10月14日，A股 三大指数集体高开。截至10:10， 沪指涨0.53%， 重回3900点上方， 深成指涨0.22%，创业板指翻绿跌0.28%，贵金属、光伏 等板块涨幅居前。 记者丨孙永乐 编辑丨巫燕玲 金珊 近日，9月投资者新开户数出炉，A股市场又迎来了一波"开户潮"。 据上交所数据， 9月A股新开户数293.72万户 ，同比增长60.73%，环比增长10.83%， 为今年以来单月第二高 ，仅次于今年3月A股新开户 数306.55万户。 至此， 今年前三季度A股新开户数合计已达2014.89万户 ，较2024年前三季度新开户数1346.46万户同比增长49.64%。 具体来看，9月A股293.72万户中，个人新开户292.63万户，机构新开户1.09万户， 这属于今年以来机构新开户首次突破1万户 。 业内人士认为，这一现象背后主要有三大驱动因素： 紧接着，来到4月份，因市场整体下跌，A股新开户数大幅下降至192.44万户；5月受假期影响进一步回落，至155.56万户；6月小幅拉升至 164.64万户；7月则回升至196.36万户；8月市场行情爆发，进一步增长到265.04万户。 10月10日，上交所发布的新 ...

Core Insights - In September, the number of new A-share accounts opened reached 2.9372 million, marking a year-on-year increase of 60.73%, making it the second-highest monthly figure of the year [1][2] - The total number of new accounts opened in the first three quarters of the year reached 20.1489 million, a 49.64% increase compared to the same period last year [2] - The surge in new accounts indicates a growing interest in the A-share market, with over 30 million new accounts opened since the "9.24" market rally last year [1] New Account Breakdown - Of the 2.9372 million new accounts in September, 2.9263 million were individual accounts and 10,900 were institutional accounts, marking the first time institutional accounts surpassed 10,000 this year [3] - The monthly comparison shows a steady increase in new accounts, with a significant rise in August due to market performance, followed by a further increase in September [4] Market Trends - Despite the increase in new accounts, the current monthly account openings are still less than half of the 6.84 million accounts opened in October 2024, indicating a relatively moderate pace of new individual investor entries [5] - The recent wave of new accounts has not reached the explosive levels seen during the "9.24" rally, with younger investors (under 35) becoming the primary demographic for new accounts [6] Margin Trading Developments - The margin trading balance has reached a new high, exceeding 2.2 trillion yuan since August, and peaking at 2.44 trillion yuan on September 25 [7] - The increase in new margin accounts has also surpassed last year's figures, reflecting a robust demand for margin trading [9] Broker Responses - Several brokerage firms have raised their financing business limits in response to the growing demand in the margin trading market, indicating a strategic move to enhance service levels and market share [10][11] - The current leverage levels in the market remain within a manageable range, with the financing balance accounting for 2.54% of the circulating market value, significantly lower than historical peaks [11]

记者丨孙永乐 编辑丨巫燕玲 视频编辑丨柳润瑛 8月市场行情火热，各大指数涨到"眩晕"，A股迎来"泼天的流量"，个人投资者跑步入场。 根据上交所官网最新数据，2025年8月A股新开户265万户，同比环比均有大幅增长。至此，今年前8个 月，A股新开户数合计已达到1721万户。 从结构上看，8月新开户中，个人投资者占到绝大多数，合计约264万户，机构投资者合计约1万户。结 合2024年以来开户数据看，8月单月265万户的开户规模高于去年10个月份，创下今年4月份以来的阶段 新高。 中国企业资本联盟副理事长柏文喜指出，个人投资者历来是A股边际增量资金的重要来源。本轮开户潮 是"赚钱效应—政策催化—资产荒"共振的结果，短期内将为A股提供充沛的增量资金，支撑震荡上行趋 势。 8月A股新开户数激增165% 8月投资者新开户数出炉，A股市场又迎来了一波"开户潮"。 9月2日，上交所发布的新开户数据显示，今年8月A股新开户数达265.04万户，较今年7月的新开户数环 比增长34.97%，同比增长165.21%，远超去年同期水平。去年8月A股新开户数则为99.93万户。 结合2024年以来的开户数据看，8月单月265万户的开户规 ...

Group 1 - The core viewpoint of the articles highlights the significant increase in new personal investor accounts in the A-share market, with nearly 10 million new accounts opened in the first four months of the year, despite a month-on-month decline in April [1][2][3] - In April, 191.58 thousand new personal investor accounts were opened, a decrease of 114.04 thousand from March, but still showing a year-on-year growth of over 30% [2][3] - The total number of new personal investor accounts opened in the first four months reached 936.58 thousand, with a total of 378 million personal investor accounts as of April 30 [2][3] Group 2 - The increase in new accounts is closely linked to the performance of brokerage firms' brokerage businesses, with many firms reporting positive growth in account numbers contributing to their performance [1][3] - The "money-making effect" in the market, particularly after the Spring Festival, has attracted a large number of new investors, leading to a surge in account openings, especially in March [2][3] - Various measures, including the central bank's support and adjustments in insurance fund allocations, have been implemented to stabilize market confidence, which has helped maintain investor enthusiasm for opening new accounts [3][4] Group 3 - The challenge for brokerage firms lies in converting new customer acquisition into long-term retention, as the industry faces declining commission rates [5] - Major brokerage firms have reported significant increases in new accounts, with some firms seeing year-on-year growth rates exceeding 90%, while smaller firms also achieved notable growth [5] - Companies are focusing on enhancing wealth management services and customer engagement strategies to provide comprehensive financial solutions and maintain a competitive edge in the market [5]