Group 1 - The core viewpoint is that the Shanghai Composite Index has successfully broken through the 3800-point mark, driven by strong performance in technology sectors such as AI and semiconductors [1] - The current market liquidity remains healthy, and investors are encouraged to maintain confidence without excessive panic [1] - The ongoing market rally is primarily driven by hard technology, and investors who have not yet positioned themselves in related sectors may consider opportunities in the brokerage sector [1] Group 2 - The brokerage industry is seen as a "bull market flag bearer," directly benefiting from increased market activity and trading volume, leading to strong earnings growth certainty [1] - From a valuation perspective, the current price-to-book (PB) ratio of the brokerage sector is around the 50th percentile over the past decade, indicating a high cost-performance ratio among high elasticity sectors, making it worthy of attention [1]
上证指数突破3800点，续创十年新高！
Ge Long Hui·2025-08-22 06:18