Group 1 - A-shares indices rose in early trading on November 27, with active performance from brokerage stocks, particularly the brokerage ETF (159842) which opened lower but turned positive, gaining 0.18% [1] - The brokerage ETF (159842) continued to attract capital, with a net inflow of over 110 million yuan yesterday, and has seen net inflows in 8 out of the last 10 trading days, totaling over 370 million yuan [1] - The brokerage ETF tracks the CSI All Share Securities Companies Index, which consists of up to 50 securities company stocks to reflect the overall performance of the industry [1] Group 2 - Recent catalysts in the brokerage sector include major asset restructuring announcements from China International Capital Corporation and Xinda Securities, leading to continued stock suspensions [1] - The latest approval of the third batch of account management function optimization pilot securities companies includes eight firms, indicating regulatory support for the sector [1] - Zhejiang Securities predicts that the non-bank sector will experience stagnation in 2025, but expects a rebound in 2026 as the equity market continues its long-term "slow bull" trend, highlighting the sector's beta characteristics [2]