NewTimeSpace News:As of 13:28 on March 12, 2026, the CSI Banking Index (399986) rose 0.21%. Its component stocks posted gains, with Chongqing Rural Commercial Bank up 1.94%, Qingdao Rural Commercial Bank up 1.61%, Bank of Hangzhou up 1.50%, Zijin Bank up 1.43% and Wuxi Bank up 1.20%. The Hwabao WP CSI Banks ETF(512800) rose 0.38%, moving towards a third consecutive daily gain, with a latest price of RMB 0.79. In the longer term, as of March 11, 2026, the Hwabao WP CSI Banks ETFhad a cumulative increase of 1.42% in the past week. (The stocks listed above are only index components and do not constitute any specific investment recommendation.)

In terms of liquidity, the Hwabao WP CSI Banks ETFregistered an intraday turnover rate of 3.72% with a trading volume of RMB 437 million. Over the longer term, as of March 11, it had an average daily trading volume of RMB 883 million in the past year, ranking first among comparable funds.

In terms of scale, the Hwabao WP CSI Banks ETF's scale increased by RMB 238 million in the past two weeks, achieving significant growth and ranking 1st among 9 comparable funds in terms of newly added scale. (Data source: Wind)

In terms of shares, the Hwabao WP CSI Banks ETF's shares rose by 13.8 million in the past two weeks with notable growth, and its newly added shares ranked 2nd among 9 comparable funds. (Data source: Wind)

Data showed that leveraged funds have continued to build positions in the ETF. Its latest margin purchase volume reached RMB 61.5182 million, with the latest margin balance standing at RMB 516 million. (Data source: Wind)

As of March 11, the net asset value (NAV) of the Hwabao WP CSI Banks ETFhad risen 25.47% in the past five years. In terms of earnings capacity, as of March 11, 2026, since its inception, the ETF has achieved a maximum monthly return of 13.22%, a longest streak of rising months of 4 months with a cumulative gain of 20.65% during the streak, a rise-fall month ratio of 52/51, and an average monthly return of 4.23% in rising months. The historical probability of making a profit with a 3-year holding period is 79.45%. As of March 11, 2026, the ETF had an annualized excess return of 5.58% over the benchmark in the past two years.

In terms of drawdown, as of March 11, 2026, the ETF's maximum drawdown year-to-date was 7.37%, with a drawdown of 0.07% relative to the benchmark.

In terms of fees, the Hwabao WP CSI Banks ETFhas a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of March 11, 2026, the ETF had a tracking error of 0.099% in the past seven years, boasting a relatively high tracking accuracy among comparable funds.

Notably, the CSI Banking Index tracked by the fund is at a historically low valuation, with the latest price-to-book (PB) ratio standing at 0.65 times, lower than that in more than 86.05% of the time in the past year, representing a prominent valuation cost performance.

The Hwabao WP CSI Banks ETFclosely tracks the CSI Banking Index. To reflect the overall performance of securities of companies in different industries within the CSI All-Share Index sample and provide analytical tools for investors, the CSI All-Share Index sample is divided into 11 first-level industries, 35 second-level industries, more than 90 third-level industries and over 200 fourth-level industries according to the CSI industry classification. Indices are then compiled with all securities in each of the first, second, third and fourth-level industries as samples, forming the CSI All-Share Industry Index Series.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI Banking Index (399986) were China Merchants Bank, Industrial Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Bank of Jiangsu, Shanghai Pudong Development Bank, Ping An Bank, Bank of Ningbo and China Minsheng Banking Corp., Ltd., accounting for a total of 63.76% of the index weight. (The stocks listed above are only index components and do not constitute any specific investment recommendation.)

Industrial Research stated that the banking wealth management business is facing important development opportunities, whether from the perspective of the development prospects of banks themselves in an environment of low interest rates and narrow net interest margins, or based on the consideration of residents' demand for preserving and increasing the value of wealth under the guidance of common prosperity in a low interest rate environment.

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