NewTimeSpace News:As of 09:34 on February 5, 2026, the CSI Bank Index (399986) rose 0.34%. Among its constituent stocks, Qilu Bank rose 3.47%, Xiamen Bank climbed 1.66%, Bank of Nanjing advanced 1.39%, Bank of Chongqing increased by 1.26%, and China Everbright Bank gained 0.92%. TheHwabao WP CSI Banks ETF (512800) rose 0.26% to close at RMB 0.78. Over a longer time frame, as of February 4, 2026, the ETF had achieved a cumulative increase of 1.83% in the past week, ranking 1st out of 9 comparable funds. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, theHwabao WP CSI Banks ETF recorded an intraday turnover rate of 0.6% and a trading volume of RMB 73.2846 million. Looking back, as of February 4, the ETF's average daily trading volume in the past week reached RMB 997 million, ranking first among comparable funds.

Regarding scale, theHwabao WP CSI Banks ETF's size increased by RMB 314 million in the past week, achieving significant growth, with the new scale ranking 1st out of 9 comparable funds. (Data source: Wind)

In terms of share count, the ETF's shares increased by 352 million units in the past week, realizing remarkable growth, with the new share count ranking 1st out of 9 comparable funds. (Data source: Wind)

For capital flow, theHwabao WP CSI Banks ETF recorded a latest net capital outflow of RMB 181 million. Over the recent 5 trading days, it achieved net capital inflows on 3 days, accumulating a total of RMB 332 million in "capital absorption" and an average daily net inflow of RMB 66.4954 million. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theHwabao WP CSI Banks ETF reached RMB 78.0733 million, and the latest margin trading balance stood at RMB 606 million. (Data source: Wind)

As of February 4, theHwabao WP CSI Banks ETF had a net asset value (NAV) increase of 24.80% in the past five years. In terms of profitability, as of February 4, 2026, since its establishment, the ETF has achieved a maximum monthly return of 13.22%, the longest consecutive monthly growth period of 4 months with a cumulative increase of 20.65%, a ratio of rising to falling months of 52:50, an average monthly return of 4.23% in upward months, and a 79.16% profit probability for a 3-year historical holding period. As of February 4, 2026, the ETF's annualized excess return over the benchmark in the past two years was 5.45%.

As of January 30, 2026, theHwabao WP CSI Banks ETF had a Sharpe ratio of 1.03 over the past two years.

Regarding drawdown, as of February 4, 2026, the ETF's maximum drawdown since the beginning of the year was 7.37%, with a relative benchmark drawdown of 0.04%.

In terms of fees, theHwabao WP CSI Banks ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

For tracking accuracy, as of February 4, 2026, the ETF's tracking error in the past seven years was 0.098%, showing high tracking accuracy among comparable funds.

Notably, the valuation of the CSI Bank Index tracked by the fund is at a historical low. The latest price-to-book ratio (PB) is 0.65 times, lower than 92.08% of the time in the past year, highlighting prominent valuation cost-effectiveness.

TheHwabao WP CSI Banks ETF closely tracks the CSI Bank Index. To reflect the overall performance of listed company securities in different industries within the CSI All-Cap Index sample and provide analytical tools for investors, the CSI All-Cap Index sample is classified into 11 primary industries, 35 secondary industries, more than 90 tertiary industries, and over 200 quaternary industries according to the CSI Industry Classification. Indices are then compiled using all securities in each primary, secondary, tertiary, and quaternary industry as samples, forming the CSI All-Cap Industry Indices.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Bank Index (399986) were China Merchants Bank Co., Ltd., Industrial Bank Co., Ltd., Industrial and Commercial Bank of China Limited, Agricultural Bank of China Limited, Bank of Communications Co., Ltd., Bank of Jiangsu Co., Ltd., Shanghai Pudong Development Bank Co., Ltd., Ping An Bank Co., Ltd., Bank of Ningbo Co., Ltd., and China Minsheng Banking Corp., Ltd., with a combined weight of 64.19%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

Industrial Research stated that currently, some joint-stock banks are focusing on "launching satellites", which stems from the demands for risk control upgrading, business continuity assurance, and industrial empowerment. It is also a strategic choice for joint-stock banks to break through homogeneous competition and build distinctive advantages. There are three main purposes: first, to address risk control pain points and achieve intelligent upgrading; second, to layout financial disaster recovery and consolidate the line of defense for business continuity; third, to empower commercial aerospace and expand business boundaries.

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