Core Insights - The A-share market is experiencing a significant influx of new investors, with new account openings reaching 1.9636 million in July, marking a year-on-year increase of over 71% and a month-on-month increase of nearly 20% [2][6] - Cumulatively, as of July 2025, the total number of new accounts opened in the A-share market has reached 14.5613 million, reflecting a growth of 36.88% compared to the same period last year [3][7] - The increase in new accounts is indicative of a recovering market and heightened trading activity, which is expected to positively impact brokerage firms' performance in the second half of the year [4][10] New Account Openings - In July 2025, the A-share market saw 1.9636 million new accounts opened, with 1.954 million being individual investors and 9,600 being institutional investors [6] - The monthly trend of new account openings has shown fluctuations, with peaks in March (3.0655 million) and a notable drop in May (1.5656 million) due to holiday impacts [6][7] - The total new accounts opened in the first seven months of 2025 reached 14.5613 million, significantly higher than the 10.6379 million accounts opened in the same period of 2024 [7] Market Performance and Brokerages - The A-share market has shown a notable recovery in trading activity, with major indices such as the Shanghai Composite Index rising by 3.74%, the Shenzhen Component Index by 5.20%, and the ChiNext Index by 8.14% in July [9] - The margin trading balance increased from 1.85 trillion yuan at the end of June to 1.98 trillion yuan by the end of July, with the A-share financing balance reaching a near decade-high of 1.971 trillion yuan [9] - Brokerage firms have reported significant performance improvements in the first half of the year, with 28 out of 30 listed brokerages showing a net profit growth of over 50%, and some firms experiencing profit increases exceeding tenfold [10]

A股新开户数据一定程度上反映了A股市场回暖、成交活跃度提升的态势，截至2025年7月，A股已累计 新开户1456万户，同比增长超三成。 人民财讯8月4日电，8月4日，上交所披露，今年7月，A股市场新开户数达196万户，远超去年同期水 平，同比增长71%，环比增长19%。 ...

Core Viewpoint - The article highlights a significant increase in new stock accounts in the A-share market, indicating a recovery and heightened trading activity, with July 2025 seeing 1.9636 million new accounts opened, a year-on-year increase of over 70% [1][4][6]. Group 1: New Account Data - In July 2025, the A-share market recorded 1.9636 million new accounts, a nearly 20% increase from June and a 71% year-on-year growth [4][6]. - Cumulatively, by July 2025, the total number of new accounts reached 14.56 million, reflecting a 36.88% increase compared to the same period in 2024 [5][6]. - The monthly trend shows fluctuations, with peaks in March (3.0655 million) and a notable drop in May (1.5556 million) due to holiday impacts [4][5]. Group 2: Market Performance and Broker Impact - The A-share market experienced a notable recovery in July, with major indices such as the Shanghai Composite Index rising by 3.74%, the Shenzhen Component by 5.20%, and the ChiNext Index by 8.14% [6][7]. - The increase in new accounts has positively impacted brokerage firms, with many reporting significant profit growth in the first half of the year, driven by increased trading activity and wealth management services [7][8]. - As of July 31, 2025, the margin financing balance reached 1.98 trillion yuan, marking a substantial increase of approximately 130 billion yuan from the beginning of the month, with the A-share financing balance hitting a near-decade high of 1.971 trillion yuan [6][8].

Core Viewpoint - The article highlights a significant increase in new A-share accounts in the first half of the year, indicating a recovery in the A-share market and improved trading activity, which is expected to positively impact the performance of brokerage firms [2][3][8]. Group 1: New Account Data - In June, A-shares saw 1.65 million new accounts, a 6% increase from May, and a 53.35% increase compared to June 2024 [2][4]. - The total number of new accounts in the first half of the year reached 12.6 million, a 32.77% increase from 9.49 million in the same period of 2024 [7]. - The new account opening trend showed fluctuations, peaking in March with 3.0655 million accounts, the second highest monthly figure in history [5][6]. Group 2: Brokerage Performance - The A-share market's recovery has led to a significant increase in trading volume, with the average daily turnover reaching 1.39 trillion yuan, a 61% year-on-year increase [9]. - The margin trading balance reached 1.8505 trillion yuan, up 25% year-on-year, while equity financing in the A-share market totaled 761 billion yuan, a more than 400% increase [9]. - Analysts expect brokerage firms to report a performance growth of around 50% year-on-year for the first half of the year, driven by improved market conditions and increased trading activity [10][11].