Sou Hu Cai Jing·2026-02-25 08:15Group 1 - The A-share market continues to show positive momentum with over 3,700 stocks rising, and the "Flagship 2.0" fintech ETF (159103) increasing by 1.7%, indicating a continuous influx of capital into the fintech sector [1][2] - The majority of the constituent stocks of the fintech ETF saw significant gains, with Star Ring Technology rising over 16% and other stocks like Tonghuashun and Guiding Compass increasing by over 2% [3][4] - The "Flagship 2.0" fintech sector encompasses both internet brokerages and financial IT, benefiting from active market liquidity and a reshaped growth logic driven by policy, technology, and business [5] Group 2 - Internet brokerages are experiencing heightened market activity, with a projected daily trading volume of 1.73 trillion yuan by 2025, representing a 63% year-on-year increase from 2024 [6] - The financial IT sector is undergoing a transformation driven by policy, technology, and business, with a focus on domestic alternatives and cloud computing adoption among financial institutions [7][8] - Emerging business scenarios in wealth management and inclusive finance are shifting IT investments from rigid expenditures to structural growth, highlighting the resilience of fintech in a high liquidity environment [8]