Group 1 - The total number of A-share investors has exceeded 240 million as of the end of June 2025, indicating a significant growth in the market [1] - Individual investors dominate the A-share market, accounting for over 99.76% by the end of 2024, with 99.63% of new accounts in the first half of 2025 being individual investors [1] - The proportion of institutional investors is less than 0.24%, and the number of new institutional accounts is declining year by year [1]

Group 1 - The total number of investors in China is projected to reach 237 million by the end of 2024, according to China Securities' data [1] - As of the end of June this year, at least 4.2 million new investors have been added, bringing the total number of A-share investors to over 240 million [1] - The Shanghai Stock Exchange reported that 12.6 million new A-share accounts were opened in the first half of the year, influenced by the policy allowing one person to hold multiple accounts [1]

Summary of Key Points Core Viewpoint - The report from China Securities Depository and Clearing Corporation Limited indicates a significant increase in the number of investors in 2024, highlighting a growing interest in the Chinese stock market and a robust investor base [1][3]. Investor Growth - In 2024, a total of 12.74 million new investors were added, with 12.72 million being individual investors and 20,400 being institutional investors. By the end of 2024, the total number of investors reached 237 million, representing a year-on-year growth of 5.69% [1][3]. - As of June 30, 2024, the total number of A-share investors exceeded 240 million, with 12.6 million new accounts opened in the first half of the year. The conservative estimate suggests that these accounts correspond to at least 4.2 million investors [3]. Investor Structure - Among the new investors in 2024, individual investors accounted for 99.8% (12.72 million), while institutional investors only made up 20,400. By the end of 2024, the total number of individual investors reached 236 million, while institutional investors totaled 567,600 [3]. Margin Accounts - By the end of 2024, there were 7.2 million margin accounts opened, with 7.15 million belonging to individual investors and 51,800 to institutional investors. A total of 482,700 new margin accounts were opened in 2024, with individual investors making up 98.4% of this figure [3]. Asset Scale - As of the end of 2024, the total market value of securities registered and deposited by China Securities Depository and Clearing Corporation reached 110.5 trillion yuan, with the A-share market accounting for 85.29 trillion yuan. The report also details the market values of various financial instruments, including government bonds, corporate bonds, and ETFs [4]. - Over the past decade, the annual increase in A-share investors has consistently exceeded 10 million, with a peak of 26.16 million in 2015. The total number of investors surpassed 100 million by the end of 2016 and exceeded 200 million by the end of 2022 [4].