消息面上，11月19日，中国农业发展银行与中国建设银行股份有限公司在京签订全面合作协议。双方采 用"总行+分行"签约形式，13家分行同步签约。根据协议，双方将进一步在金融市场、银团贷款、咨询 业务等领域开展深入合作。 据智通财经，"过去依靠规模扩张的阶段已经结束，中国银行业已迈入转型升级、价值创造的新阶 段。"招商银行行长王良在11月19日举办的2025深圳国际金融大会上如是说。王良表示，当前我国银行 业已经站在转型升级的"十字路口"，银行业需要将国家所需、行业所向、客户所愿和自身所能紧密结合 起来，加快转型升级，全面提升服务中国式现代化和建设金融强国的能力。 11月21日，银行板块早盘活跃，中证银行指数截至发稿跌0.20%，成分股中，中国银行一度涨超2%，续 创历史新高，南京银行、工商银行、厦门银行、长沙银行等跟涨，西安银行跌近2%。 相关ETF中，银行ETF天弘（515290）走势震荡，截至发稿成交额超5000万元。 银行ETF天弘（515290，场外C类001595）打包A股42家上市银行，覆盖国有大行、股份行、城商行全 链条，布局银行整体板块行情。 申万宏源表示，我们重申聚焦"龙头搭台+底部股份行、优 ...

11月20日，市场早盘高开低走，银行板块逆势走强，中国银行、工商银行均续创历史新高。 相关ETF中，银行ETF天弘（515290）早盘收涨冲击二连阳，半日成交额超5500万元。成分股中，中国 银行涨超5%，股价续创历史新高，建设银行、邮储银行等跟涨。 Wind数据显示，截至11月19日收盘，银行ETF天弘（515290）最新规模为62.12亿元。 银行ETF天弘（515290，场外C类001595）打包A股42家上市银行，覆盖国有大行、股份行、城商行全 链条，布局银行整体板块行情。 消息面上，据潮新闻，11月19日，浙商银行与阿里巴巴集团在杭州举行战略合作签约仪式。未来，双方 将依托各自在金融与"云+AI"领域的优势，深化科技创新合作，共同推动金融服务智能化升级，构建开 放共赢的金融科技生态。 此外，银行扎堆入驻小红书，解锁营销新路径。据证券日报不完全统计，目前，银行总行、业务部门或 分支机构在小红书开设的官方账号已超过65个。 申万宏源认为，站在当下，我们更为坚定地看好银行板块正处于长牛修复的起点。银行开启盈利稳定新 周期，长线资金入市仍是进行时，看好银行。若明年是PPI逐步转正、长端利率边际上行的宏观环境 ...

Group 1 - The A-share market showed a positive trend on November 19, with the banking index rising by 0.93% [1] - The Tianhong Bank ETF (515290) recorded a trading volume exceeding 35 million yuan, indicating strong investor interest [1] - Major banks such as Bank of China, Everbright Bank, and Postal Savings Bank saw their stock prices increase by over 2% [1] Group 2 - As of November 18, the Tianhong Bank ETF had a total scale of nearly 6.2 billion yuan, covering 42 listed banks across various categories [2] - There has been significant insider buying in regional banks this year, with several banks announcing plans for share buybacks in November [2] - Securities firms noted that the profit growth rate for listed banks improved in Q3, driven by reduced provisioning, stabilized net interest margins, and improved wealth management income [2]

Group 1 - The bank ETF Tianhong (515290) has seen a year-to-date share growth rate of 39.92%, with the latest scale at 6.291 billion and circulating shares at 4.145 billion [1] - The Hong Kong Stock Connect Central Enterprise Dividend ETF Tianhong (159281) has experienced net inflows for two consecutive trading days, indicating strong investor interest [1] - The performance of the dividend sector, including banks, has been strong, with major banks like Agricultural Bank of China showing significant stock price increases [2] Group 2 - The six major state-owned banks reported double growth in revenue and net profit for the first three quarters of the year, with net profits for major banks ranging from 699.94 million to 2,699.08 million, reflecting a year-on-year growth of 0.33% to 3.03% [2] - The banking sector's performance is supported by stable growth in scale, improved net interest income, and a recovery in non-interest income, with asset quality remaining stable [3] - The policy environment is conducive to optimizing bank credit structures and protecting interest margins, which enhances the growth potential for non-interest income [3]

Group 1 - The banking sector showed resilience with Agricultural Bank of China reaching a historical high, and the CSI Bank Index rising by 1.26% as of the report time [1] - Notable performers included Chongqing Rural Commercial Bank and Agricultural Bank of China, both increasing by over 3% [1] - The Tianhong Bank ETF (515290) recorded a trading volume exceeding 50 million yuan, with a net inflow of 1.847 billion yuan year-to-date as of November 11 [1] Group 2 - The People's Bank of China released the "2025 Q3 Monetary Policy Execution Report," indicating a solid foundation for achieving annual targets and plans for a moderately accommodative monetary policy [2] - CITIC Securities projected a strong motivation for long-term capital from insurance funds, state-owned teams, and public funds to increase allocations in the banking sector [2] - The domestic banking sector is expected to continue stabilizing, with a focus on high dividend strategies and attention to undervalued stocks with potential changes [2]

