Core Viewpoint - The policies aimed at "stabilizing growth and the stock market" and "boosting the capital market" will continue to shape the future direction of the sector, with multiple factors such as a moderately loose liquidity environment, ongoing optimization of the capital market, and the restoration of investor confidence driving the securities sector's upward trend [1] Group 1 - The current environment is characterized by an acceleration of medium to long-term capital entering the market, maintaining high market activity levels [1] - The capital market is exhibiting a "healthy bull" trend, supported by factors such as wealth management transformation, international business expansion, and financial technology empowerment, which are expected to drive improvements in return on equity (ROE) [1] - The current sector valuation is at a historical low, providing a defensive rebound opportunity that balances offense and defense [1]
银河证券：券商行情稳中有进，政策资金双向赋能