Group 1 - The three major indices experienced a decline, with the brokerage sector falling, as evidenced by the brokerage ETF fund (515010) dropping by 0.96% as of 14:05 on September 30 [3] - In September, the brokerage ETF fund (515010) saw net inflows of funds on 17 out of 21 trading days, totaling 360 million yuan, reaching a new high of 1.786 billion yuan as of September 29 [3] - The brokerage ETF fund (515010) tracks the securities company index (code 399975), with the top ten constituent stocks accounting for 60.56% of the weight, including major brokerages like CITIC Securities and Huatai Securities, benefiting directly from the recovery of the A-share market [3] Group 2 - The financial technology ETF Huaxia (516100) closely tracks the CSI Financial Technology Theme Index, covering software development, internet finance, and the digital currency industry chain, potentially benefiting from both market recovery and AI-related catalysts [3] - The management and custody fee rate for the brokerage ETF fund (515010) is the lowest in the sector at a combined rate of 0.2%, facilitating lower-cost investments in the brokerage sector [3]

9月29日，券商板块午后再度发力。截至14:00，券商ETF基金（515010）涨6.96%，持仓股广发证券、 湘财证券、华泰证券、国盛金控等股批量涨停，东方证券、东方财富、东吴证券等股纷纷异动；金融科 技ETF华夏（516100）涨4.59%。 中原证券分析指出，9月券商指数走势由前期的相对强势显著转弱，板块平均P/B由月初的1.60倍上方再 度回落至2016年以来1.55倍的板块平均估值之下，近日进一步回落至1.50倍之下。虽然四季度行业经营 业绩面临一定的同比压力，但在经历三季度的指数型上涨行情后日均成交量、两融等关键业务指标均创 历史新高，权益自营有望对冲固收自营的下行空间，券商板块持续走弱的空间相对有限。预计四季度券 商板块平均P/B的核心波动区间将维持在1.40倍-1.60之间，中短周期内如果券商板块向估值波动区间的 下限靠拢，仍是再度布局券商板块的良机，积极保持对政策面、市场面以及券商板块的持续关注。 相关产品： 券商ETF基金（515010）跟踪证券公司指数（代码399975），指数前十大成份股权重达60.56%，包括中 信证券、东方财富、国泰海通、华泰证券、招商证券等头部券商，一键配置券商龙 ...

Wind金融终端数据显示，截至9月26日 ，证券公司指数年内涨幅仅3.23%，大幅跑输上证、深成、创业 板指数分别14.21%、26.83%、47.16%的涨幅。当前，券商板块市盈率TTM估值为19.63倍，位于近十年 28.89分位点附近，处于历史低位。 金融科技ETF华夏（516100）紧密跟踪中证金融科技主题指数，涵盖软件开发、互联网金融产业链，兼 具金融属性与科技属性，有望受益行情回暖及AI双重利好催化。 9月29日，"牛市旗手"券商板块午后再度大幅走高，截至13：57，券商ETF基金（515010）涨6.60%， 其持仓股广发证券、湘财股份、国盛金控、华泰证券涨停，东方证券、东吴证券等股纷纷走强，金融科 技ETF华夏（516100）涨4.26%。 中航证券分析指出，截至9月25日，A股两融余额进一步增至2.44万亿元，再度刷新历史纪录。融资余额 占流通市值的比例为2.54%，融资买入额占A股成交额比重为11.80%。尽管两融业务持续升温，但市场 整体的杠杆水平仍处于稳健可控区间。具体来看，当前融资余额占流通市值的比例（2.54%）显著低于 4.72%的历史峰值，单日融资买入额占A股成交额的比重（11 ...

