CITIC Securities pointed out that looking back at the second quarter of 2026, the banking sector continued to adjust its trend: on the one hand, the sector continued to be affected by continued large-scale redemptions of broad-based ETFs such as the Shanghai and Shenzhen 300, and on the other hand, the market style in the second quarter was extreme. The banking sector continued to weaken under the “seesaw” effect of capital, and the share of bank stocks in active fund holdings fell to a historical low of 1.01%. Since July, the market style has been rebalanced, and the performance of the banking sector has clearly picked up. Net inflows of southward shareholding and passive capital have simultaneously recovered. Institutional holdings are also expected to bottom out and rebound. The sector has multiple resonance effects of market style, capital improvements, and stable operating expectations. Looking at investment strategies, a stable business pattern helps the style continue. In the context of market stability, the sector continues to be active in terms of capital, and high deterministic value consolidates long-term absolute profit space.

CITIC Securities pointed out that looking back at the second quarter of 2026, the banking sector continued to adjust its trend: on the one hand, the sector continued to be affected by continued large-scale redemptions of broad-based ETFs such as the Shanghai and Shenzhen 300, and on the other hand, the market style in the second quarter was extreme. The banking sector continued to weaken under the “seesaw” effect of capital, and the share of bank stocks in active fund holdings fell to a historical low of 1.01%. Since July, the market style has been rebalanced, and the performance of the banking sector has clearly picked up. Net inflows of southward shareholding and passive capital have simultaneously recovered. Institutional holdings are also expected to bottom out and rebound. The sector has multiple resonance effects of market style, capital improvements, and stable operating expectations. Looking at investment strategies, a stable business pattern helps the style continue. In the context of market stability, the sector continues to be active in terms of capital, and high deterministic value consolidates long-term absolute profit space.