Bank index
CSI Bank Index: CSI Bank Index selects the banking industry stocks in the sample stocks of CSI, reflecting the overall performance of the stocks in this industry. The top five heavyweights are China Merchants Bank, Industrial Bank, Ping An Bank, Industrial and Commercial Bank of China and Bank of Communications. At the same time, the concentration of individual stock positions is relatively high. The whole bank is in a state of historical low valuation, with high dividend yield and high margin of safety. This is the only bank index that is tracked.
Brokerage index
Securities leading index: including 25 constituent stocks, the positions are concentrated in the head companies of the securities industry, with relatively high cost performance and high investment value.
Shanghai Stock Exchange Index: Select the securities of all listed companies in the securities industry in Shanghai Stock Exchange as an index sample to reflect the overall performance of the securities of listed companies in the securities industry in Shanghai Stock Exchange.
Securities company index: the most tracked index in the market, and its configuration is close to that of the securities leading index, but its constituent stocks are more concentrated. The PB percentile of the index of securities companies is 4 1.9 1%, which is in a medium state.
Insurance index
Insurance theme index: select 20 stocks from the insurance industry and listed insurance companies as sample stocks to reflect the overall performance of listed insurance companies. The PB percentile of the index is 48.93%, which is in a medium state.
In addition to the above indices, there are non-bank sector indices where insurance and securities coexist, namely, 300 non-bank, CSI 800 securities insurance and CSI securities insurance.
In contrast, the layout of CSI 800 Securities Insurance Index is more comprehensive. Among the 300 non-bank index stocks, China Ping An's weight is as high as 34.32%, and there is a risk of over-concentration of capital allocation.