Group 1 - Chinese brokerage stocks saw significant gains, with Zhongzhou Securities rising by 11.91% to HKD 3.1, Guolian Minsheng up by 7.4% to HKD 7.11, CITIC Construction Investment increasing by 6.59% to HKD 14.56, and China International Capital Corporation rising by 5.67% to HKD 22.38 [1] - In July, non-bank financial institutions' deposits increased by CNY 2.14 trillion, a year-on-year increase of CNY 1.39 trillion, indicating a structural change in fund flows as residents shift funds to financial markets [1] - The balance of margin financing and securities lending surpassed CNY 2 trillion, reaching a ten-year high, reflecting high market trading sentiment [1] Group 2 - Huatai Securities noted that as market risk appetite rises, the net asset return rate of the brokerage sector is entering an upward phase, suggesting stronger stability and sustainability in brokerage performance [1] - The current cycle of market, expectations, and performance is expected to support a continuous recovery trend in the brokerage sector [1]