Shanghai and Shenzhen Trading Volume Exceeds 2 Trillion, Brokers Show Confidence with "Real Money" Increases, Securities ETF Enables One-Click Allocation to Broker Sector Fundamental and Valuation Convergence Opportunity

As of the morning trading session on March 17, 2026, the CSI All Share Securities Company Index rose strongly by 2.35%. The constituent stocks such as Guoxin Securities increased by 6.25%, GF Securities by 4.30%, Huatai Securities by 3.70%, and stocks like East Money and CITIC Securities also followed the upward trend.

In terms of news, by March 16, the combined trading volume of the Shanghai and Shenzhen markets has exceeded 2 trillion yuan for the 15th consecutive trading day. Since 2026, several listed brokerages and brokerage concept stocks, including Huaxia Securities, Hongta Securities, and Guoxin Investment, have announced share repurchase or increased holdings, sending confidence to the market with real cash. This aligns with institutional views that the brokerage sector offers both offensive and defensive investment opportunities. Industry insiders believe that driven by increased market activity and policy benefits, the brokerage sector is entering a window of fundamental and valuation resonance.

Additionally, the “14th Five-Year Plan” outline has been officially released, emphasizing “risk prevention, strengthened regulation, and high-quality development,” and adding support for state-owned large financial institutions to improve comprehensive service levels, strict entry standards and regulatory requirements for small and medium-sized financial institutions, and fostering top-tier investment banks and investment firms. This reflects policy guidance to support excellence, eliminate weaker players, and develop internationally competitive leading brokerages. Currently, the securities sector’s PB valuation is at the 25th percentile over ten years, at a historic low, highlighting its cost-effectiveness. Shanxi Securities stated that the securities industry is shifting from scale expansion and channel-driven growth to value-oriented and professional service-driven development. Leading brokerages with strengths in industry and technology investment banking will benefit more deeply from reform dividends. Meanwhile, business synergy is being strengthened, creating a closed loop of “investment research + investment banking + investment.” Deepening functional positioning and integrating into industrial development, securities firms serving the real economy and residents’ wealth management are expected to break through.

Data shows that as of February 27, 2026, the top ten weightings in the CSI All Share Securities Company Index are East Money, CITIC Securities, Guotai Huarong, Huatai Securities, China Merchants Securities, GF Securities, Orient Securities, Industrial Securities, Shenwan Hongyuan, and CICC, accounting for a total of 60.15% of the index.

The securities ETF, Jiashi (562870), closely tracks the CSI All Share Securities Company Index, providing in-depth coverage of the securities industry.

Investors without stock accounts can gain exposure to brokerage opportunities through the Jiashi Securities ETF Connect Fund (016842).