9月26日 ，A股震荡走低，科技股全线回调，截至收盘，上证指数跌0.65%报3828.11点，深证成指跌 1.76%，创业板指跌2.6%，全天成交2.17万亿元，券商ETF基金(515010)下跌0.36%，成交超5100万元， 其持仓股涨跌互现，湘财股份领涨4.11%，国投资本上涨1.97%，国信证券上涨0.53%；首创证券领跌 1.76%，天风证券下跌1.71%，东方财富下跌1.55%，金融科技ETF华夏（516100）跌2.37%。 8 月，市场日均成交额突破两万亿，市场情绪及交投活跃度持续提升，根据易观千帆数据，8 月证券类 应用活跃人数合计1.73 万亿，环比增长4%，同比增长27.26%，创2025年以来最高。随着资本市场改革 的持续推进、金融政策的不断加码，资本市场回稳向好态势稳固。 银河证券分析指出，国家"稳增长、稳股市"、"提振资本市场"的政策目标仍将持续定调板块未来走向， 流动性适度宽松环境延续、资本市场环境持续优化、投资者信心重塑等多方面因素共同推动证券板块景 气度上行，中长期资金扩容预期进一步增强基本面改善预期。截至2025年9月19日，证券板块PB估值 1.42x，处于2010以来2 ...

Group 1 - The three major indices showed strong fluctuations, with the technology sector continuing its strong performance, as evidenced by the financial technology ETF Huaxia (516100) rising by 1.59% and leading stocks like Tuosir (拓尔思) increasing by 5.65% [1] - In the past five trading days, the financial technology ETF Huaxia (516100) experienced net inflows of funds on four occasions, totaling 522 million yuan, while the brokerage ETF fund (515010) attracted 406 million yuan over the last 19 trading days [1] - The capital market's increased activity in the first half of 2025 is expected to drive strong revenue growth for financial information service providers such as Jifang Zhitu Holdings, Zhinancun, Dongfang Caifu, and Tonghuashun [1] Group 2 - The financial technology ETF Huaxia (516100) closely tracks the CSI Financial Technology Theme Index, covering software development, internet finance, and the digital currency industry chain, benefiting from both market recovery and AI-related catalysts [2] - The brokerage ETF fund (515010) tracks the securities company index, with the top ten constituent stocks accounting for 60.56% of the weight, including leading brokerages like CITIC Securities and Dongfang Caifu, providing a low-cost investment option with a total management and custody fee rate of 0.2% [2]

Core Viewpoint - The securities industry is experiencing strong growth, with significant increases in revenue and net profit for brokerages, indicating a positive outlook for the sector's performance in the upcoming quarters [1]. Group 1: ETF Performance - The Broker ETF Fund (515010) has seen a net inflow of 400 million yuan over the past 18 trading days, with 17 days recording net subscriptions [1]. - As of September 23, the latest scale of the Broker ETF Fund reached 1.712 billion yuan [1]. - The Financial Technology ETF Huaxia (516100) has also shown a slight decline of 0.13%, reflecting mixed performance in the sector [1]. Group 2: Industry Financials - The China Securities Association reported that 150 brokerages achieved a year-on-year revenue growth of 23.47% and a net profit growth of 40.37% in the first half of the year [1]. - Analysts expect further increases in industry profitability in the third quarter due to sustained market activity and high margin trading balances [1]. Group 3: ETF Composition - The Broker ETF Fund (515010) tracks the securities company index, with the top ten constituent stocks accounting for 60.56% of the index weight, including major firms like CITIC Securities and Huatai Securities [2]. - The Financial Technology ETF Huaxia (516100) closely follows the CSI Financial Technology Theme Index, covering sectors such as software development and internet finance, benefiting from both market recovery and AI advancements [2].

券商ETF基金（515010）跟踪证券公司指数（399975），指数前十大成份股权重达60.73%，包括中信证 券、东方财富、国泰海通、华泰证券、招商证券等头部券商，一键配置券商龙头。产品管理费托管费合 计0.2%为赛道最低费率档。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 据央视网，专家表示，七八月份资本市场交易活跃度显著提升，8月份上证指数突破3800点，A股总市 值超过100万亿元，日均股票成交额达2.3万亿元，为年内新高。资本市场交易活跃不仅直接带动资本市 场服务业税收大幅增长，还带动与资本市场相关的行业税收增长。 中航证券分析指出，年初以来，权益市场整体表现向好，但券商板块指数修复力度仍落后于大盘，大型 券商估值目前仍处于历史中低位水平。展望全年，资本市场预计将保持稳步向上趋势，业绩增长的可持 续性有望增强，板块具备估值修复潜力。在中长期资本市场向好趋势明确的背景下，券商业务的深度与 广度预计将进一步拓展，业务结构和估值均具备中长期增长空间。 金融科技ETF华夏（516100）紧密跟踪中证金融科技主题指数，涵盖软件开发、互联网金融及数字货币 ...

