1月13日，大盘冲高回落，银行板块逆市活跃，截至收盘，宁波银行涨超4%，杭州银行涨超3%，中信 银行、渝农商行涨超2%，南京银行、农业银行、建设银行等涨幅居前。顶流银行ETF（512800）场内 价格一度涨逾1%，收涨0.37%，站上5日线。 消息面上，2026年首份银行高管增持公告"出炉"，传递出对公司基本面与长期价值的坚定信心。1月12 日晚，渝农商行公告，公司部分董事、高管于2026年1月5日至1月7日期间以自有资金从二级市场买入该 行A股股票192，000股，涉资最高达123.26万元。 与此同时，南京银行公告，大股东紫金集团及其关联方于2025年9月11日至2026年1月12日增持该公司股 份123，472，060股，占公司总股本的1.00%。这也是该股东去年9月之后继续增持。 此外，险资继续"扫货"。平安人寿于1月8日公告称，于2025年12月31日达到招商银行H股股本的20%， 触发举牌；1月7日，平安人寿刚刚披露了举牌农业银行H股的公告。2025年全年险资举牌次数达41次， 创下近十年新高，其中银行股占比约四成，成为险资举牌的"绝对主角。"险资与股东的增持也成为助力 银行板块2025年较强表现 ...

12月25日，银行板块小幅回暖，个股多数飘红，截至发稿，瑞丰银行涨超2%，光大银行、中信银行、上海银行等涨幅居前。全市场规模最大的银行ETF （512800）场内价格现涨0.24%，站上5日线。 太平洋证券表示，当前银行板块估值较低，业绩改善趋势明确，基于市场风格轮动优势以及基本面持续改善等多重因素，银行重演上涨行情具有较高概率。 方正证券表示，看好银行基本面修复同资金面积极共振。一方面上市银行2026年营收、利润表现有望改善，将支撑板块低估值、高股息的优势进一步凸显； 另一方面，随监管持续指引中长期资金入市，险资等机构也有望持续加大银行板块配置规模，板块有望实现业绩、估值双升。 顺势而起，攻守兼备！银行ETF（512800）及其联接基金（A类：240019；C类：006697）被动跟踪中证银行指数，成份股囊括A股42家上市银行，是跟踪 银行板块整体行情的高效投资工具。银行ETF（512800）最新规模超130亿元，年内日均成交额超8亿元，为A股10只银行业ETF中规模最大、流动性最佳！ 数据来源：沪深交易所等。 风险提示：银行ETF被动跟踪中证银行指数，该指数基日为2004.12.31，发布于2013.7. ...

12月25日，银行板块小幅回暖，个股多数飘红，截至发稿，瑞丰银行涨超2%，光大银行、中信银行、 上海银行等涨幅居前。全市场规模最大的银行ETF（512800）场内价格现涨0.24%，站上5日线。 对于跨年前后的行情，机构认为仍需以结构性机会为主，预计呈现"政策预期驱动+盈利修复验证"双轮 驱动特征，可对科技与高股息板块进行"哑铃配置策略"。 有机构提示，岁末年初高股息往往有较高胜率。季节效应显示，年末投资者存在盈利兑现的偏好、叠加 险资"开门红"预期下对红利的配置需求，高股息风格或胜率较高。 经过前期回调，银行板块再度回到高性价比区间，估值、股息优势凸显。截至12月24日，银行ETF （512800）跟踪的中证银行指数市净率PB仅0.7倍，位于近10年41.29%分位点的低位区间；同期指数股 息率达4.95%，相较10年期国债收益率表征的无风险利率水平（1.84%）超额逾3个百分点。 太平洋证券表示，当前银行板块估值较低，业绩改善趋势明确，基于市场风格轮动优势以及基本面持续 改善等多重因素，银行重演上涨行情具有较高概率。 方正证券表示，看好银行基本面修复同资金面积极共振。一方面上市银行2026年营收、利润表现 ...

