

Investment Rating - Industry rating: Recommended [5] Core Insights - The non-bank financial sector index increased by 1.16%, outperforming the CSI 300 index by 1.42 percentage points, ranking 6th among all primary industries [2][13] - The average daily trading volume of A-shares reached 13,717 million yuan, a 13.5% increase month-on-month and an 88.1% increase year-on-year [18] - The issuance of new shares in the A-share market has seen 48 companies listed in 2025, raising a total of 358.6 million yuan [18] Summary by Sections Non-Bank Financial Weekly Insights - The securities sector rose by 0.82%, while the insurance sector increased by 2.06% [2][13] - Notable stock performances included *ST Rindong (+17.44%) and Nanhua Futures (+12.63%) [2][13] Regulatory Updates - The China Securities Regulatory Commission (CSRC) released new regulations for algorithmic trading in the futures market, effective from October 9, 2025, aimed at enhancing market order and fairness [3][14][37] - The new regulations include comprehensive monitoring of algorithmic trading processes and require traders to report relevant information before engaging in such activities [15][37] Insurance Sector Developments - Non-listed insurance companies will implement new accounting standards starting January 1, 2026, with provisions for simplified processing to aid smaller firms in transitioning [4][16][37] - The new standards aim to stabilize performance fluctuations observed in listed insurance companies since their implementation [16][37]