券商股大爆发，天风证券涨停，证券ETF指数基金（516200）盘中涨超3%

Core Viewpoint - The surge in brokerage stocks is driven by regulatory approvals for virtual asset trading licenses in Hong Kong, indicating a positive outlook for the sector [1][2] Group 1: Market Performance - Brokerage stocks experienced significant gains, with Tianfeng Securities hitting the daily limit, and other firms like Huaxi Securities and Guohai Securities also rising [1] - The securities company index showed a strong performance, with an intraday increase of over 3% [1] - The Securities ETF index fund (516200) also performed well, with a near 5-day increase of 9.86% [1] Group 2: Regulatory Developments - As of June 26, 41 institutions have upgraded their licenses to provide virtual asset trading services, primarily consisting of brokerages [1] - 37 institutions received approval for a new license to offer virtual asset investment consulting, while 40 asset management firms were approved for managing virtual assets [1] - Hong Kong has 11 virtual asset trading platforms that have received formal approval from the Securities and Futures Commission to operate legally [1] Group 3: Analyst Recommendations - Guoxin Securities recommends focusing on three types of brokerages: those with high capital efficiency and comprehensive business lines, those that have successfully integrated through mergers, and internet brokerages with strong online capabilities [2] - Donghai Securities notes that the sustainability of the brokerage sector's performance depends on the pace of policy benefits and market activity [2] - The approval of the first comprehensive virtual asset service license for a Chinese brokerage aligns with the stablecoin theme, suggesting a potential boost for the A-share brokerage sector [2]