A股单日成交额持续站在2万亿元以上 中资券商板块或估值修复（附概念股）

Group 1 - The A-share market is experiencing a significant increase in trading activity, with the Shanghai Composite Index reaching new highs and daily trading volume exceeding 2 trillion yuan [2] - There is a notable rise in investor participation, with some brokerage firms reporting new account openings increasing by over 40% year-on-year and monthly financial product sales up nearly 30% compared to the average in the first half of the year [2] - The securities industry is entering a prosperous cycle driven by policy benefits, increased trading activity, and business structure upgrades, leading to performance improvement and valuation recovery [2][3] Group 2 - The current A-share brokerage index PBLF is at 1.67x, which is at the 46th percentile since 2014, while the H-share Chinese brokerage index PBLF is at 1.00x, at the 76th percentile since 2016 [3] - The sector is expected to see a value reassessment, with a focus on leading A and H brokerage firms that have stable earnings growth and PBLF around 1-1.1x, as well as companies leading in wealth management transformation and international business [3] - The list of relevant Chinese brokerage stocks includes Zhongzhou Securities, Guolian Minsheng, CITIC Securities, China International Capital Corporation, GF Securities, Dongfang Securities, Everbright Securities, and Shenwan Hongyuan [4]