9月12日，三大指数高位震荡，金融科技、券商板块小幅下行，截至午间收盘，金融科技ETF华夏 (516100)下跌0.45%，其持仓股涨跌参半，创识科技领涨4.15%，荣联科技、大智慧、银之杰等股领涨； 星环科技领跌3.82%，信安世纪、高伟达、新晨科技等股领跌，最新报价1.54元，成交5523万元。 截至9月11日，金融科技ETF华夏近1年净值上涨153.90%，排名可比基金第一，指数股票型基金排名 14/3009，居于前0.47%。从收益能力看，截至2025年9月11日，金融科技ETF华夏自成立以来，最高单 月回报为55.18%，最长连涨月数为4个月，最长连涨涨幅为47.15%，上涨月份平均收益率为10.21%，年 盈利百分比为66.67%，历史持有3年盈利概率为81.40%。截至2025年9月11日，金融科技ETF华夏近6个 月超越基准年化收益为2.47%，排名可比基金1/3。 金融科技ETF华夏紧密跟踪中证金融科技主题指数，中证金融科技主题指数选取产品与服务涉及金融科 技相关领域的上市公司证券作为指数样本，以反映金融科技主题上市公司证券的整体表现。 数据显示，截至2025年8月29日，中证金融科技主题指 ...

Core Viewpoint - The financial technology and brokerage sectors have seen significant gains, driven by a strong performance in the technology sector, with notable increases in related ETFs and stocks [1][2]. Group 1: Financial Technology Sector Performance - The Huaxia Financial Technology ETF (516100) closed up 4.38%, marking two consecutive days of strong performance, with holdings like Xinghuan Technology-U rising over 17% and Ronglian Technology hitting the daily limit [1]. - Other leading stocks in the financial technology sector include Zhinan Zhen, Yinzhijie, which both rose over 8%, along with Wealth Trend, New Morning Technology, and Electronic Science Digital [1]. - The brokerage ETF fund (515010) also experienced a significant increase of 3.23% [1]. Group 2: Regulatory Developments - The China Securities Association has implemented a new evaluation method focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, effective immediately [1][2]. - The quantitative evaluation indicators emphasize the contributions and capabilities of securities firms in technology finance, reflecting the regulatory focus on this sector [2]. Group 3: Industry Insights - The technology finance indicators carry a total score of 50 points, highlighting the regulatory emphasis on the technology sector [2]. - A senior executive from a brokerage firm indicated that to excel in industry rankings, firms must enhance their focus on technology finance, making it a core priority for future operations [2]. - East Wu Securities noted that with policy support and economic stabilization, the demand for digital transformation in brokerages is accelerating, suggesting a positive outlook for the financial technology market [3].

9月10日，三大指数盘中集体走强，光模块、服务器概念领涨，炒股软件、券商板块涨跌不一，截至14 点10分，金融科技ETF华夏（516100）涨0.95%，其持仓股银之杰、东信和平、数字认证、指南针等股 涨幅居前，券商ETF基金（515010）跌0.14%，其持仓股国联民生、东方证券、中信建投等股领跌。 券商ETF基金（515010）跟踪证券公司指数，指数前十大成份股权重达60.73%，包括中信证券、东方财 富、国泰海通、华泰证券、招商证券等头部券商，一键配置券商龙头，直接受益A股行情回暖。 （文章来源：每日经济新闻） 相关产品： 金融科技ETF华夏（516100）紧密跟踪中证金融科技主题指数，涵盖软件开发、互联网金融及数字货币 产业链，兼具金融属性与科技属性，被誉为"新牛市旗手"，有望受益行情回暖及AI双重利好催化。 消息面上，2025 Inclusion·外滩大会"今日已在上海黄浦世博园区开幕，今年大会设置了10000平米科技 展览、5000平科技集市，吸引了近200家企业参展，超30项科技新品亮相。在"探索智能上限"板块，主 要展示从LLM到通用人工智能、具身智能、数据与计算、安全与可信等前沿技术布局，在 ...