Group 1 - The A-share market continues to show an upward trend, with the Shanghai Composite Index surpassing 3600 points as of August [1] - In July, the number of new A-share accounts reached 1.9636 million, representing a year-on-year increase of over 70% [1][11] - The total number of new accounts for the year has reached 14.5613 million, reflecting a year-on-year growth of 36.88% [11] Group 2 - Most investors are now opting to open accounts via mobile apps, while a smaller portion of elderly clients and institutions still prefer in-person methods [5] - The number of effective accounts, defined as those that have been funded and actively traded, has nearly tripled year-on-year since September 24, 2024 [7] - A significant increase in inquiries for account openings has been noted, particularly among younger investors, with those under 30 making up about 60% of new clients [9]

Group 1 - The A-share market continues to show an upward trend, with the Shanghai Composite Index surpassing 3600 points in August [1] - In July, the number of new A-share accounts reached 1.9636 million, representing a year-on-year increase of over 70% [5] - As of the end of July, a total of 14.5613 million new accounts have been opened this year, marking a year-on-year growth of 36.88% [5] Group 2 - Most investors now prefer to open accounts via mobile apps, while a smaller portion of elderly individuals and institutional clients still visit physical locations [3] - The number of effective accounts, defined as those that have been funded and are actively trading, has nearly tripled year-on-year [3] Group 3 - The surge in new accounts is closely linked to the strong performance of the A-share market in July, with the Shanghai Composite Index rising by 3.74% and the ChiNext Index increasing by 8.14% [8] - The current macroeconomic environment, along with frequent policy signals and accelerated capital market reforms, is gradually restoring investors' risk appetite for equity markets [8] Group 4 - The relative attractiveness of the equity market is highlighted by the higher dividend yield of the CSI 300 compared to the yield on 10-year government bonds, making A-shares a more appealing option for individual investors [10] - The increase in account numbers indicates not only the entry of new investors and additional capital but also a growing confidence in the market [10] Group 5 - The growth in account data reflects a potential shift in residents' asset allocation, with A-shares re-emerging as a key option for wealth management [10] - Continued deepening of capital market reforms and the release of institutional dividends are expected to sustain market vitality in the medium to long term [10]