金吾财讯 | 国泰海通证券研究指，6月17日上午，2026陆家嘴论坛正式启幕，中国人民银行，金融监督管理总局，证监会主要领导均作出重要讲话，并在券商、保险与金融科技领域均有重要政策部署。而本次政策预计对券商投融两端均产生显著影响，保险以严监管防风险为核心导向，数币场景与期货品种有望丰富。25年社融增量中，债券与股票占比首次超过贷款，中国金融结构正在发生深刻变化。“两创板”改革扩容、主动ETF等产品落地将带动资管与财富管理业务扩容，非银流动性支持工具与资本市场监管规则也将进一步夯实行业经营稳定性；保险领域以严监管规范行业竞争、推动价值转型；多元金融层面，数字人民币离岸应用场景加速拓展，人民币国债期货等工具落地，将持续释放跨境支付、期货业务的发展需求。
该机构称继续看好券商板块，投资端与融资端双向共振，财富管理、国际业务和科创跟投获政策支持。头部险企在防风险背景下韧性更强，更加看好获政策支持的多元金融相关标的。
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