Market Performance - The CSI All Share Securities Company Index increased by 3.1% this week, while the CSI Bank Index rose by 1.2% and the CSI 300 Non-Bank Financial Index gained 3.0%. In contrast, the Hong Kong Securities Index fell by 1.1% [1][3]. - The Hong Kong Securities ETF (513090) attracted over 2.2 billion yuan in inflows over four consecutive days this week, reaching a total size of over 29 billion yuan, marking a historical high [1]. Analyst Insights - Huatai Securities indicated that the current yield on equity assets is steadily rising, with resident funds gradually entering the market, suggesting a positive outlook for market upward momentum [1]. - The brokerage sector is considered undervalued and underweighted, entering a new phase of performance and valuation recovery in the new market environment, leading to expectations of value reassessment for the sector [1]. Index Metrics - The current price-to-book (P/B) ratio for the CSI All Share Securities Company Index is 1.6 times, while the CSI Bank Index stands at 0.7 times. The CSI 300 Non-Bank Financial Index also has a P/B ratio of 1.6 times [3][4]. - The P/B ratio percentiles indicate that the CSI All Share Securities Company Index is at the 43.9th percentile, while the CSI Bank Index is at the 40.6th percentile, suggesting relative valuation levels [3][4]. Historical Performance - Over the past month, the CSI All Share Securities Company Index has seen a cumulative increase of 11.0%, while the CSI Bank Index has decreased by 2.2% [6]. - Year-to-date, the CSI All Share Securities Company Index has risen by 13.4%, and the CSI Bank Index has increased by 11.2% [6].