A股大消息，又“爆了”

Core Insights - In September, the number of new A-share accounts opened reached 2.9372 million, marking a year-on-year increase of 60.73%, making it the second-highest monthly figure of the year [1][2] - The total number of new accounts opened in the first three quarters of the year reached 20.1489 million, a 49.64% increase compared to the same period last year [2] - The surge in new accounts indicates a growing interest in the A-share market, with over 30 million new accounts opened since the "9.24" market rally last year [1] New Account Breakdown - Of the 2.9372 million new accounts in September, 2.9263 million were individual accounts and 10,900 were institutional accounts, marking the first time institutional accounts surpassed 10,000 this year [3] - The monthly comparison shows a steady increase in new accounts, with a significant rise in August due to market performance, followed by a further increase in September [4] Market Trends - Despite the increase in new accounts, the current monthly account openings are still less than half of the 6.84 million accounts opened in October 2024, indicating a relatively moderate pace of new individual investor entries [5] - The recent wave of new accounts has not reached the explosive levels seen during the "9.24" rally, with younger investors (under 35) becoming the primary demographic for new accounts [6] Margin Trading Developments - The margin trading balance has reached a new high, exceeding 2.2 trillion yuan since August, and peaking at 2.44 trillion yuan on September 25 [7] - The increase in new margin accounts has also surpassed last year's figures, reflecting a robust demand for margin trading [9] Broker Responses - Several brokerage firms have raised their financing business limits in response to the growing demand in the margin trading market, indicating a strategic move to enhance service levels and market share [10][11] - The current leverage levels in the market remain within a manageable range, with the financing balance accounting for 2.54% of the circulating market value, significantly lower than historical peaks [11]