Zheng Quan Ri Bao·2025-08-24 15:51Core Insights - The brokerage firms are increasingly focusing on the ETF (Exchange-Traded Fund) business, enhancing their strategic layouts in this area [1] - The competitive landscape in the ETF sector shows a solid position for leading brokerages while smaller firms are striving to break through [1] Market Activity - As of the end of July, the total number of ETF products in the Shanghai market reached 890, with an asset management total of 34,342.97 billion yuan, and 719 ETFs with a total market value of 33,520.69 billion yuan; the cumulative trading amount for ETFs in July was 55,841.84 billion yuan, averaging 2,427.91 billion yuan daily [2] - In the Shenzhen market, there were 803 fund products with a total asset management of 12,742.3 billion yuan, including 516 ETFs with a total market value of 12,383.17 billion yuan; the cumulative trading amount for ETFs in July was 19,913.43 billion yuan [2] - Leading brokerages in ETF trading volume for July included Huatai Securities, CITIC Securities, and Guotai Junan, with market shares of 10.8%, 10.67%, and 6.66% respectively [2] Brokerage Performance - The ETF holding scale is a key indicator of brokerage business strength, with China Galaxy leading at 23.46% of the market total, followed by Shenwan Hongyuan at 17.25% [3] - In terms of trading volume by brokerage offices, Huabao Securities' Shanghai Dongda Ming Road office led with a 4.89% market share, while CITIC Securities and Guotai Junan followed with 3.35% and 2.22% respectively [3] - In the Shenzhen market, Oriental Fortune Securities dominated the personal client ETF trading amount rankings, while CITIC Securities had the most offices in the institutional client rankings [3] Client Engagement - The number of ETF trading accounts reflects brokerage client activity, with Huatai Securities leading at 11.35% of the market share in the Shanghai market [4] - In the Shenzhen market, Oriental Fortune Securities had 10 offices in the top 30 for personal client ETF trading accounts, while Huatai Securities had 5 [4] Strategic Developments - The new "National Nine Articles" policy emphasizes the establishment of a fast approval channel for ETFs, highlighting their strategic importance in the capital market [5] - As of August 22, the total number of ETFs in the Shanghai and Shenzhen markets reached 1,262, an increase of 223 since the beginning of the year, with total net assets of 4.96 trillion yuan, up 1.23 trillion yuan [5] - Brokerages are accelerating their strategic layouts in the ETF market, enhancing competitiveness through improved product design and advisory services [5]