Core Viewpoint - The article highlights the significant growth in the user activity of securities apps, driven by a bullish A-share market and the increasing demand for diversified wealth management solutions among investors [1][6]. User Activity Growth - As of July 2025, the number of active users of securities apps reached 167 million, marking a 20.89% year-on-year increase [6]. - The top ten securities apps accounted for 63% of the market share, with Tonghuashun leading at 35.01 million active users, followed by Dongfang Caifu and Dazhihui with 17.14 million and 11.91 million users respectively [7]. Competitive Landscape - The competition among securities apps is becoming increasingly differentiated, with Tonghuashun and Dongfang Caifu leveraging their unique features to attract users [9]. - Smaller brokerages like Guohai Securities and Chengtong Securities have also seen rapid growth in user activity, indicating a competitive market environment [10]. AI Integration - The integration of AI technology into securities apps is a key trend, with firms like Guangfa Securities and Guotai Haitong leading the way in developing AI-native applications [12][13]. - AI-driven features are expected to enhance user experience and operational efficiency, providing personalized investment advice and improving customer interaction rates [14]. Market Dynamics - The article notes a shift from traditional tools to intelligent solutions in the securities app market, reflecting a broader trend towards digital transformation in financial services [13]. - The increasing preference for comprehensive and mature platforms among investors indicates a strengthening of the "Matthew Effect," where leading apps continue to dominate the market [7][10].

Core Insights - The recent surge in the Shanghai Composite Index has led to increased trading activity in the A-share market, with a notable rise in user engagement on securities apps [1][2] - As of July 2025, the number of active users on securities apps reached 167 million, marking a year-on-year growth of 20.89% [2][3] - The top three securities apps, Tonghuashun, Dongfang Caifu, and Dazhihui, dominate the market with a combined user base of nearly 40% [1][3] User Engagement and Market Trends - The trading volume in the Shanghai and Shenzhen markets exceeded 3.17 trillion yuan, with 11 consecutive trading days surpassing 2 trillion yuan [1] - The top ten securities apps accounted for 63% of the market share in July 2025, indicating a strengthening of the head effect in the industry [3][4] - Users are increasingly favoring platforms with comprehensive features and mature ecosystems, reflecting a shift from tool-based to ecosystem-based services [4] Competitive Landscape - Tonghuashun leads the industry with a monthly active user count of 35.01 million, followed by Dongfang Caifu and Dazhihui with 17.14 million and 11.92 million, respectively [3][5] - Major brokerages like Huatai Securities and Guotai Junan are also seeing significant user engagement, with Huatai's app surpassing 10 million monthly active users [3][5] - Smaller brokerages are experiencing rapid growth in app usage, with notable increases in user engagement for apps like Xinye Securities and Changjiang Securities [6] Innovation and Technology Integration - The integration of AI technologies into securities apps is becoming a focal point for enhancing user experience and operational efficiency [7][8] - Companies like Guotai Junan and GF Securities are leading the charge in AI-driven app upgrades, aiming to transform traditional services into intelligent investment partners [7][8] - The shift towards AI-enhanced services is expected to improve customer interaction rates and reduce operational costs, thereby driving revenue growth across various business lines [8]

Core Insights - The active user base of securities apps has significantly increased due to heightened trading activity in the A-share market, with July seeing a total of 1.67 billion monthly active users, a 3.36% increase from the previous month and a 20.89% increase year-on-year [2][3] Group 1: Market Activity - In July, the number of new A-share accounts opened reached 1.9636 million, marking a 19.27% month-on-month increase and a 70.54% year-on-year increase [2] - The total number of new accounts opened in the first seven months of the year reached 14.5614 million, reflecting a year-on-year growth of 36.88% [2] Group 2: App Performance - All 50 securities apps reported a month-on-month increase in active users in July, with an average growth rate of 3.78% [3] - Notably, the app "Xinan Jindianzi" from Southwest Securities saw the highest month-on-month growth at 8.49% [3] Group 3: Technological Advancements - Securities firms are enhancing their apps through AI capabilities to improve user experience and service efficiency, with features like intelligent dialogue and market monitoring being introduced [4] - The integration of AI technology allows for personalized services and automated matching for different investor types, enhancing the overall user experience [4] Group 4: Competitive Landscape - The competition among securities apps is intensifying, with firms focusing on user-friendly designs and technological upgrades to meet investor demands [6] - The ability to provide personalized investment research and decision-making support through financial technology is crucial for firms to retain customers and expand market share [6]

