Zheng Quan Ri Bao·2025-08-26 16:51Core Viewpoint - The report highlights the significant presence of brokerages in the stock market, with a focus on their investment strategies and the sectors they are targeting, particularly emphasizing high-dividend blue-chip stocks and high-growth potential stocks in technology and biomedicine [2][4]. Group 1: Brokerage Holdings - As of the end of June, brokerages collectively held 147 heavily weighted stocks, with 30 brokerages involved, totaling 2.261 billion shares and a market value of 29.492 billion yuan [2][3]. - Among the 147 stocks, 18 were held by two or more brokerages, with notable mentions including Fuan Energy, Ruida Futures, and Zhejiang Huaye, each held by three brokerages [2][3]. - The industry distribution of these stocks includes 24 in hardware equipment, 17 in chemicals, 15 in both non-ferrous metals and machinery, and 13 in pharmaceuticals and biotechnology [2]. Group 2: Investment Strategies - Brokerages are increasingly focusing on high-dividend blue-chip stocks while also investing in high-growth sectors such as technology, biomedicine, and national defense, aligning with the trends of high-quality economic development and industrial restructuring [2][4]. - The top brokerages, such as CITIC Securities and CICC, have a significant number of holdings, with CITIC holding 26 stocks and CICC holding 30 stocks, indicating a preference for stability and diversification in their investment strategies [4]. - Several brokerages have disclosed their investment strategies, emphasizing a cautious approach with a focus on low-risk, low-volatility, and steady dividend stocks, as well as flexible and balanced strategies that prioritize sectors benefiting from liquidity improvements and policy support [4].