2 1 Shi Ji Jing Ji Bao Dao·2025-09-16 03:27Group 1 - The core viewpoint of the articles highlights the ongoing positive sentiment in the securities sector, with significant capital inflow into the Securities ETF (159841), which has seen a net inflow of over 2.3 billion yuan over the past 16 trading days [1] - The Securities ETF (159841) closely tracks the CSI All Share Securities Companies Index, which includes both traditional securities leaders and financial technology leaders, indicating a diversified investment approach [1] - Analysts from Western Securities suggest that the current rally in brokerage stocks is just beginning, with expectations of continued performance if new capital enters the market and trading volumes increase [1] Group 2 - Dongwu Securities indicates that the transformation of the securities industry is expected to bring new growth opportunities, benefiting from a recovering market and favorable policy environment [1] - Guojin Securities points out that the performance of the brokerage sector has significantly improved year-on-year in the first half of the year, highlighting a mismatch between high profitability and low valuations, suggesting a focus on high-quality brokers with significantly lower valuations than the average [2]