Mei Ri Jing Ji Xin Wen·2025-10-29 04:59Group 1 - The A-share market showed strong performance in the morning session, with the Shanghai Composite Index returning to 4000 points and the ChiNext Index rising over 1% [1] - Broker stocks experienced significant gains, with Huazhong Securities hitting the daily limit and Northeast Securities rising over 8% [1] - As of October 28, 14 brokerage firms disclosed their Q3 performance, with 13 comparable firms reporting a total net profit attributable to shareholders of approximately 46.726 billion yuan, a year-on-year increase of 46.42% [1] Group 2 - Three brokerage firms reported a net profit that doubled year-on-year, while eight firms had growth rates between 50% and 100% [1] - Analysts believe that short-term policy synergy will accelerate the long-term valuation repair process of A-shares, while a more inclusive and attractive capital market will strengthen long-term investment logic [1] - The ChiNext Index is expected to become a core stage for incremental capital inflow, benefiting from a balanced distribution of sectors [1] Group 3 - The recent market activity has been robust, with active leverage funds and a recovery in Hong Kong IPOs, which is expected to drive the ROE of brokerage firms higher [2] - It is recommended to focus on the leading securities ETF in the Shenzhen market for capturing investment opportunities in the bull market for the brokerage sector [2]