跟踪中证香港证券投资主题指数 该指数由港股通范围内属于资产 管理与托管银行、投资银行业与 经纪业的股票以及港交所作为指 数样本,反映港股通范围内证券 行业的整体表现 ▽日 该指数涨跌 该指数市净率 今日，A股金融板块逆势走强，截至收盘，沪深300非银行金融指数上涨0.6%，中证银行指数上涨0.5%，中证全指证券公司指数上涨0.4%，香港证券指数下 跌1.5%。 浙商证券研报指出，保险行业负债端景气，投资端有韧性；证券行业受益于市场活跃度提升，利润延续高增。非银板块当前兼具胜率与赔率，估值与业绩有 望形成戴维斯双击。 该指数自 发布以来们 1.1倍 68. 法! "该指数"指名上述基金产品具体规踪的指数,数据来自和ind,折敷溶媒概要至2025年10月10日收盘,市净率、估值分位截至2025年10月9日。市净率PBLE产Σ《成分股,总市值》/Σ《 告期LF）;该估值指标适用于固定资产费量较大月账面价值较为稳定的企业,或是盈利周期性波动的企业,估值分位指该指数历史上市净率低于当前市净率的时间占比,估值分位低表示相对 为报数发布日至2025年10月9日、中证全指证券公司报数2013年7月15日发布，中证银行报数20 ...

华泰证券指出，两融余额续创新高，市场活跃度不断提升，证券板块有望受益，头部券商当前的估值性 价比较高。 香港证券指数从港股通证券范围中选取证券投资主题类上市公司证券作为指数样本，一键打包港股上市 券商；中证全指证券公司指数选取中证全指中所有证券行业的上市公司作为指数样本。香港证券ETF （513090）和证券ETF易方达（512570）分别跟踪上述指数，可助力投资者便捷布局券商板块投资机 遇。 （文章来源：每日经济新闻） 大盘早盘回调，券商板块逆势上涨，截至10:45，香港证券指数上涨0.9%，中证全指证券公司指数上涨 1.3%，香港证券ETF（513090）盘中成交额超150亿元，领跑全市场ETF。 资本市场数据稳中向好。Wind数据显示，A股两融余额最新交易日上探到2.44万亿元，续创历史新高； 两地市场活跃度均不断提升，A股三季度日均成交额达2.13万亿元，同比/环比分别增长210%/67%，港 股三季度日均成交额达2222亿元，同比/环比分别增长172%/29%。 ...

Core Viewpoint - The securities sector is experiencing significant growth, with major indices showing substantial increases and trading volumes reaching historical highs, indicating a favorable environment for investment in brokerage firms [1]. Group 1: Market Performance - As of 13:50, the Hong Kong Securities Index rose by 9.7%, while the CSI All Share Securities Companies Index increased by 6.3% [1]. - The Hong Kong Securities ETF (513090) recorded a real-time trading volume exceeding 30 billion yuan, making it the top ETF in the market [1]. Group 2: Margin Trading and Market Activity - The A-share margin trading balance has reached a historical high, maintaining above 2.4 trillion yuan for nearly five consecutive trading days [1]. - As of September 26, the average daily trading volume for A-shares in Q3 2025 reached 21,223 billion yuan, reflecting a 67% increase compared to Q2 and over 200% year-on-year growth compared to Q3 of the previous year [1]. Group 3: Investment Opportunities - Huatai Securities noted that the continuous increase in margin trading balance and rising market activity are likely to benefit the securities sector, with leading brokerage firms currently offering attractive valuation propositions [1]. - The Hong Kong Securities Index selects listed companies focused on securities investment, while the CSI All Share Securities Companies Index includes all listed companies in the securities industry, providing a comprehensive investment opportunity for investors [1].

Group 1 - The index consists of 27 stocks, with the insurance industry accounting for over 35%, making it one of the indices with the highest representation of the insurance sector in the market [3] - The Hong Kong Securities ETF tracks the CSI Hong Kong Securities Investment Theme Index, which includes stocks from asset management, custodial banks, investment banking, and brokerage industries within the Stock Connect range [3] - The index reflects the overall performance of the securities industry within the Stock Connect range [3]

Group 1 - The core viewpoint of the articles indicates a decline in the China Securities Investment Theme Index, with major stocks like CITIC Securities and China Galaxy experiencing notable drops [1][3] - The Hong Kong Securities ETF (513090) has seen significant capital inflows, with over 830 million net inflow in a single day and a total of over 6.2 billion in the last 20 days, reaching a new high in total assets of 33.318 billion [1][3] - Huatai Securities highlights that brokerage investment and brokerage business are benefiting from a high-growth market environment, indicating a positive outlook for the sector's performance and value reassessment [3] Group 2 - The Hong Kong Securities ETF (513090) tracks the China Securities Investment Theme Index, focusing on leading brokerage firms, with the top ten stocks accounting for over 80% of the index [3] - The ETF has a low combined management and custody fee rate of only 0.2% per year, allowing for T+0 trading, which presents a cost-effective opportunity for investors in the brokerage sector [3] - Related products include the Hong Kong Securities ETF (513090) and E Fund Securities ETF (512570), with various classes available for investment [3]

