Zhong Guo Ji Jin Bao·2025-08-20 00:21Group 1 - The A-share market has seen a significant increase in investor enthusiasm, with new account openings rising nearly 400% in July compared to June [2][3] - There is a notable increase in both new and existing investors engaging with various services, including margin trading and derivatives [3][4] - Younger investors, including those from the "post-2000" generation, are increasingly participating in the market, contrary to previous assumptions about their disinterest in stock trading [3] Group 2 - Many investors are turning to ETFs as a preferred investment vehicle due to the challenges of selecting individual stocks, with a growing interest in sector-specific ETFs [6] - Despite the increase in inquiries and account openings, the current market enthusiasm is still significantly lower than the peak observed during the "9.24" market rally last year [7][8] - The current market environment is characterized by a structural divergence in stock performance, leading to a more cautious approach among investors compared to the previous year [8]