Group 1 - The domestic commodity futures market showed mixed results, with the shipping index (European line) rising over 3% and lithium carbonate dropping over 4% [1] - The China convertible bond index closed down 0.67%, with notable gainers including Zhongneng Convertible Bond and Zhenhua Convertible Bond, which rose 13.15% and 9.57% respectively [1] - The ETF market had varied performances, with the Asia-Pacific Selected ETF leading gains at 2.35%, while the Nikkei 225 ETF fell by 5.76% [1] Group 2 - UBS Securities expressed a positive mid-term outlook for the A-share market, suggesting that growth style remains the main investment theme, with the ChiNext board showing a favorable risk-reward ratio [2] - In the context of AI investments, Invesco's Chief Global Market Strategist noted that the potential of AI is undeniable, but the ultimate winners in the sector will take time to identify, recommending a diversified investment approach [2] - CICC highlighted that the market's upward trend is likely to continue, with structural highlights in sectors such as AI computing power, machinery, automotive, and innovative pharmaceuticals [2] Group 3 - The Chief Economist of AVIC Securities indicated that external risks are easing, leading to improved market risk appetite, and suggested a balanced investment approach focusing on themes like smart technology and aerospace [3] - The recent announcement regarding gold tax policies aims to encourage on-site gold trading by clarifying distinctions between investment and non-investment uses [2]

Group 1 - A-shares showed mixed performance on November 4, with the Shanghai Composite Index turning positive [1] - The Tianhong Bank ETF (515290) rose by 1.83%, with a peak increase of 1.9% during the trading session, and a trading volume of 227 million yuan [1] - Among the constituent stocks, Xiamen Bank increased by over 5%, while several other banks including Shanghai Bank, CITIC Bank, and China Merchants Bank saw gains exceeding 2% [1] Group 2 - The Tianhong Central State-Owned Enterprise Dividend ETF (159281) in the Hong Kong market rose by 0.49%, with a trading volume exceeding 28 million yuan [1] - The ETF tracks the Central State-Owned Enterprise Dividend Index, focusing on sectors with stable cash flows such as finance and energy, making it attractive during a declining interest rate cycle [1] - The first batch of four foreign banks in Shanghai has successfully connected to the national small and micro enterprise credit information sharing platform, with a second batch expected by October 2025 [2] Group 3 - The People's Bank of China has renewed a bilateral currency swap agreement with the Bank of Korea, with a scale of 400 billion yuan / 70 trillion won, valid for five years [2] - Core revenue for listed banks improved in Q3 2025, with a slight slowdown in growth rate and a narrowing decline in interest margins, while asset quality remained stable [2] - Market style shifted in Q3 2025, with bank stock holdings dropping to historical lows, yet the core revenue capacity of the banking sector showed enhancement [2]

10月23日，三大指数集体下跌，银行板块逆势上涨，中证银行指数(399986.SZ)上涨0.85%，该指数成分 股中，邮储银行上涨超2%，青岛银行与江阴银行等9只上涨超1%，民生银行与交通银行等11只上涨近 1%。值得注意的是，农业银行继续走强现涨近1%，9月25日以来走出15连阳累计涨幅近25%，总市值逼 近2.9万亿元。 相关ETF方面，银行ETF天弘（515290）涨0.67%，成交额为957.31万元。资金流向方面，截至10月22 日，近5个交易日累计净流入额为3.15亿元。该ETF最新流通份额为47.98亿份，最新流通规模为71.28亿 元。 据证券日报，9月30日，浦发银行公告，东方资产"及其控制的一致行动人通过二级市场购入普通股及可 转债转股的形式增持该行股份。在此之前，信达投资也借助可转债转股增持浦发银行股份。实际上，年 内AMC布局银行股动作频频。除了上述东方资产增持浦发银行外，年内获AMC增持的还有光大银行、 中国银行。 中信证券研报表示，复盘历史，2025年第四季度或成为红利股底部布局、获取超额收益的关键时点之 一，目前基本面悲观预期或已充分反映，且A股高速公路龙头重新回到5%左右的股息 ...

Group 1 - The A-share market experienced a collective adjustment on October 22, with the Tianhong Dividend Low Volatility ETF (159549) showing a slight increase of 0.16% during trading [1] - The Tianhong Dividend Low Volatility ETF has attracted over 81 million yuan in net inflows over the past five trading days, with a latest circulation scale of 3.984 billion yuan and 3.273 billion shares, ranking first among similar products [1] - The Tianhong Bank ETF (515290) also saw a rise of 0.34% and recorded a trading volume exceeding 100 million yuan, indicating active trading [1] Group 2 - The Tianhong Dividend Low Volatility ETF closely tracks the CSI Dividend Low Volatility 100 Index, which selects 100 stocks from the A-share market based on liquidity, continuous dividends, high dividend yield, and low volatility [2] - In the context of increasing market volatility, sectors such as banking and coal have shown stable performance, with the CSI Dividend Index rising by 0.74% on October 20 [2] - Recent data indicates that over 4.2 billion yuan flowed into dividend-themed ETFs last week, as investors sought refuge in bank and coal ETFs [2]

Group 1 - The three major indices collectively declined on October 17, while the banking sector rose against the trend, with the China Securities Bank Index increasing by 0.17% [1] - Among the constituent stocks of the bank index, Qingdao Bank and Xiamen Bank rose over 2%, while Jiangyin Bank, Zhangjiagang Bank, and China Construction Bank increased by over 1% [1] - The Agricultural Bank of China has been approved to acquire Zhejiang Yongkang Nongyin Village Bank and establish three branches, marking its second approval for "village to branch" reform this year [2] Group 2 - The Agricultural Bank of China aims to provide over 5 trillion yuan in financing to various manufacturing entities over the next three years to support new industrialization [1] - The People's Bank of China reported that the social financing scale stock was 437.08 trillion yuan as of September 2025, reflecting a year-on-year growth of 8.7% [2] - Citic Securities indicated that the fourth quarter of 2025 may be a key time for bottom-fishing in dividend stocks, with current pessimistic expectations already reflected in the fundamentals [3]