【导读】2025年A股新开户达到2743.69万户 中国基金报记者 孙越 1月6日，上交所最新披露，2025年12月A股新开户达260万户，较11月环比增长9%，比2024年同期的199万户大幅增长30.54%。 至此，2025年全年A股新开户总数为2743.69万户。相比2024年的2499.89万户，同比增长9.75%，成为自2022年以来A股年度新开户数据的最高纪录。 在整体开户量稳步攀升的同时，市场呈现出一个引人瞩目的结构性变化：机构开户量大幅跃升。 | 日期 | 总数 | A 股 | B 股 | 基金 | | --- | --- | --- | --- | --- | | 2025.01 | 177.37 | 157.00 | 0.04 | 20.33 | | 2025.02 | 313.77 | 283.59 | 0.04 | 30.14 | | 2025.03 | 348.53 | 306.55 | 0.05 | 41.93 | | 2025.04 | 213.32 | 192.44 | 0.04 | 20.84 | | 2025.05 | 172.77 | 155.56 | 0.04 | 17 ...

12月2日，上交所披露数据，2025年11月A股新开户238.14万户，环比小幅增长3.1%，同比下降11.75%。 11月A股新开户数浮出水面。 综合来看，2025年前11个月已累计新开2484.02万户，同比增长7.95%，值得一提的是，2024年全年开户数合计为2499.89万 户，这意味着，今年前11个月开户数几乎追平去年全年，仅相差15.87万户。 11月新开户数环比微增 11月的A股市场，在创出阶段新高后迎来了震荡调整，上证指数全月下跌1.67%，深证成指和创业板指月度跌幅分别为2.95%和 4.23%，市场结构性分化显著。 在市场连续调整之下，11月A股新开户数表现如何？ 上交所披露详细数据，2025年11月A股新开户238.14万户，比10月230.99万户增长3.1%，较去年11月开户数269.84万户下降 11.75%。 具体而言，今年1月份开局平稳，当月新开户数为157万户；2月份环比大幅增长，达到283.59万户；3月份进一步增长，达到 306.55万户；今年4月份受当月A股市场整体调整的影响，新开户数下降至192.44万户；5月份受假期影响进一步回落至155.56 万户；6月份则小幅 ...

Core Viewpoint - The article discusses the decline in new A-share account openings in October 2025, highlighting the impact of market sentiment and economic data on investor behavior, while also noting the long-term attractiveness of the capital market reform benefits [3][4]. Summary by Sections New Account Openings - In October 2025, new A-share accounts totaled 2.3099 million, a decrease of 21.36% from September's 2.9372 million and a 66.26% drop from 6.8468 million in October 2024 [4][6]. - For the first ten months of 2025, a total of 22.4588 million new accounts were opened, reflecting a year-on-year growth of 10.57% [3][7]. Investor Composition - Among the new accounts in October, 2.3022 million were individual investors, while institutional accounts were only 0.077 million, falling below 0.1 million [3][4]. - Year-to-date, individual investors accounted for 22.3751 million new accounts, compared to 0.0838 million for institutions [7]. Market Sentiment and Economic Data - The decline in new account openings is attributed to weaker-than-expected economic data and increased market volatility, which dampened potential investors' willingness to enter the market [3][6]. - Regulatory measures targeting speculative trading have also contributed to a cautious stance among investors [3]. Market Outlook - Analysts predict a transitional phase for the market, characterized by a lack of clear catalysts and a likely focus on oscillating trends in the short term [9][10]. - The market is expected to experience a rebound in the medium to long term, contingent on economic recovery and capital inflows [7][11]. Performance Metrics - The Shanghai Composite Index reached a year-to-date closing high of 4000 points on October 29, 2025, before experiencing a pullback [9]. - As of November 5, 2025, the index closed at 3969.25 points, indicating a slight increase of 0.23% [9]. Investment Strategy - Analysts suggest a balanced investment approach, focusing on both growth and value stocks, while monitoring policy changes and market conditions [11].

