BOCIC(SH:601696) Sou Hu Cai Jing·2025-07-28 03:02Core Viewpoint - The brokerage ETF (512000) has seen a significant increase in market performance, reaching a near 2% rise and currently up 1.7%, with real-time transaction volume approaching 600 million yuan [1]. Group 1: Market Sentiment and Fund Positioning - Huachuang Securities indicates that the recovery in market sentiment and policies related to virtual assets have led to a marginal increase in public fund holdings in the brokerage sector in Q2, although most of the additional funds are directed towards leading brokerages, leaving the sector underweighted overall [3]. - Multiple listed brokerages have disclosed interim performance forecasts that exceed expectations, suggesting a positive outlook for the sector [3]. Group 2: Investment Recommendations - Minsheng Securities recommends focusing on three main investment opportunities within the brokerage sector: selecting leading brokerages with strong comprehensive capabilities, investing in mid-small brokerages with higher elasticity, and paying attention to financial technology and stablecoin concepts [3]. - The brokerage ETF (512000) and its linked funds track the CSI All Share Securities Company Index, encompassing 50 listed brokerage stocks, with nearly 60% of the portfolio concentrated in the top ten leading brokerages, while the remaining 40% includes mid-small brokerages that exhibit high performance elasticity [3].