Workflow
银行AH优选ETF(517900)
icon
Search documents
银行股探底回升,中证银行指数盘中回踩年线,工行一度跌超2%!资金连续4日增仓银行AH优选ETF(517900)
Ge Long Hui· 2025-09-19 04:16
银行股盘中一度加速下挫,工商银行一度跌超2%,近一年来首次跌破半年线;农业银行、中信银行、中国银行均跌近2%,中 证银行指数时隔一年跌至年线附近。 截至发稿,银行AH优选ETF(517900)收复早盘跌幅,呈探底回升走势。 银河证券指出,今年以来,险资11次举牌上市银行,其中10次为H股,股息率吸引力仍存。银行板块估值低、分红稳、业绩波 动小,股息率仍有优势,符合险资对收益稳健性和长周期考核的需求。险资配置银行除获取稳健分红外,还可通过权益法改 善利润表,高ROE银行预计受青睐。 一方面,多家银行股东、高管积极增持,光大银行、南京银行、华夏银行、苏州银行等发布增持公告。多家银行在公告中表 示,增持是出于对自身未来发展前景的信心与长期投资价值的认可。这一信心也反映在银行业的整体稳健表现上。 同时,社保基金也加大银行板块配置,根据银河证券测算,二季度,社保持有银行仓位升至51.71%,环比提高2.48个百分点; 持有银行流通市值占比达6.31%,环比上升0.13个百分点。 场内资金则借道相关ETF布局。银行AH优选ETF(517900)近4日获资金连续净流入2087万元。 | 1.464 0.000 0.00% ...
银行股探底回升,中证银行指数盘中回踩年线,工行一度跌超2%!资金连续4日“加仓”银行AH优选ETF(517900)
9月19日,银行股盘中一度加速下挫,工商银行一度跌超2%,近一年来首次跌破半年线;农业银行、中 信银行、中国银行均跌近2%,中证银行指数时隔一年跌至年线附近。 同时,社保基金也加大银行板块配置,根据银河证券测算,二季度,社保持有银行仓位升至51.71%, 环比提高2.48个百分点;持有银行流通市值占比达6.31%,环比上升0.13个百分点。 热门ETF中,银行AH优选ETF(517900)获资金布局,Wind数据显示,该ETF近4日获资金连续净流 入2087万元。 银河证券指出,今年以来,险资11次举牌上市银行,其中10次为H股,股息率吸引力仍存。银行板块估 值低、分红稳、业绩波动小,股息率仍有优势,符合险资对收益稳健性和长周期考核的需求。险资配置 银行除获取稳健分红外,还可通过权益法改善利润表,高ROE银行预计受青睐。 (本文机构观点来自持牌证券机构,不构成任何投资建议,亦不代表平台观点,请投资人独立判断和决 策。) Wind数据显示,截至最新,银行AH指数股息率为4.70%。 资金方面,各路资金积极增持银行板块。一方面,多家银行股东、高管积极增持,光大银行、南京银 行、华夏银行、苏州银行等发布增持公告。多 ...
产业资本出手!多家银行获股东、高管增持,17家银行中期分红超2300亿元
Ge Long Hui· 2025-09-18 11:33
Core Viewpoint - The banking sector is experiencing a downturn with significant declines in stock prices, while the technology sector remains strong. The banking AH index and the CSI banking index have both dropped over 13% since July 11, leading to a breach of the 120-day moving average for the first time in a year [1]. Group 1: Stock Performance and Dividend Yield - As bank stocks continue to decline, the dividend yield for the banking AH index has risen to 4.6%, suggesting potential value for investors [3][10]. - The banking AH index is currently valued at 0.69 times PB, indicating a certain level of investment attractiveness [10]. - The banking AH total return index has increased by 97.48% since January 1, 2019, outperforming the CSI banking total return index by over 10% and the CSI 300 total return index by 20.83% [10]. Group 2: Shareholder Activity - Several banks have reported shareholder increases, with Everbright Bank's controlling shareholder increasing their stake by 1.397 million shares, representing 0.02% of total shares, with an investment of 51.66 million yuan [4]. - Nanjing Bank received support from its major shareholder, Zijin Group, which increased its stake by approximately 5.678 million shares, raising its total holding from 12.56% to 13.02% [4]. - Other banks, including Huaxia Bank and Suzhou Bank, have also seen active participation from their directors and executives in increasing their holdings, reflecting confidence in future growth [4][5]. Group 3: Institutional Investment Trends - Insurance capital's holdings in the banking sector reached 28.24%, an increase of 1.04% from the previous quarter, although the market value held by insurance companies slightly decreased to 6.5% of the A-share market [6]. - Social security funds have also increased their holdings in the banking sector, with a rise to 51.71%, up 2.48 percentage points [7]. - Insurance companies have made 11 significant investments in listed banks this year, primarily in H-shares, indicating continued interest in the sector due to attractive dividend yields and stable performance [7]. Group 4: Dividend Distribution - As of September 17, 2025, 17 listed banks have announced a total dividend distribution of 237.54 billion yuan for the mid-year, with Industrial and Commercial Bank of China leading with a total dividend of 50.396 billion yuan [8][9]. - Other major banks, including China Construction Bank and Agricultural Bank of China, have also announced substantial dividends, further enhancing the stability and sustainability of bank stock dividends [8].
