Инвестиции в рост продолжают активно поступать: в марте количество новых открытых счетов на рынке А-shares Шанхая выросло более чем на 50% по сравнению с прошлым годом

The Securities Times reporter Hu Feijun

Since 2026, the A-share market has seen sustained high activity in trading, and investors have shown strong enthusiasm for entering the market. The latest data from the Shanghai Stock Exchange shows that in March this year, the number of new A-share accounts opened for Shanghai A-shares exceeded 4.6 million, up 82.38% month-on-month and up 50.10% year-on-year. In the first quarter, the cumulative number of new account openings for Shanghai A-shares reached 12.04 million, up 61.15% year-on-year.

Since January, new account openings for Shanghai A-shares have shown a trend of “opening high, pulling back, and then rising again.” In January, the number of new accounts was 4.9158 million; in February, it fell to 2.52M due to fewer trading days during the Spring Festival holiday; and in March, it rebounded sharply to 4.6014 million. Judging from the structure of new account openings in March, retail investors opened 4.5882 million accounts, while institutions opened 13.2k accounts; retail investors remain the main force. In addition, in March, the number of new account openings for Shanghai B-shares was 1.2k, and for fund accounts was 0.394 million.

In March, the overall A-share market showed a pattern of rally followed by pullback and subsequent consolidation. Although the benchmark index performed relatively weakly, there were more structural opportunities in the market. Sectors such as power, pharmaceuticals, computing power, and chemicals rotated and strengthened, to some extent boosting the willingness of incremental capital to enter the market.

In the first quarter of this year, the year-on-year growth rate of new account openings for Shanghai A-shares exceeded 60%, directly boosting securities firms’ brokerage business. A general manager of the Shenzhen branch of a mid-sized securities firm told The Securities Times reporter that in the first quarter, overall market trading activity was active, and brokerage business at the branch achieved a relatively noticeable growth.

In a research report, CITIC Securities Research Institute believes that in the medium to long term, the concentrated volume expansion of new account openings has laid a foundation of incremental funds for the A-share market rally, and will continue to inject long-term momentum. Dongwu Securities also said that benefiting from an increase in trading volume on a month-on-month basis and from the active capital market, it expects securities firms’ first-quarter performance to continue to grow at a high rate.

Some securities firms have released optimistic expectations ahead of time. In an updated prospectus, Dongguan Securities disclosed that it expects to achieve operating revenue of 394k to 861M yuan in the first quarter of this year, up 26.62% to 39.95% year-on-year; attributable net profit of 952M to 331M yuan, up 63.06% to 80.23%. The main reason for the expected profit growth is that in the first quarter, the year-on-year surge in one-sided trading value of stocks and funds is expected to drive both brokerage commission net income and interest net income to grow year-on-year.