--- title: "The trading volume of Shanghai and Shenzhen exceeds 2 trillion, and securities firms are increasing their holdings with \"real money\" to show confidence. The securities ETF Harvest provides a one-click layout for the fundamental valuation resonance opportunities in the brokerage sector" type: "News" locale: "en" url: "https://longbridge.com/en/news/279358492.md" description: "On March 17, 2026, the trading volume of the Shanghai and Shenzhen stock markets exceeded 2 trillion yuan for the 15th consecutive trading day, with the securities company index rising by 2.35%. Multiple brokerage firms increased their holdings or repurchased shares to boost market confidence, resonating with the industry's fundamentals and valuations. Policies support state-owned financial institutions in enhancing service levels, and brokerage PB valuations are at historical lows, offering high cost-performance ratios. Leading brokerages benefit from reform dividends, with strengthened business synergies, and those serving the real economy and household wealth management are expected to break through. The securities ETF closely tracks the Harvest CSI All Share Investment Banking & Brokerage ETF" datetime: "2026-03-17T02:54:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279358492.md) - [en](https://longbridge.com/en/news/279358492.md) - [zh-HK](https://longbridge.com/zh-HK/news/279358492.md) --- # The trading volume of Shanghai and Shenzhen exceeds 2 trillion, and securities firms are increasing their holdings with "real money" to show confidence. The securities ETF Harvest provides a one-click layout for the fundamental valuation resonance opportunities in the brokerage sector On the morning of March 17, 2026, as of 10:13, the CSI All Share Investment Banking & Brokerage Index surged by 2.35%. Component stocks such as Guosen Securities rose by 6.25%, GF Securities increased by 4.30%, Huatai Securities went up by 3.70%, and stocks like Dongfang Caifu and CITIC Securities also followed suit. In terms of news, as of March 16, the trading volume of the Shanghai and Shenzhen stock markets has exceeded 2 trillion yuan for the 15th consecutive trading day. Since the beginning of 2026, several listed securities firms or securities concept stocks, including Huaxin Securities, Hongta Securities, and Guotai Junan, have announced progress on increasing holdings or repurchasing shares, conveying confidence to the market with real capital. This aligns with institutional judgments on the dual offensive and defensive configuration of the brokerage sector. Industry insiders believe that driven by factors such as increased market activity and the release of policy dividends, the brokerage sector is entering a resonance window for fundamentals and valuations. Additionally, the "14th Five-Year Plan" outline has been officially released, clearly emphasizing "risk prevention, strong regulation, and promoting high-quality development," and adding "supporting large state-owned financial institutions to enhance comprehensive service levels, strictly regulating the access standards and supervision requirements for small and medium-sized financial institutions, and cultivating first-class investment banks and investment institutions," reflecting a policy orientation to support the strong and limit the weak, aiming to create internationally competitive leading brokerages. Currently, the PB valuation of the securities sector is at the 25th percentile over the past decade, at a historical low, highlighting the cost-effectiveness of allocation. Shanxi Securities stated that the securities industry is shifting from scale expansion and channel-driven growth to value orientation and professional service-driven growth, with leading brokerages that have advantages in industrial investment banking and technology investment banking benefiting more deeply from reform dividends. At the same time, business synergy is strengthened, creating a closed loop of "investment research + investment banking + investment." Brokerages that deepen functional positioning, integrate into industrial development, and serve the real economy and residents' wealth management are expected to break through. Data shows that as of February 27, 2026, the top ten weighted stocks in the CSI All Share Investment Banking & Brokerage Index are Dongfang Caifu, CITIC Securities, Guotai Haitong, Huatai Securities, China Merchants Securities, GF Securities, Dongfang Securities, Industrial Securities, Shenwan Hongyuan, and CICC, with the top ten weighted stocks accounting for a total of 60.15%. The securities ETF Harvest (562870) closely tracks the CSI All Share Investment Banking & Brokerage Index, providing deep coverage of the securities industry. Investors without stock accounts can access opportunities in the brokerage sector through the Harvest Securities ETF Connect Fund (016842) ### Related Stocks - [399975.CN](https://longbridge.com/en/quote/399975.CN.md) - [562870.CN](https://longbridge.com/en/quote/562870.CN.md) ## Related News & Research - [Universal Digital Inc. 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