--- title: "The Shanghai Composite Index returns to 4000 points, the Tianhong Securities ETF (159841) underlying index rises during the session, and the sector welcomes multiple catalysts such as high performance growth and the reform of the ChiNext" type: "News" locale: "en" url: "https://longbridge.com/en/news/282617065.md" description: "On April 14th, the three major A-share indices opened higher collectively, with the Shanghai Composite Index returning to 4,000 points. The CSI All Share Investment Banking & Brokerage Index rose by 0.06%, with GF SECURITIES and Guojin Securities performing outstandingly. The securities ETF Tianhong (159841) had a trading volume exceeding 57 million yuan, with a circulating share of 10.816 billion shares. CITIC Securities reported a significant increase in Q1 performance, with operating revenue of 23.155 billion yuan and net profit of 10.216 billion yuan. The China Securities Regulatory Commission released opinions on the reform of the ChiNext, benefiting the brokerage sector significantly, and Shenwan Hongyuan is optimistic about the allocation value of brokerages" datetime: "2026-04-14T02:19:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282617065.md) - [en](https://longbridge.com/en/news/282617065.md) - [zh-HK](https://longbridge.com/zh-HK/news/282617065.md) --- # The Shanghai Composite Index returns to 4000 points, the Tianhong Securities ETF (159841) underlying index rises during the session, and the sector welcomes multiple catalysts such as high performance growth and the reform of the ChiNext On April 14th, in the early trading session, the three major A-share indices opened higher collectively, with the Shanghai Composite Index returning to 4,000 points. **As of the time of publication, the CSI All Share Investment Banking & Brokerage Index was up 0.06%.** Among the constituent stocks, GF Securities, Guojin Securities, and Guosen Securities saw the largest gains. In the ETFs tracking this index, the Tianhong Securities ETF (159841) has seen real-time trading volume exceed 57 million yuan, with a premium rate of 0.03%, frequently experiencing premium trading during the session. As of the latest close, the latest circulating share count for this ETF was 10.816 billion shares, **with a latest circulating scale of 10.539 billion yuan, ranking first among the same category in the Shenzhen market.** The Tianhong Securities ETF (159841) closely tracks the CSI All Share Investment Banking & Brokerage Index, which focuses on large-cap securities leaders in the A-share market, including both traditional securities leaders and financial technology leaders. The Tianhong Securities ETF (159841) also allocates to off-exchange securities ETF connection funds (A: 008590, C: 008591). On the news front, CITIC Securities disclosed its first-quarter performance, reporting an operating income of 23.155 billion yuan for Q1 2026, a year-on-year increase of 40.91%; and a net profit attributable to shareholders of the parent company (hereinafter referred to as "net profit") of 10.216 billion yuan, a year-on-year increase of 54.60%. Additionally, on April 10th, the China Securities Regulatory Commission released the "Opinions on Deepening the Reform of the Growth Enterprise Market to Better Serve the Development of New Quality Productive Forces." In terms of optimizing the issuance and listing standards to enhance inclusiveness and attractiveness, the "Opinions" clearly proposed "adding a fourth set of listing standards for the Growth Enterprise Market to provide better financial services for high-quality innovative and entrepreneurial enterprises in emerging and future industries." Shenwan Hongyuan believes that **brokerages, as core intermediary institutions in the capital market, will benefit from this Growth Enterprise Market reform.** Shenwan Hongyuan Securities pointed out that the brokerage sector is experiencing high growth in performance, the reform of the Growth Enterprise Market, easing pressures, and low valuations, creating a resonance of multiple factors that catalyze the sector. The characteristics of "high ROE, low PB" are prominent, and we firmly believe in the allocation value of the brokerage sector. ### Related Stocks - [600030.CN](https://longbridge.com/en/quote/600030.CN.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [512880.CN](https://longbridge.com/en/quote/512880.CN.md) - [159841.CN](https://longbridge.com/en/quote/159841.CN.md) - [159842.CN](https://longbridge.com/en/quote/159842.CN.md) - [512000.CN](https://longbridge.com/en/quote/512000.CN.md) ## Related News & Research - [CITIC Securities Unveils 2026 Plan to Boost Value, Returns and Green Finance Focus](https://longbridge.com/en/news/283991471.md) - [1 Rapidly Deteriorating ETF Screams That ‘Shop ‘Til You Drop’ Americans Have All But Keeled Over](https://longbridge.com/en/news/286429552.md) - [BNB ETF Could Be Next Big Crypto Breakthrough, Says Bloomberg Analyst](https://longbridge.com/en/news/286639724.md) - [This ETF Is Flying High Again. 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