On February 4th, the banking sector opened lower but climbed higher, demonstrating strength throughout the trading session with individual stocks collectively advancing. By the market close, nearly 90% of the 42 A-share bank stocks had gained over 1%. Bank of Ningbo Co.,Ltd. and Xiamen Bank Co.,Ltd. led the charge with increases exceeding 3%, while Bank of Qingdao Co.,Ltd., Qilu Bank, and others like Bank of Changshu, Bank of Hangzhou Co.,Ltd., and China Merchants Bank also posted significant gains.
The largest bank ETF by market scale (512800) saw its on-market price close up 1.43%, successfully reclaiming two key moving averages, the 5-day and 10-day lines. The fund recorded a total turnover of 757 million yuan for the day.
Taking a longer-term perspective, following a two-month correction, the valuation and dividend yield of the banking sector have once again entered a highly attractive range, prompting substantial capital inflows recently. Data from the Shanghai Stock Exchange reveals that the bank ETF (512800) attracted a net capital inflow of 1.148 billion yuan over the past ten trading days.
Returning to today's market performance, the robust showing of the banking sector appears to be driven by a combination of risk-off sentiment and positive earnings catalysts. On one hand, heightened market volatility has led to a decline in risk appetite and a short-term cooling of the market, pushing capital into a "safe-haven mode" and shifting funds from high-volatility sectors towards those with low valuations and high dividend yields.
On the other hand, the strength is also linked to the sector's solid earnings performance. To date, 10 out of the 42 A-share listed banks have released their 2025 preliminary earnings reports, all showing positive growth in net profit attributable to shareholders. Among these, 9 banks achieved growth in both revenue and net profit, with 3 reporting double-digit net profit growth. Bank of Qingdao Co.,Ltd. currently leads with a growth rate of 21.66%. Despite the broader industry challenges of declining interest rates and narrowing net interest margins, the banking sector overall is demonstrating a steady development trend.
Looking ahead, as a significant component of large-cap blue-chip stocks, banks, with their stable performance and attractive dividend yields, hold strong appeal for investors seeking steady returns. With continuous improvements in the fundamental health of the banking industry and a gradual restoration of market confidence, bank stocks are expected to maintain a favorable trend of valuation recovery.
The Bank ETF (512800) and its feeder funds (Class A: 240019; Class C: 006697) passively track the CSI Bank Index, which includes all 42 A-share listed banks, making it an efficient tool for tracking the overall performance of the banking sector. The Bank ETF (512800) currently boasts an asset size exceeding 12.2 billion yuan, with an average daily turnover of over 800 million yuan since the start of 2025, ranking it as the largest and most liquid among the 10 banking sector ETFs in the A-share market.
Data source: Shanghai & Shenzhen Stock Exchanges, Wind, etc. ETF fee information: When subscribing for or redeeming fund shares, subscription/redemption agents may charge a commission of up to 0.5%, which includes relevant fees charged by stock exchanges and registration institutions. Feeder fund fee information: The subscription fee (front-end load) for the Huabao CSI Bank ETF Feeder Fund (Class A) is 1,000 RMB per subscription for amounts of 2 million RMB (inclusive) or more; 0.6% for amounts between 1 million RMB (inclusive) and 2 million RMB; and 1% for amounts below 1 million RMB. The redemption fee is 1.5% for a holding period of less than 7 days; 0.5% for 7 days (inclusive) to 180 days; 0.25% for 180 days (inclusive) to 1 year; and 0% for 1 year (inclusive) or more. No sales service fee is charged. The Huabao CSI Bank ETF Feeder Fund (Class C) charges no subscription fee. The redemption fee is 1.5% for a holding period of less than 7 days and 0% for 7 days (inclusive) or more. The sales service fee is 0.4%.
Risk提示: The Bank ETF passively tracks the CSI Bank Index, which has a base date of December 31, 2004, and was launched on July 15, 2013. The index constituents are adjusted according to its compilation rules; past performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only and does not constitute investment advice in any form, nor does it represent the holdings or trading动向 of any fund managed by the management company. The fund manager has assessed this fund's risk等级 as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are solely responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; the past performance of a fund does not guarantee its future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Invest cautiously.
A MACD golden cross signal has formed, indicating positive momentum for these stocks!