关注证券ETF（512880）投资机会，非银金融行业前景获机构关注

Core Viewpoint - The securities industry is benefiting from active market trading and the release of policy dividends, with several brokerages raising the margin trading limits to meet the strong demand for credit trading [1] Group 1: Market Performance - As of November 7, the A-share margin trading balance reached 2.50 trillion yuan, with a year-on-year increase of 55% in credit business income for listed brokerages in the first three quarters [1] - The current market liquidity is loose, and the improvement in US-China relations along with strengthened policy expectations are contributing to a favorable environment for the industry [1] Group 2: Regulatory Developments - The Hong Kong Securities and Futures Commission has introduced new regulations for virtual asset supervision, allowing licensed platforms to connect with global liquidity and expand the asset access for professional investors, which is expected to enhance Hong Kong's market competitiveness [1] Group 3: Industry Outlook - The deepening of capital market reforms, the improvement of the Beijing Stock Exchange ecosystem, and the accelerated layout of medium- and long-term funds are providing further development momentum for the securities industry [1] - The Securities ETF (512880) tracks the securities company index (399975), which selects listed companies closely related to securities business from the A-share market, reflecting the overall performance of the securities industry [1]