Large financial sector movements, the underlying indices of the Securities ETF E Fund (512570) and the Securities and Insurance ETF E Fund (512070) increased by nearly 1%

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On the morning of March 24, the major financial sector stocks collectively gained strength, with China Petroleum Capital rising over 4%, First Venture Securities up more than 3%, and several heavyweight brokerage stocks rebounding. By midday, the CSI All Share Securities Company Index increased by 1.0%, and the CSI 300 Non-Banking Financial Index rose by 0.9%.

Huatai Securities stated that, based on past cycles, brokerage performance has experienced significant fluctuations with the market, but the current market environment has undergone a fundamental change. The number of investors and listed companies has expanded, medium- and long-term funds continue to enter the market, and brokerage business lines are performing well, with international business increasing quality and volume. Looking ahead, under the policy tone supporting the development of the capital market, a slow bull market is expected. Brokerage businesses will continue to diversify, shifting from pulse-driven growth to steady growth, with improved stability in performance growth.

It is reported that the securities ETF E Fund (512570, Connect Fund A/C: 012590/012700), tracking the CSI All Share Securities Company Index, consists of no more than 50 large-cap, highly liquid securities stocks in the securities industry, focusing on leading brokerages; the securities and insurance ETF E Fund (512070, Connect Fund A/C: 000950/007882), tracking the CSI 300 Non-Banking Financial Index, covers insurance, securities, and diversified financial industries, with securities accounting for about 60% and insurance about 40%, helping investors conveniently allocate to the non-bank financial sector.

Daily Economic News

(Editors: Zhang Xiaobo)

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