Fundamentals are sound, combined with low valuation, institutions are bullish on the investment value of the securities industry sector.

Since the end of August, although the brokerage sector has been continuously adjusting, capital is still increasing its position. Wind data shows that as of September 19, brokerage ETFs have experienced net inflows for 17 consecutive trading days, totaling over 6 billion yuan. In the view of industry insiders, there is no need to worry too much about the recent adjustment of the brokerage sector. Benefiting from the increase in activity in the capital markets and new business growth opportunities brought about by industry transformation, the fundamentals of the brokerage sector are solid. In addition, the sector's valuation is still at a low level, so it is still considered a good opportunity for strategic allocation in the brokerage sector.