Open source securities: Continues to be optimistic about the strategic increase in allocation opportunities for the non-bank financial sector as the slow bull market sets sail.

Open Source Securities pointed out that in the past month, the large financial sector has made some adjustments, with securities and insurance sectors showing a certain negative excess. Market activity remains at a relatively high level, with the trend of institutional and resident funds entering the market expected to continue in a low interest rate environment. The non-bank financial sector is still favored for strategic allocation opportunities as the slow bull market sets sail. The profitability and valuation cost-effectiveness of the securities sector are high, with a relatively high probability of success and odds, and potential value in the allocation of undervalued insurance H-shares.