On November 4, the banking sector extended its gains, with the heavyweight Bank ETF (512800) climbing 1.22% intraday, decisively breaking through the 60-day moving average and approaching the half-year line. All 42 A-share bank stocks advanced, led by China Merchants Bank (600036), Postal Savings Bank, and Bank of Shanghai, each rising over 2%.

Notably, the Bank ETF (512800) showed signs of a funding inflection point. Data from the Shanghai Stock Exchange revealed a substantial net inflow of 678 million yuan yesterday, reversing the previous outflow trend. Analysts attribute this shift to the Shanghai Composite Index surpassing 4,000 points and a concentration of positive catalysts at October’s end, which may intensify market rotation toward undervalued sectors like banking.

Additionally, Q3 reports indicated insurers continued accumulating bank stocks, with six insurers newly entering the top-10 shareholder lists of six A-share banks. Orient Securities highlighted that insurers’ dividend-driven allocations are expected to rise amid subdued risk appetite, while stabilizing net interest margins signal improving fundamentals—supporting relative outperformance for banks in Q4.

Bank ETF (512800) and its linked funds (Class A: 240019; Class C: 006697) track the CSI Bank Index, covering all 42 listed banks in China, offering efficient exposure to the sector. With assets exceeding 19.4 billion yuan and average daily turnover surpassing 800 million yuan, it remains the largest and most liquid banking ETF in A-shares.

Risk Disclosure: The ETF tracks the CSI Bank Index (base date: 2004-12-31; launched: 2013-07-15). Past index performance (2020–2024) does not guarantee future results. Constituent stocks are subject to index rules. Holdings and views expressed are not investment advice. Fund risk rating: R3 (moderate), suitable for balanced (C3) or higher-risk investors. Investment decisions carry inherent risks.