Group 1 - The China Securities Hong Kong Investment Theme Index (930709) has seen a decline of 1.68%, with major stocks like CITIC Securities down 1.4% and China Galaxy down 2.5% [1] - The Hong Kong Securities ETF (513090) has attracted significant capital, with over 2 billion yuan in inflows in the past 5 days, 3.2 billion yuan in the past 10 days, and nearly 7 billion yuan in the past 20 days, reaching a new high of 33.19 billion yuan in total size [1][3] - The ETF has seen a growth of nearly 26 billion yuan since June, indicating strong investor interest in the sector [1] Group 2 - According to Guojin Securities, the IPO and refinancing markets have shown signs of recovery this year, with the equity underwriting scale increasing by 403% year-on-year and debt underwriting scale growing by 20% [3] - The investment banking business for securities firms is gaining momentum, with listed securities firms generating over 15.6 billion yuan in investment banking revenue in the first half of the year, a year-on-year increase of over 17% [3] - Major firms like CITIC Securities, CICC, Guotai Junan, Huatai Securities, and CITIC Jianan have all surpassed 1 billion yuan in net commission income, maintaining their positions in the top tier [3]

Market Performance - The CSI All Share Securities Company Index rose by 3.1%, while the CSI 300 Non-Bank Financial Index increased by 2.5% and the Hong Kong Securities Index went up by 0.9% [1] - The CSI Bank Index saw a modest increase of 0.5% [1] - The Hong Kong Securities ETF (513090) supported T+0 trading with a total trading volume of nearly 20 billion yuan, leading the market in stock-type ETFs [1] Fund Inflows - The Hong Kong Securities ETF experienced a continuous net inflow of funds, totaling over 1.7 billion yuan in the past week [1] Market Liquidity - According to招商证券国际, the stabilization of the Hong Kong dollar and the pause in net absorption by the Monetary Authority are contributing to a marginal improvement in liquidity in the Hong Kong stock market [1] - The significantly lower-than-expected U.S. non-farm payroll data for August has made a rate cut by the Federal Reserve in September almost certain, which is expected to further enhance liquidity in the Hong Kong market [1] - As a sector closely related to market liquidity, brokerage firms are anticipated to benefit from these developments [1]

Group 1 - The core viewpoint of the news indicates a positive trend in the capital market, with various indices showing gains, particularly the CSI All Share Securities Company Index rising by 1.9% and the CSI 300 Non-Bank Financial Index increasing by 1.4% [1] - The Hong Kong Securities ETF has seen significant inflows, accumulating nearly 2.5 billion yuan over the past five trading days, bringing its total size to 29.1 billion yuan [1] - Minsheng Securities suggests that the active trading environment and the continuous expansion of margin financing balances will likely support the recovery trend in brokerage firms' performance [1] Group 2 - Recent revisions to the classification evaluation indicators for securities companies are expected to enhance the industry's competitiveness, benefiting leading brokerages and smaller firms with distinctive equity business [1]

Core Viewpoint - The securities sector is experiencing a significant rally, with major indices showing strong upward movement, indicating a robust market atmosphere and potential for continued growth in the sector [1]. Group 1: Market Performance - As of 14:30, the CSI All Share Securities Company Index rose by 3.1%, and the CSI 300 Non-Bank Financial Index increased by 2.7% [1]. - Notable stocks include Xinda Securities and Everbright Securities, which hit the daily limit, while GF Securities surged over 6% [1]. Group 2: User Engagement - In July, the monthly active users of securities service applications reached 167 million, reflecting a month-on-month increase of 3.36% from 161 million in June, which had a growth of 0.65% [1]. Group 3: Analyst Insights - Huatai Securities suggests that the current yield on equity assets is steadily increasing, with resident funds gradually entering the market, indicating optimism about the sustainability of market growth [1]. - The securities sector is viewed as undervalued and underweighted, entering a new phase of performance and valuation recovery in the current market environment [1]. Group 4: Investment Opportunities - The CSI All Share Securities Company Index focuses on leading securities firms, reflecting the overall performance of the A-share securities industry [1]. - The CSI 300 Non-Bank Financial Index consists of 27 stocks from capital markets, other financial sectors, and the insurance industry, with a significant proportion from the securities and insurance sectors [1]. - Securities ETFs, such as E Fund (512570) and Securities Insurance ETF (512070), track these indices, providing investors with opportunities to capitalize on the securities sector [1].

Market Performance - The China Securities Bank Index and Hong Kong Securities Index both increased by 0.6%, while the CSI 300 Non-Bank Financial Index decreased by 0.2%, and the CSI All Share Securities Company Index fell by 0.8% [1] - The Hong Kong Securities ETF (513090) had a trading volume of nearly 20 billion yuan today, with its scale increasing by nearly 13 billion yuan over the past month, reaching a latest scale of 28 billion yuan [1] ETF Overview - The E Fund Securities ETF (512570) tracks the CSI All Share Securities Company Index, which consists of 50 large-cap, liquid A-share stocks, reflecting the overall performance of the A-share securities industry. The index has a price-to-book ratio of 1.7 times and has seen a decline of 0.8% since its inception in 2013 [3] - The E Fund Bank ETF (516310) tracks the China Securities Bank Index, which includes 42 large-cap, liquid bank stocks, reflecting the overall performance of the A-share banking industry. The index has a price-to-book ratio of 0.7 times and has increased by 0.6% since its inception in 2013 [3] - The Securities and Insurance ETF (512070) tracks the CSI 300 Non-Bank Financial Index, which consists of 27 stocks from the CSI 300 Index, with over 35% of its composition from the insurance sector. The index has a price-to-book ratio of 1.6 times and has decreased by 0.2% since its inception in 2012 [3] - The Hong Kong Securities ETF (513090) tracks the CSI Hong Kong Securities Investment Theme Index, which includes stocks from the Hong Kong Stock Connect range, reflecting the overall performance of the securities industry within that scope. The index has a price-to-book ratio of 1.1 times and has increased by 0.6% since its inception in 2015 [3]