Galaxy Securities pointed out that the country's policy goals of “steady growth, stabilizing the stock market” and “boosting the capital market” will continue to set the future direction of the sector. Various factors such as continuing a moderately relaxed environment of liquidity, continuous optimization of the capital market environment, and reshaping investor confidence will jointly drive the upward trend in the securities sector. In the current environment, medium- to long-term capital enters the market at an accelerated pace, market activity remains high, and the capital market is showing a “healthy bull” trend. Wealth management transformation, international business expansion, and financial technology empowerment are all expected to drive the industry to increase ROE. Currently, sector valuations are at historically low levels, and both defensive rebound offense and defense are at their best.

Galaxy Securities pointed out that the country's policy goals of “steady growth, stabilizing the stock market” and “boosting the capital market” will continue to set the future direction of the sector. Various factors such as continuing a moderately relaxed environment of liquidity, continuous optimization of the capital market environment, and reshaping investor confidence will jointly drive the upward trend in the securities sector. In the current environment, medium- to long-term capital enters the market at an accelerated pace, market activity remains high, and the capital market is showing a “healthy bull” trend. Wealth management transformation, international business expansion, and financial technology empowerment are all expected to drive the industry to increase ROE. Currently, sector valuations are at historically low levels, and both defensive rebound offense and defense are at their best.