核心观点1)本周非银板块整体表现较强。券商方面,本周中金公司发布换股吸收合并东兴、信达预案,行业供给侧改革再提速。此外市场交投整体仍维持历史高位,预计2025 年业绩维持高增趋势,建议关注板块后续配置价值;保险方面,金监局就《保险公司资产负债管理办法(征求意见稿)》公开征求意见。中长期来看三季报以来印证了存款搬家、增配权益和新单成本改善逻辑,中长期ROE 改善确定性进一步提升,估值有望加速修复,...
Source Link核心观点1)本周非银板块整体表现较强。券商方面,本周中金公司发布换股吸收合并东兴、信达预案,行业供给侧改革再提速。此外市场交投整体仍维持历史高位,预计2025 年业绩维持高增趋势,建议关注板块后续配置价值;保险方面,金监局就《保险公司资产负债管理办法(征求意见稿)》公开征求意见。中长期来看三季报以来印证了存款搬家、增配权益和新单成本改善逻辑,中长期ROE 改善确定性进一步提升,估值有望加速修复,...
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