证券ETF（512880）近20日净流入超72亿元，规模近640亿元

Group 1 - The core viewpoint of the article highlights the significant inflow into the securities ETF (512880), which has exceeded 7.2 billion yuan in the past 20 days, bringing its total scale to nearly 64 billion yuan [1] - Shanxi Securities indicates that the China Securities Regulatory Commission (CSRC) has released opinions to enhance the protection of small and medium investors, thereby increasing market protection efforts [1] - The Financial Street Forum has clarified the future direction of capital market reforms, including advancing sector reforms, enhancing inclusiveness, and introducing a refinancing shelf issuance system, aimed at promoting high-quality development of the capital market [1] Group 2 - Brokerages are expected to benefit from the improvement of policies and financing reforms, which may lead to performance growth through both internal and external development [1] - It is anticipated that the activity level of the capital market will remain high, with a recommendation to focus on the largest and most liquid securities ETF (512880) to seize investment opportunities in the securities sector [1] - As of November 6, 2025, the securities ETF has a scale of 63.954 billion yuan, ranking first among 21 similar products [1]