Recently, the Shanghai Composite Index has repeatedly scaled new heights, with daily trading volumes consistently exceeding 2 trillion yuan. This surge in market activity has had a direct impact on the operations of securities firms. Our reporters recently visited securities trading departments in Beijing, Shanghai, Shenzhen, and other major cities, and observed a notable increase in investor enthusiasm for market participation. This is evident in the significant growth of new account openings, margin trading and short selling activities, as well as the sales of equity products. Notably, some securities firms have witnessed a year-on-year increase of over 40% in new account openings, while the monthly sales volume of financial products has risen by nearly 30% compared to the average monthly level in the first half of the year.

During our interviews, it became clear that innovative drugs, computing power, and robotics are among the sectors that have garnered significant attention from investors. Despite this heightened activity, most investors remain rational in their investment decisions, with a clear trend towards using ETFs as an instrumental allocation strategy. Those interviewed highlighted that positive shifts are occurring within the investor structure and investment philosophy of the A-share market.