Group 1 - The core viewpoint of the article highlights the significant inflow into the securities ETF (512880), which has seen over 1.6 billion yuan in net inflows over two consecutive days, bringing its total scale to over 38 billion yuan, making it the largest in its category [1] - The recovery of the market and favorable policies are expected to benefit brokerage, investment banking, and capital intermediary businesses, leading to further valuation recovery in the brokerage sector [1] - HuLong Securities indicates that sustained market activity is directly boosting brokerage and proprietary trading businesses, with a positive trend in net profit growth for brokerages in the first half of the year, and an expected increase in ROE [1] Group 2 - The deepening of policy dividends is opening up incremental space for growth, suggesting that the valuation of the brokerage sector is likely to improve [1] - Investors interested in the largest securities ETF (512880) can also consider the linked fund (012363) to capture investment opportunities in the securities sector [1]