Hua Xia Shi Bao·2025-08-15 10:27Market Overview - The A-share market is experiencing a bullish trend, with increasing investor confidence and participation since April [3][14] - On August 15, major indices showed significant gains, with the Shanghai Composite Index rising by 0.83%, the Shenzhen Component by 1.6%, and the ChiNext Index by 2.61% [2][4] Investor Activity - There has been a notable increase in new account openings, with July 2025 seeing approximately 1.96 million new accounts, a 70.54% year-on-year increase [11][12] - The total number of new accounts opened in the A-share market from January to July 2025 reached 14.56 million, up 36.88% compared to the same period in 2024 [12] Sector Performance - The market saw broad sector gains, particularly in financial stocks, with significant increases in brokerage firms and financial technology companies [4][14] - Specific sectors like PEEK materials and liquid-cooled servers also experienced substantial growth, with several stocks hitting their daily limit [5][4] Capital Inflows - There has been a net inflow of capital into sectors such as power equipment, electronics, and non-bank financials, while banks and food and beverage sectors saw outflows [6][8] - As of August 12, the margin trading balance reached 2.03 trillion yuan, marking a 10-year high, with an increase of 41.17 billion yuan in August alone [13][14] Expert Insights - Experts attribute the increased market activity to three main factors: significant profit opportunities attracting new capital, favorable policy developments, and a shift in asset allocation towards equities [14][15] - The rise in new account openings indicates growing investor confidence in the capital market, which is expected to enhance market liquidity [14]