A50直线跳水,银行股全线下跌,A股成交额超3万亿
Market Overview - On September 18, the major indices in the A-share market experienced a decline, with the ChiNext Index falling by 1.64%, the Shanghai Composite Index down by 1.15%, and the Shenzhen Component Index decreasing by 1.06% [1] - The total trading volume for the day was 3.17 trillion yuan, compared to 2.4 trillion yuan the previous day [1] Stock Performance - The FTSE China A50 Index futures saw a decline of 1.44%, with over 4,300 stocks in the market experiencing a drop [3] - The banking sector faced a significant downturn, with major banks like Agricultural Bank of China and China Construction Bank dropping over 2% and 1% respectively [5] - Conversely, the robotics sector showed strong performance, with stocks like Shoukai Co. hitting the daily limit for 12 consecutive days [3] Banking Sector Insights - The banking sector has seen a continuous decline, with the AH Index and the China Securities Banking Index both dropping over 13% since July 11 [6] - As of September 17, the dividend yield for the banking AH Index rose to 4.6%, indicating a potential opportunity for investors [8][16] - Several banks have reported shareholder increases, with notable actions from major shareholders like Everbright Group and Zijin Trust [10][11] Dividend Distribution - By September 17, 17 listed banks announced a total dividend of 237.54 billion yuan for the mid-year of 2025, with Industrial and Commercial Bank of China leading with a dividend of 50.396 billion yuan [14][15] - The trend of increasing dividends reflects confidence in the banks' future development and long-term investment value [11] Institutional Investment Trends - Insurance funds have increased their holdings in the banking sector, reaching a position of 28.24% as of the second quarter of 2025, while social security funds also raised their holdings to 51.71% [13] - The banking sector's low valuation and stable dividends continue to attract institutional investors, particularly those seeking steady returns [13][17]
A50直线跳水,银行股全线下跌,A股成交额超3万亿
21世纪经济报道· 2025-09-18 07:51
Market Overview - On September 18, the major indices in the A-share market experienced a decline, with the ChiNext Index falling by 1.64%, the Shanghai Composite Index down by 1.15%, and the Shenzhen Component Index decreasing by 1.06% [1][2] - The total trading volume for A-shares reached 3.17 trillion yuan, an increase from the previous day's 2.4 trillion yuan [1] Sector Performance - The FTSE China A50 Index futures saw a decline of 1.44%, with over 4,300 stocks in the market experiencing a drop [3] - The robotics sector continued its strong performance, with stocks like Shoukai Co. hitting the daily limit up for 12 consecutive days [3] - The semiconductor industry showed resilience, with SMIC reaching a historical high, while the metals sector faced significant declines [3] Banking Sector Analysis - The banking sector faced a broad decline, with major banks like Agricultural Bank of China dropping over 2% and others like China Merchants Bank and Bank of China falling more than 1% [5][6] - The AH Index for banks has seen a drop of over 13% since July 11, marking a significant decline [6] Shareholder Activity - Several listed banks have reported shareholder increases, with the AH Index dividend yield rising to 4.6% as of September 17 [9][17] - Notable increases include Everbright Bank's major shareholder increasing their stake by 1.397 million shares, and Nanjing Bank receiving support from its major shareholder, Zijin Trust, which increased its holdings by approximately 56.78 million shares [11][12] Dividend Distribution - As of September 17, 17 listed banks announced mid-year dividend plans totaling 237.54 billion yuan, with Industrial and Commercial Bank of China leading with a dividend of 50.396 billion yuan [15][16] - The trend indicates a strengthening of dividend policies among banks, reflecting confidence in future growth [12][13] Institutional Investment Trends - Insurance funds have increased their holdings in the banking sector, with a reported 28.24% allocation as of the second quarter of 2025, while social security funds also raised their positions [14] - The banking sector remains attractive for institutional investors due to its stable dividend yields and low valuations [14]
