非银金融行业周报：建议持续关注非银板块向上弹性

长江证券2025-12-08

核心观点1）本周板块整体表现较强。券商方面，市场交投仍然维持较高位，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，本周金监局发布《关于调整保险公司相关业务风险因子的通知》，主要调整了投资相关股票的风险因子及出口信用保险业务和中国出口信用保险公司海外投资保险业务的风险因子。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...

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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，本周金监局发布《关于调整保险公司相关业务风险因子的通知》，主要调整了投资相关股票的风险因子及出口信用保险业务和中国出口信用保险公司海外投资保险业务的风险因子。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...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251208134139a43aa662&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02328","symbol_name":"中国财险","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251208134139a43aa662&s=b","article_id":"2589335803","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251208134139a43aa662&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, 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