On December 28, A-shares rose sharply across the board, and the "standard-bearer" brokerage sector went on the offensive again, with the overall increase of more than 25% are red across the board. **At the level, Huaxin shares touched the board for the second consecutive day, Guosheng Financial Holdings rose by more than 6%, and Oriental Wealth, Oriental **, CICC and other weighted leading stocks performed well.
Since the Politburo meeting in July, the policy "combination punch" for the capital market has been strongly introduced, fully releasing a strong signal of stabilizing expectations and strengthening confidence. At present, the trend of the brokerage sector reflects more of the expectation of the active capital market to boost the various businesses of the brokerage, focusing on the upcoming "Action Plan for the Reform of the Investment End of the Capital Market". In the context of the continuous reform of the investment side, the brokerage sector is expected to be active repeatedly, and is expected to become the leading sector of the Chinese army when the market becomes stronger, and actively maintain continuous attention to the brokerage sector.
At present, the brokerage sector is at the bottom of the valuation range, as of December 27, the price-to-book ratio of the brokerage sector is only 126, which is cheaper than nearly 93% of the time in history. At the time when the three important catalytic factors of policy, liquidity and valuation factors are available, the brokerage sector is worth continuing to look forward to.
*etf（159841）。The market is risky, and investors need to be cautious.
*: Tianhong**.