
Group 1 - The Politburo meeting has sent positive signals, elevating the importance of the capital market to a new height, with expectations for further improvement in institutional construction [1] - The official implementation of the Stablecoin Regulation marks a key milestone in the development of virtual assets, with brokerages likely to benefit from the expansion of the stablecoin ecosystem and the exploration of innovative business boundaries [1] - The securities industry is undergoing structural changes, with mid-year performance catalysts and long-term capital inflows expected to continuously improve broker valuations and fundamentals [1] Group 2 - The Securities ETF (512880) tracks the Securities Company Index (399975), which selects listed companies involved in securities brokerage, underwriting, and sponsorship from the A-share market to reflect the overall performance of the securities industry [1] - The constituent stocks are primarily representative enterprises in the securities industry, possessing strong market influence and performance volatility [1] - Investors without stock accounts may consider the Guotai CSI All Share Securities Company ETF Connect C (012363) and Guotai CSI All Share Securities Company ETF Connect A (012362) [1]