Core Insights - In October 2023, the Shanghai Stock Exchange reported 2.3099 million new A-share accounts, a decrease of 21.36% compared to September's 2.9372 million accounts [1] - The significant drop in new accounts in October is attributed to the high base from October 2022, when new accounts reached 6.8468 million due to the "9.24 market" event, marking a year-on-year decline of 66.26% [1] - For the first ten months of 2023, the total number of new A-share accounts reached 22.4588 million, reflecting a year-on-year growth of 10.57% [1]

Core Insights - In October 2023, the number of new A-share accounts opened on the Shanghai Stock Exchange was 2.3099 million, representing a 21.36% decrease from September's 2.9372 million accounts [2] - The significant drop in new account openings in October is contrasted with the previous year's figure of 6.8468 million accounts, which was the third highest monthly total in history, leading to a year-on-year decline of 66.26% [2] - For the first ten months of 2023, the total number of new A-share accounts reached 22.4588 million, reflecting a year-on-year growth of 10.57% [2]

Core Insights - In October 2023, the number of new A-share accounts opened on the Shanghai Stock Exchange was 2.3099 million, a decrease of 21.36% compared to September's 2.9372 million accounts [1][3] - Year-on-year, October's new account openings dropped significantly by 66.26% from last year's 6.8468 million accounts, which was the third highest monthly figure in history [1][3] - For the first ten months of 2023, the total number of new A-share accounts reached 22.4588 million, reflecting a year-on-year growth of 10.57% [2][4] Monthly Trends - The new account openings in October were influenced by the National Day and Mid-Autumn Festival holidays, as well as market volatility [3] - The monthly average for new accounts opened from January to September 2023 was 1.5 million, with October's figure being 4-5 times higher than the usual levels [3] - The highest monthly new account openings this year occurred in March, with 3.0655 million accounts [5] Brokerage Performance - The first three quarters of 2023 saw a significant increase in brokerage performance, with 42 listed brokerages reporting a total revenue of 419.56 billion yuan, up 17.02% year-on-year [6] - Net profit attributable to shareholders reached 169.049 billion yuan, marking a substantial increase of 62.38% [6] - The growth in brokerage revenue was driven by increased trading activity, favorable policies, and a recovery in IPOs and refinancing activities [6]

Core Insights - The number of new A-share accounts opened in September reached 2.9372 million, marking a month-on-month increase of 10.83% from August's 2.6503 million accounts, and a year-on-year growth of 60.73% compared to 1.8274 million accounts in September of the previous year [1][4][3] New Account Data - September's new account figure of 2.9372 million is the second highest monthly total this year, following March's 3.0655 million [2] - In the first three quarters of this year, the total number of new A-share accounts reached 20.1489 million, a year-on-year increase of 49.64% from 13.4646 million in the same period last year [3][5] Market Performance - The A-share market showed positive performance in September, with all three major indices closing higher; the ChiNext index rose over 12% [4] - As of September 30, the Shanghai Composite Index closed at 3,882.78 points, up 0.64% for the month, while the Shenzhen Component Index and ChiNext Index rose 6.54% and 12.04%, respectively [9] Investor Behavior - The recent surge in new accounts is closely linked to the active market performance in September, with a significant increase in trading activity and demand for professional advisory services [6][9] - The new account demographic is becoming younger, with an increasing proportion of clients from the post-90s and post-00s generations [7] Brokerage Industry Outlook - The brokerage industry is expected to perform well in the third quarter, with a significant increase in daily trading volume and margin financing balances [9] - Dongguan Securities anticipates a revenue increase of 44.93% to 60.18% and a net profit growth of 77.77% to 96.48% for the first nine months of the year, driven by the upward trend in the A-share market [10]

Core Insights - In September 2023, the Shanghai Stock Exchange reported a total of 2.9372 million new A-share accounts, marking a month-on-month increase of 10.83% and a year-on-year increase of 60.73% [1] - For the first three quarters of 2023, the total number of new A-share accounts reached 20.1489 million, which is a 49.64% increase compared to 13.4646 million new accounts in the same period of 2022 [1] Summary by Category New Account Data - In September 2023, new A-share accounts reached 2.9372 million, with a month-on-month growth of 10.83% and a year-on-year growth of 60.73% [1] - The cumulative number of new A-share accounts for the first three quarters of 2023 is 20.1489 million, up 49.64% from 13.4646 million in the same period of 2022 [1] Monthly Breakdown - The monthly new account data for 2025 shows fluctuations, with September 2025 recording 2.9372 million new A-share accounts [2] - The total new accounts for 2025 are projected to be 22.1980 million, with A-share accounts contributing 20.1489 million [2]

Group 1 - The core point of the article highlights that 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, following March's 3.0655 million [1] - Among the new accounts in September, 2.9263 million were individual accounts, while institutional accounts accounted for 10,900, indicating that institutional new accounts have surpassed 10,000 for the first time this year [1]

Core Insights - In September, the number of new A-share accounts reached 2.9372 million, marking a year-on-year increase of 60.73%, making it the second-highest monthly figure of the year, following March's 3.0655 million accounts [1] Group 1: New Account Openings - The total new A-share accounts in September comprised 2.9263 million individual accounts and 10,900 institutional accounts, with the latter surpassing 10,000 for the first time this year [1]