两市成交额破3万亿，三大指数继续“狂飙”

Group 1 - The trading volume in the Shanghai and Shenzhen markets exceeded 3 trillion yuan, reaching 3.14 trillion yuan, marking the second highest record after 3.45 trillion yuan on October 8, 2024 [1] - A-shares have seen a continuous increase in trading volume, with over 1 trillion yuan for 63 consecutive trading days and above 2 trillion yuan for 9 consecutive days, setting historical records [1] - Major A-share indices rose significantly, with the Shanghai Composite Index up 1.51% to 3883.56 points, a cumulative increase of over 25% since the low in April, approaching the 4000-point mark [1] Group 2 - There is a notable shift in asset allocation among residents, with a decrease in bank deposits and an increase in non-bank financial institution deposits, indicating a movement of funds from traditional savings to capital markets [2] - The number of new A-share accounts opened in July reached 1.9636 million, a nearly 71% increase year-on-year, reflecting strong interest from new investors [2] - Institutional investors are also increasing their participation, with a significant rise in their allocation to ETF and index-enhanced funds, contributing to the market's upward momentum [2] Group 3 - The A-share market is benefiting from multiple favorable factors, including ongoing capital market reforms, a slowdown in IPOs, and a tightening of refinancing, which collectively reduce market burdens [3] - Monetary policy remains accommodative, with continued foreign capital inflows providing ample liquidity to the market [3] - The improvement in the mid-year performance of listed companies, particularly in technology and consumer sectors, supports the ongoing market rally [3]