股东、险资、社保集体增持银行股!银行AH指数股息率回升至4.6%
截至发稿,7月11日以来,银行AH指数、中证银行指数跌幅均超过13%,银行板块时隔一年再度跌破 120日均线。 随着银行股持续下跌,股息率再度回升,截至9月17日,银行AH指数股息率回升至4.6%。 近期,已有多家上市银行获得股东增持。与此同时,相关ETF也吸引资金布局,银行AH优选ETF (517900)在9月17日获净流入近1200万元。 多家上市银行获股东增持 科技股大热之际,银行板块遭遇连续回调。9月18日,银行股全面下跌,农业银行跌超2%,常熟银行、 邮储银行、建设银行、招商银行、中国银行等跌超1% 9月11日,光大银行与南京银行同日披露了股东增持的最新进展。 光大银行方面,其控股股东光大集团自今年4月公布增持计划以来,已在12个月内累计增持该行A股股 份1397万股,占总股本的0.02%,投入资金达5166.10万元。该增持计划原定金额介于0.5亿元至1亿元之 间。 南京银行则获大股东紫金集团旗下紫金信托的支持。在7月18日至9月10日期间,紫金信托以自有资金增 持南京银行约5678万股,占总股本的0.46%。增持后,紫金集团与紫金信托合计持股比例由12.56%提升 至13.02%。 除控股股东外 ...
金管局:银行净利润环比回升,趋势性下行态势扭转!银行AH优选ETF(517900)年内“吸金”9.7亿元
Ge Long Hui· 2025-08-19 10:51
Core Insights - The Hong Kong Monetary Authority (HKMA) reported a 1.2% year-on-year decline in net profit growth for commercial banks in the first half of 2025, but a 1.1% quarter-on-quarter increase, indicating a halt in the downward trend observed since Q4 2023 [1][10] - Jiangyin Bank reported double-digit growth in both operating income and net profit for the first half of 2025, with seven listed banks having disclosed their interim reports or performance forecasts so far [1][10] - Longjiang Securities noted that the dividend yield of major banks remains significantly higher than government bond yields, with the average dividend yield for six major state-owned banks at 3.96% compared to a 221 basis point spread over the 10-year government bond yield [1][11] Banking Sector Performance - The Bank AH Index has shown a cumulative increase of 90.10% since its inception on December 6, 2017, with returns attributed to profit growth and dividends rather than valuation expansion [6][8] - The Bank AH ETF (517900) has attracted significant investor interest, with a net inflow of 970 million yuan and a 745% increase in shares year-to-date, leading the growth among bank-themed ETFs [1][11] Financial Metrics - As of August 15, 2025, the average dividend yield for H-shares is 5.14%, indicating a more pronounced yield spread compared to A-shares [1][11] - The performance of various banks in terms of operating income and net profit for the first half of 2025 includes: - Shanghai Pudong Development Bank: Operating income of 90.56 billion yuan, net profit of 29.74 billion yuan - Ningbo Bank: Operating income of 37.16 billion yuan, net profit of 14.77 billion yuan - Hangzhou Bank: Operating income of 20.09 billion yuan, net profit of 11.66 billion yuan [10] Market Outlook - Longjiang Securities anticipates a marginal improvement in profit growth for the banking sector in the first half of 2025, with expectations for a gradual recovery in retail credit demand supported by timely policy measures [11] - The Bank AH Index's price-to-earnings ratio (PE-TTM) reflects a favorable valuation environment for banks, particularly those with low valuations and potential catalysts [11]
银行净利润增速现拐点,股息相对国债收益率利差明显
Sou Hu Cai Jing· 2025-08-19 01:18
资料显示,银行AH指数采用AH价格优选月度证券类别转换策略,目前共有42只成份券。截至最新,港 股银行股14只,权重35%,A股银行股28只,权重65%。银行AH优选ETF(517900)已纳入两融标的, 可满足更多样化的投资需求。 来源:金融界 长江证券指出,目前大行股息率相比国债收益率仍有明显利差。近期股价回调带动股息率上行,同时市 场风险偏好回升,无风险利率上行,截至8月15日,六大国有行A股平均股息率3.96%(考虑财政注资摊 薄后),相较10年期国债收益率利差221BP,H股平均股息率5.14%,利差更突出。 市场唯一可投港股的银行主题ETF——银行AH优选ETF(517900)受资金高度关注,截至8月18日,该 ETF年内获资金净流入合计9.7亿元,份额增幅达745%,增速在银行类ETF中位居第一。 2025年8月15日,金管局公布2025年上半年银行业主要监管指标情况。截至上半年末,商业银行净利润 同比增速下滑1.2%,环比增长1.1%,终止了2023年四季度以来的趋势性下行态势。 中报方面,上周江阴银行发布半年报,营业收入、归母净利润均取得双位数增长。截至目前,已有7家 上市银行披露中报或业绩 ...