Core Viewpoint - The banking sector in A-shares has shown a collective rebound, with significant gains in multiple bank stocks, indicating a positive market trend and potential for further growth in the sector [1][7]. Group 1: Market Performance - On December 18, 36 out of 42 bank stocks in A-shares rose by over 1%, with Shanghai Bank and Chongqing Rural Commercial Bank increasing by more than 3% [1]. - The largest bank ETF (512800) saw a price increase of 1.85%, recovering key moving averages, and recorded a trading volume exceeding 1.1 billion yuan, indicating a strong market interest [1][7]. - The banking sector's PB valuation has improved from a low of 0.5 times in 2022 to 0.7 times, while the PE ratio remains at a relatively low 40th percentile over the past decade [3][9]. Group 2: Future Outlook - Many institutions are optimistic about the banking sector's performance in 2026, anticipating a positive macroeconomic policy environment that will drive high-quality development and performance recovery [4][10]. - Strategic capital from insurance funds, asset management companies, and industrial capital is expected to continue increasing, supporting the long-term value reassessment of bank stocks [4][10]. - Estimates suggest that the valuation center for the banking sector could rise by 15%-20% by 2026, with a recommendation to seize the investment window at the end of the year [4][10]. Group 3: Investment Tools - The bank ETF (512800) and its linked funds are efficient investment tools that track the overall performance of the banking sector, with a current scale exceeding 13.6 billion yuan and an average daily trading volume of over 800 million yuan [5][11].

Group 1 - The banking sector showed strength on December 18, with 39 out of 42 bank stocks rising, led by China Construction Bank which increased by over 2% [1] - The largest bank ETF (512800) saw its price rise nearly 1% during trading, currently up 0.74% [1] Group 2 - The Financial Supervision Administration announced a reduction in risk factors for insurance companies holding stocks from the CSI 300 and the CSI Low Volatility 100 indices, from 0.3 to 0.27 for holdings over three years [3] - This adjustment aims to enhance the long-term investment management capabilities of insurance companies and is expected to increase capital allocation to the A-share market, particularly in the banking sector, with a potential inflow of up to 214.61 billion yuan [3] - According to a report by China International Capital Corporation, the banking sector is transitioning from a "cyclical game" to a "configuration dividend" phase, with high dividend investment becoming a core strategy [3] - The report forecasts that the valuation of the banking sector could increase by 15%-20% by 2026, suggesting a favorable investment window at the end of the year [3] Group 3 - The bank ETF (512800) and its linked funds are designed to track the performance of the CSI Bank Index, which includes 42 listed banks in A-shares, making it an efficient investment tool for the banking sector [4] - The bank ETF has a high trading volume, with an average daily turnover exceeding 800 million yuan this year, making it the largest and most liquid among the 10 bank ETFs in A-shares [4]

12月18日，银行盘中走强，截至发稿，42只银行股39涨3平，建设银行领涨超2%，上海银行、苏州银 行、厦门银行等10股涨逾1%。全市场规模最大的银行ETF（512800）场内价格一度涨近1%，现涨 0.74%。 消息面上，金融监督管理总局发布《关于调整保险公司相关业务风险因子的通知》，明确保险公司持仓 时间超过三年的沪深300指数成分股、中证红利低波动100指数成分股的风险因子从0.3下调至0.27。 本次调整旨在引导保险公司提高长期投资管理能力、充分发挥险资作为耐心资本的作用，同时资本金释 放有望拓展A股权益投资尤其是银行板块配置空间。根据银河证券测算，根据目前保费收入，考虑30% 投资A股，若全部投资上述两指数，理论上流入银行板块最大资金规模为2146.11亿元。 中金公司最新研报表示，金融体系高质量发展背景下，银行板块正从"周期博弈"转向"配置红利"新阶 段，高股息投资范式已成为核心主线。报告明确提出，银行股的绝对收益与相对收益表现有望持续跑赢 市场，资金配置需求将成为主要驱动力。 展望2026年，中金公司指出，银行板块估值中枢有望上移15%-20% ， 建议把握岁末年初的配置窗口 期。 顺势而起，攻 ...

Wind数据显示，截至12月8日，共有32家A股上市银行宣布（拟）实施2025年中期或三季度分红，较2024年增加8家，其中9家为首次实施；26家银行已披露 具体利润分配方案，合计派息金额2645.66亿元，同比增长2.55%，平均分红率24.9%。 国盛证券认为，中期分红方案集中落地，显示上市银行盈利稳定性与资本充足韧性兼具；在监管持续引导提高投资者回报的背景下，高分红政策既提振市场 信心，也强化了银行板块在低利率环境下的防御价值与中长期配置吸引力。 12月10日，银行短线走弱，42只银行股除上海银行外全线飘绿，招商银行领跌逾3%，农业银行跌超2%，建设银行、交通银行、工商银行跌逾1%。全市场规 模最大的银行ETF（512800）场内价格现跌1.82%。 顺势而起，攻守兼备！银行ETF（512800）及其联接基金（A类：240019；C类：006697）被动跟踪中证银行指数，成份股囊括A股42家上市银行，是跟踪 银行板块整体行情的高效投资工具。银行ETF（512800）交投活跃，年内日均成交额超8亿元，为A股10只银行业ETF中规模最大、流动性最佳！ 数据来源：沪深交易所等。 风险提示：银行ETF被动跟踪中 ...