Core Viewpoint - The National Cybersecurity Notification Center has reported that over 60 mobile applications, including those from seven financial institutions, are found to be illegally collecting and using personal information [1][2][3] Group 1: Violations Identified - A total of 13 types of violations were identified among the 60+ mobile applications [2] - The most common violations include: - Lack of detailed privacy policies outlining the purpose, method, and scope of personal information collection, affecting 25 applications including those from Longjiang Bank and ShenGang Securities [1][2] - Failure to provide users with a way to withdraw consent for personal information collection, impacting 30 applications including those from Industrial Bank and Hainan Airlines [2] - Inadequate security measures such as encryption and de-identification, affecting 29 applications including those from Chengtong Securities and Zhilian Recruitment [2] Group 2: Financial Institutions Involved - The financial institutions implicated include four brokerages: Chengtong Securities, Industrial Bank, ShenGang Securities, and Wukuang Securities, as well as three banks: Longjiang Bank, Wuhai Bank, and Haixia Bank [1][2] - Specific versions of the mobile applications that were flagged include: - Chengtong Securities (version 6.0.3.0), ShenGang Securities (version 3.1.7), Industrial Bank (version 8.9.0), Wukuang Securities (version 3.40.2), Wuhai Bank (version 5.0.1), Haixia Bank (version 4.0.0), and Longjiang Bank (version 2.00.03) [2][3] Group 3: Broader Implications - The violations are not limited to financial applications; they also encompass a wide range of sectors including dining, gaming, recruitment, and lifestyle services [2] - The National Cybersecurity Notification Center has released six lists of violating mobile applications since 2025, indicating a persistent issue within the industry [3] - The central authorities are conducting a series of special actions to protect personal information, with a focus on addressing typical violations and ensuring compliance [3]

6月18日，国家网络安全通报中心发布消息称，经国家计算机病毒应急处理中心检测，发现64款移动应 用存在违法违规收集使用个人信息的情况。其中，有7家金融机构的APP在列，分别是诚通证券、兴业 证券、申港证券、五矿证券等4家券商，龙江银行、乌海银行和海峡银行等3家银行。 64款移动应用违规被通报，5种行为是"重灾区" 上述被点名的64款移动应用，共涉及13项违规行为，其中有5种行为是"重灾区"：一是在App首次运行 时未通过弹窗等明显方式提示用户阅读隐私政策等收集使用规则；个人信息处理者在处理个人信息前， 未以显著方式、清晰易懂的语言真实、准确、完整地向个人告知个人信息处理者的名称或者姓名、联系 方式、个人信息的保存期限等。涉及星巴克、古茗、太平洋咖啡等10款移动应用。 二是隐私政策未逐一列出App（包括委托的第三方或嵌入的第三方代码、插件）收集使用个人信息的目 的、方式、范围等。涉及龙江银行、申港证券等25款应用。 三是个人信息处理者向其他个人信息处理者提供其处理的个人信息的，未向个人告知接收方的名称或者 姓名、联系方式、处理目的、处理方式和个人信息的种类，并取得个人的单独同意。涉及诚通证券、海 峡银行、兴业证 ...

Core Insights - The number of brokerage apps with over 1 million monthly active users reached 25, showing a positive month-on-month growth with an average increase of 3.35% in March compared to February [1][2] - The highest month-on-month growth was observed in Xinda Securities' app "Xinda Tianxia" with an increase of 5.29%, while the lowest growth was in Huaxi Securities' app "Huacai Rensheng" with an increase of only 2.07% [1][2] Monthly Active User Growth of Brokerage Apps - The top brokerage apps by month-on-month growth in March are as follows: - 1st: "Zhangle Caifutong" by Huatai Securities with a growth of 2.79% [2] - 2nd: "Guotai Haitong Junhong" by Guotai Junan Securities with a growth of 2.66% [2] - 3rd: "Ping An Securities" with a growth of 2.80% [2] - 4th: "Zhaoshang Securities" with a growth of 4.37% [2] - 5th: "CITIC Securities Xin E-Tou" with a growth of 3.95% [2] - 6th: "Guotai Haitong Tongcai" by Haitong Securities with a growth of 2.38% [2] - 7th: "Qingting Diankin" by CITIC JianTou Securities with a growth of 4.09% [2] - 8th: "GF Securities Yitaojin" with a growth of 3.84% [2] - 9th: "Xiaofang" by Fangzheng Securities with a growth of 3.53% [2] - 10th: "China Galaxy Securities" with a growth of 2.75% [2] - Other notable apps include "Xinda Tianxia" by Xinda Securities with a growth of 5.29% and "Yuli Bao" by Industrial Bank with a growth of 5.89% [2]