Banking index hits new high, financial sector could welcome more capital allocation.

In recent times, the overall performance of the financial sector has been outstanding, becoming the focus of market attention. Wind Information data shows that as of the close of May 15, the Wind bank industry index reached 7072.61 points, hitting a record high. The previous day, sectors such as banks, insurance, and securities all performed well, driving the Shanghai Composite Index above 3400 points and boosting market sentiment. Against this backdrop, the future allocation value of the financial sector has become a focus for investors. Industry insiders believe that factors such as the People's Bank of China lowering reserve requirements and interest rates, the release of reform plans for public funds, and the continuous increase in equity investments by insurance funds, are expected to bring additional opportunities for allocation to financial sectors including banks, and attract more funds.