Zhi Tong Cai Jing·2025-08-19 13:14Market Performance - The Shanghai Composite Index broke through the February 2021 high, reaching its highest level since August 2015, while the ChiNext Index saw an increase of nearly 3% [2] - The market's total trading volume reached 2.7 trillion yuan, an increase of over 500 billion yuan compared to the previous trading day, with more than 4,000 stocks rising [2] Financial Sector Insights - Non-bank financial institutions saw a significant increase in deposits of 2.14 trillion yuan in July, reflecting a structural change in fund flows, with residents increasingly moving funds into financial markets [2] - The active trading environment in the A-share market has positively impacted brokerage account openings, with many brokerages reporting growth in new accounts, some reaching the highest daily openings since August [2] Investment Trends - There is a noticeable trend of residents shifting deposits to capital markets for higher returns, driven by declining deposit rates and improving stock market performance [3] - The brokerage sector is expected to benefit from this trend, with a focus on leading brokerages and financial technology firms that are well-positioned to capitalize on market activity [3] Related Companies - The report mentions several Chinese brokerage firms listed in Hong Kong, including Zhongzhou Securities, Guolian Minsheng, CITIC Securities, and others [4]