HTSC(SH:601688) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-12 02:05Group 1 - The A-share market opened higher on August 12, with all three major indices rising collectively [1] - The broker ETF (159842) experienced a slight decline of 0.26% as of the report, with a premium trading occurrence at the beginning of the session [1] - The broker ETF has seen a net inflow of over 208 million yuan in the first 11 days of August, indicating strong investor interest [1] Group 2 - Open-source securities noted a significant expansion in the margin financing scale, suggesting further growth potential in the broker sector [2] - Huatai Securities reported a 71% year-on-year increase in new account openings in July, with margin financing balance surpassing 1.99 trillion yuan, indicating a rising market risk appetite [2] - The broker sector's return on equity (ROE) is entering an upward phase, with expectations of stronger stability and sustainability in earnings during the current market cycle [2]