问佣金 问两融 券商营业部线上咨询小高峰 调研：尚处温和状态 不及924爆发式

Group 1 - The surge in market activity has led to a peak in customer inquiries at brokerage firms, primarily through online channels rather than in-person visits [1][3][4] - Investors are focusing on actual trading needs, with commission adjustments being the main topic of discussion as brokerages lower fees to attract new clients [4][9] - There is a notable increase in inquiries regarding basic account operations, such as fund transfers and app functionalities, reflecting a growing interest in various trading permissions [4][5] Group 2 - Margin trading inquiries and account openings have risen significantly, with experienced investors driving this trend due to their familiarity with leveraging tools [5][6] - Brokerages are enhancing risk management for margin trading, ensuring strict reviews of clients' credit histories and trading records [6] - Fund sales are experiencing a revival, particularly in equity products, as investor confidence grows and they show increased interest in fund performance and sector growth [7] Group 3 - Overall market participation is characterized by a moderate increase in capital inflow, with seasoned investors showing a strong willingness to invest compared to newer, more cautious entrants [8] - Investors are favoring small-cap stocks over large-cap stocks, as they seek higher returns during market upswings [8] - Competition among brokerages is intensifying, with increased client mobility and a focus on low commission rates to attract and retain customers [9]