，如90天持有期产品的业绩计算区间为近三月年化收益率，同机构同 系列同投资周期产品保留一只参与排名。 统计代销机构（28家）：工商银行、中国银行、农业银行、邮储银行（601658）、建设银行、交通银行、招商银行、中信银 行、光大银行、民生银行、兴业银行、浦发银行、广发银行、浙商银行（601916）、华夏银行、平安银行、恒丰银行、渤海银 行、北京银行、宁波银行、江苏银行（600919）、上海银行（601229）、南京银行、杭州银行（600926）、徽商银行、微众银 行、网商银行、百信银行。 需要特别提醒的是：本榜单对理财产品"在售"状态的判断基于其投资周期推算。但实际情况中，部分产品可能因额度售罄，或 银行针对不同客户展示的产品清单存在差异而无法购买。因此，建议投资者以代销银行APP的实际展示为准。 此外，南财理财通虽力求客观公正，但不对本评价榜信息的真实性、完整性和准确性作任何保证，排名信息仅供参考。 | | ZYHC24 | 幸福99卓越混 ...

中信银行上海审计中心总经理姜雨林涉嫌严重违纪违法，主动投案，目前正接受中央纪委国家监委驻中 信集团纪检监察组纪律审查和浙江省监察委员会监察调查。 （文章来源：中央纪委国家监委网站） ...