Core Viewpoint - The new account opening data for A-shares in October shows a significant decline compared to previous months, influenced by market fluctuations and holiday periods, with a year-on-year decrease of 66.26% compared to the same month last year [1][3][5]. Summary by Sections New Account Opening Data - In October, the Shanghai Stock Exchange reported 2.3099 million new A-share accounts, a decrease of 21.36% from September's 2.9372 million [1][3]. - The new accounts in October included 2.3022 million individual accounts and 0.0077 million institutional accounts, with institutional openings falling below 10,000 [3]. Year-to-Date Performance - As of the end of October, the total number of new A-share accounts for the year reached 22.4588 million, reflecting a year-on-year growth of 10.57% [2][6]. Monthly Trends - The new account openings have shown notable fluctuations throughout the year, with the highest monthly figure recorded in March at 3.0655 million. The trend started with 1.57 million in January, peaking in March, and then declining to 2.3099 million in October [7]. Market Context - The significant drop in October's new account openings is attributed to the "9.24 market" last year, which led to an extraordinary 6.8468 million new accounts in October 2022, marking it as the third highest monthly figure in history [5][6].