2 1 Shi Ji Jing Ji Bao Dao·2025-08-21 06:20Group 1 - The A-share market continued to rise, with the Shanghai Composite Index increasing by 0.5% and approaching 3800 points, driven by gains in stablecoins and digital currency concepts [1] - The Huaxia Financial Technology ETF (516100) rose by 1.84%, with a trading volume exceeding 110 million yuan, and several component stocks such as Xincheng Technology and Cuiwei Co. hitting the daily limit [1] - The financial technology ETF closely tracks the CSI Financial Technology Theme Index, which includes sectors like stock trading software and digital currency, benefiting from market recovery and AI-related catalysts [1] Group 2 - As of August 20, the trading volume in the Shanghai, Shenzhen, and Beijing markets exceeded 2 trillion yuan for six consecutive trading days [2] - CITIC Securities noted that brokerage firms experienced significant growth in brokerage and margin financing businesses due to favorable policies, while investment banking activities saw a high increase in refinancing scale and a recovery in IPOs [2] - Huatai Securities highlighted that the equity market has steadily risen since the beginning of the year, with continuous increases in trading volume and margin financing balances, indicating a positive outlook for the brokerage sector in the second half of the year [2]