mspacmanarcade|金融行业周报：券商并购有望持续催化板块行情

Abstract: the A stock market declined as a whole last week (April 22 to April 26)MspacmanarcadeThe CSI 300 index rose 1.Mspacmanarcade.2%, up 4.46% for the whole year; the non-bank financial index rose 5.37% last week, down 1.08% for the whole year; the securities index rose 5.82% last week, down 2.87% for the whole year; and the insurance index rose 5.02% last week and 3.42% for the whole year. The banking index fell 1.09% last week and rose 14.28% for the whole year. Banks: continue to pay attention to the high dividend allocation value of banks. The State Council issued the report on the study and handling of opinions and the accountability for rectification and reform of the special report on the management of state-owned assets of financial enterprises. The report emphasizes the study and drafting of an action plan to strengthen the management of state-owned financial capital, and timely and rationally adjust the proportion of state-owned financial capital in banking, insurance, securities and other industries. Bank stocks dominated by high dividend strategy have advantages, focusing on large state-owned banks with high dividend stability, as well as some urban rural commercial banks with excellent risk control ability and performance superimposed with high dividend. Target: Changshu Bank (601128.SH), Zhejiang Merchants Bank (601916.SH), Hangzhou Bank (600926.SH). Brokers: continue to pay attention to the investment catalysis brought about by mergers and acquisitions in the industry. Guolian Securities plans to acquire the control of Minsheng Securities and raise supporting funds by issuing A-shares. The State Council report pointed out that efforts should be concentrated on building a "national team" of the financial industry and promoting the standardized development of non-bank financial institutions. Promote head securities companies to become stronger and better. We believe that M & An in the brokerage industry is still the main line of investment in 2024, the head securities firms are better and stronger through M & An and organizational innovation, and the industry characteristics of differentiated development and characteristic operation of small and medium-sized securities firms have been further verified. the M & An and restructuring of the securities plate will continue to ferment, the industry will continue to be catalyzed by M & An events, and pay attention to the guiding role of state-owned assets in the development of securities firms. Target of concern: Guolian Securities (601456.SH), Zhejiang Merchants Securities (601878.SH), founder Securities (601901.SH), Cinda Securities (601059.SH). Insurance: the quarterly report NBV is eye-catching, focusing on the fundamental reversal of listed insurance companies. Judging from the quarterly report of listed insurance companies in 2024, on the basis of last year's high base, listed insurance companies showed bright NBV performance in the first quarter, and continued to pay attention to the improvement effect of risk investment in the case of downward market interest rates. Focus on: Xinhua Insurance (601336.SH), Ping an of China (601318.SH). Risk hints: capital market reform risk; capital market volatility risk; performance below-expected risk; macroeconomic uncertainty risk; uncontrollable risk such as black swan; data statistical deviation risk. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.