12月首个交易日，银行板块低开高走，午后单边向上。截至收盘，A股42只银行股37股收涨，厦门银行 领涨逾5%，张家港行涨超4%，齐鲁银行涨超3%，南京银行、沪农商行等4股涨逾2%。全市场规模最大 的银行ETF（512800）场内价格收涨0.72%，站上5日、10日线，全天成交额10.8亿元，环比小幅放量。 | 分时 零日 1分 * 绿合屏 F9 前震权 超级盘加 面式 工具 @ (2 > | | | 银行ETF ① | | | --- | --- | --- | --- | --- | | 512800.SH 银行ETF] 2025/12/01 收 0.842 幅0.72%(0.006) 开0.833 高 0.84回 | 0.842 +0.006 +0.72% | | 512800 | | | MAS 0.8411 MA10 0.8411 MA20 0.8411 MA60 0.8227 MA120 0.0411 MA2602 T = | SSE CNY 15:00:17 闭市 查看L2全景 | | | 第二十二 | | 115017 | 净值走势宝中让银行ET | ਟੇਸ਼ੇ 13.34% 120日 | | ...

Core Viewpoint - The banking sector has shown a strong performance recently, with several banks reaching new highs in stock prices, indicating a resurgence in investor interest and confidence in the sector [1][5]. Group 1: Stock Performance - China Bank closed up 3.81%, marking its largest single-day gain in nearly a year and reaching a historical high [1]. - Other banks such as Everbright Bank and Ping An Bank also saw increases of nearly 2%, while six other banks rose over 1% [1][2]. - The China Securities Bank Index has accumulated a rise of over 8% since October, outperforming the broader market by 13 percentage points [3][4]. Group 2: ETF and Investment Trends - The largest bank ETF (512800) saw its price rise by 0.96%, recovering above key moving averages, indicating a strong medium to long-term trend [2][3]. - The bank ETF's scale reached a peak of 20.615 billion yuan, reflecting a significant increase in investor allocation [6]. - The high dividend yield and low valuation of bank stocks have made them attractive in the current low-interest-rate environment, enhancing their defensive appeal [5]. Group 3: Dividend Expectations - A total of 26 listed banks have announced a combined dividend amount of approximately 264.6 billion yuan for the 2025 fiscal year, with over 20 billion yuan still to be distributed [5]. - The upcoming mid-term dividend period is expected to sustain the buying momentum in bank stocks, as historical trends suggest a favorable market response during this time [5].

Core Viewpoint - The banking sector in A-shares is experiencing a strong rebound, with significant gains in major bank stocks and ETFs, driven by upcoming dividend distributions and favorable market conditions [1][2]. Group 1: Market Performance - As of November 19, the A-share banking ETF (512800) rose by 1.2%, recovering above the 5-day, 10-day, and 6-month moving averages [1]. - Major banks such as Bank of China, Bank of Communications, and China Everbright Bank saw increases of over 2% and 1% respectively, with Bank of China reaching a historical high [1]. Group 2: Dividend Distribution - A total of 26 listed banks have announced mid-term dividend plans for 2025, with a combined proposed distribution amounting to approximately 264.6 billion yuan, leaving over 200 billion yuan in dividends yet to be distributed [2]. - The four major state-owned banks have set their dividend record dates for December 10 and 12, which is about a month earlier than previous years [2]. Group 3: Investment Sentiment - Analysts believe that the high dividend policies will boost market confidence and enhance the defensive value of bank stocks in a low-interest-rate environment, encouraging long-term investment in the banking sector [2]. - The recent rally in the banking sector is attributed to a shift in market investment style, with expectations of continued buying ahead of the mid-term dividend distributions [2]. Group 4: ETF Overview - The banking ETF (512800) has a fund size of approximately 20 billion yuan and an average daily trading volume exceeding 800 million yuan, making it the largest and most liquid among A-share banking ETFs [3].