沪指站上3400点，股市风向标——证券ETF（512880）涨超2.3%

Group 1 - The Shanghai Composite Index has surpassed 3400 points, with the Securities ETF (512880) rising over 2.3% and a trading volume close to 2 billion yuan. The net inflow in the past 10 days has exceeded 650 million yuan [1] - Dongwu Securities indicates that the non-bank financial sector currently has a low average valuation, providing a safety margin and a balanced approach. The securities industry is expected to benefit from market recovery and a favorable policy environment, with improvements anticipated in brokerage, investment banking, and capital intermediary businesses [1] - In June, trading volume saw a significant year-on-year increase, with the average daily trading volume of stock-based funds rising by 76.10% and the margin trading balance increasing by 20.70% year-on-year [1] Group 2 - The CSRC has released reform measures for the Sci-Tech Innovation Board, including the establishment of a growth tier and the introduction of six reform initiatives aimed at enhancing the institutional inclusiveness for technology companies [1] - The classification rating system for securities firms is set to be revised, emphasizing the promotion of the functional roles of securities companies and guiding the industry towards high-quality development [1] - The CSRC has allowed qualified foreign investors to participate in ETF options trading, further advancing the opening of the capital market [1] - The insurance industry is expected to benefit from economic recovery and rising interest rates, with continuous improvement anticipated on the liability side, and a long-term positive outlook for health insurance and pension insurance development [1]