多家银行净利润双位数增长,资金驱动估值或仍有修复空间
Ge Long Hui· 2025-08-12 10:42
8月7日晚间,常熟银行率先披露"期中考"成绩单,上半年实现营业收入60.62亿元,同比增长10.1%;归母净利润19.69亿元,同比增长13.51%。在此之前, 杭州银行、宁波银行、齐鲁银行、青岛银行、浦发银行也已发布中报业绩预告,其中多家银行归母净利润同比增幅达两位数。 天风证券指出,今年以来,中长期资金入市等多项红利政策鼓励险资入市,显著增加险资对银行股的配置需求。银行股行稳致远,在高股息行业中优势突 出。 市场唯一可投港股的银行主题ETF——银行AH优选ETF(517900)受资金高度关注,截至8月11日,该ETF年内获资金净流入合计9.37亿元,份额增幅达 719%,增速在银行类ETF中位居第一。 资料显示,银行AH指数采用AH价格优选月度证券类别转换策略,目前共有42只成份券。截至最新,港股银行股14只,权重35%,A股银行股28只,权重 65%。银行AH优选ETF(517900)已纳入两融标的,可满足更多样化的投资需求。 | 银行AH全收益 | 中证银行全收益 | 沪深300全收益 | 恒生指 | | --- | --- | --- | --- | | 20. 76% | 18. 89% | 7. ...
债券增值税恢复征收,险资继续增配银行股?
Ge Long Hui· 2025-08-06 10:34
Group 1 - The core viewpoint of the article is the announcement by the Ministry of Finance and the State Taxation Administration to resume the collection of value-added tax on interest income from government bonds, local government bonds, and financial bonds starting from August 8, which is expected to impact the attractiveness of high-dividend assets [1][3] - The new tax regulation is anticipated to decrease the after-tax yield of bond investments, thereby slightly enhancing the relative appeal of high-dividend assets, particularly in the banking sector [3][6] - Insurance capital is likely to shift towards investment products with better tax advantages or higher returns, reinforcing the trend of "tax-exempt assets + high-dividend equities" in their investment strategy [3][8] Group 2 - Bank stocks are seen as suitable for insurance capital allocation due to their high dividend yields, with major state-owned banks maintaining yields above 5% [6][10] - The implementation of the new financial instrument standards (IFRS 9) has led insurance capital to prefer including bank stocks in their FVOCI accounts, allowing for stable dividend income while mitigating the impact of stock price fluctuations on profit statements [7][8] - The shift in regulatory assessment standards for insurance companies towards long-term evaluations encourages a preference for holding high-dividend bank stocks rather than frequent trading [8][10] Group 3 - The insurance sector's holdings in bank stocks have increased significantly, with a reported market value of 265.78 billion yuan, representing a 45.05% share of their total holdings [8][10] - The trend of rising premium income from dividend insurance products since 2024 is expected to further enhance insurance capital's allocation to bank stocks [10][14] - The Bank AH Index, which includes both A-shares and H-shares of banks, has shown a cumulative increase of 96.57% since its inception, outperforming the broader banking index [14][16]