EASTMONEY(SZ:300059) Xin Lang Cai Jing·2026-01-08 02:43Core Viewpoint - The A-share market is experiencing a significant increase in trading activity, with a notable rise in margin financing and securities lending balances, indicating a bullish sentiment among investors [1][9]. Group 1: Market Performance - On January 7, the A-share market opened lower, with the brokerage sector leading the declines, as the top brokerage ETF (512000) fell by 2.15% [1][7]. - As of January 6, the total margin financing and securities lending balance increased by 39.224 billion to 2.58 trillion, marking a year-on-year growth of 40.93% [9]. - The financing balance reached 2.56 trillion, dominating the market [9]. Group 2: Investment Opportunities - The brokerage ETF (512000) is a passive investment tool that tracks the CSI All Share Securities Companies Index, encompassing 49 listed brokerage stocks, making it an efficient investment option for both large and small brokerages [10]. - The average daily trading volume of the brokerage ETF (512000) exceeded 1 billion, positioning it as a leading liquidity provider in the A-share market [10]. Group 3: Future Outlook - According to Galaxy Securities, the government's policies aimed at stabilizing growth and boosting the capital market will continue to shape the future direction of the brokerage sector, supported by a moderately loose liquidity environment and improved investor confidence [3][9]. - The brokerage sector's valuation is currently at historical lows, suggesting a strong demand for a rebound [3][9]. - The CSI All Share Securities Companies Index only saw a slight increase of 2.54% in 2025, significantly lagging behind the broader market, indicating a strong potential for catch-up growth [3][9].