Incremental funds actively entering the market, new account openings increased by over 50% year-on-year

Securities Times reporter Hu Feijun

Since 2026, trading in the A-share market has remained active, and investors have shown high enthusiasm for entering the market. According to the latest data from the Shanghai Stock Exchange, the number of new accounts opened for Shanghai A-shares in March this year exceeded 4.6 million, up 82.38% month-on-month and 50.10% year-on-year. In the first quarter, the cumulative number of new accounts opened for Shanghai A-shares reached 12.0402 million, up 61.15% year-on-year.

Since January, new account openings for Shanghai A-shares have shown a trend of “rising high, retreating, and then surging again.” The number of accounts opened in January was 4.9158 million. In February, affected by fewer trading days during the Spring Festival holiday, it fell to 2.52M. In March, it rebounded significantly to 4.6014 million. Judging from the composition of new account openings in March, individual investors opened 4.5882 million accounts, while institutions opened 13.2 thousand accounts; individual investors remain the main force. In addition, in March, Shanghai B-shares saw 0.12 thousand new account openings, and fund new account openings were 13.2k.

In the overall A-share market in March, there was a pattern of surging high, then pulling back, followed by stabilizing and consolidating. Although the benchmark index performed relatively weakly, there were many opportunities with a structural character. Sectors such as power, pharmaceuticals, computing power, and chemicals rotated and strengthened, to a certain extent boosting the willingness of incremental funds to enter the market.

In the first quarter this year, the year-on-year increase in the number of new accounts opened for Shanghai A-shares exceeded 60%, directly boosting securities firms’ brokerage business. A manager of a mid-sized securities firm’s Shenzhen branch told Securities Times reporters that, in the first quarter, overall market trading was active, and the brokerage business of the branch achieved a relatively noticeable increase.

A research report from CICC (China Securities Construction Investment) believes that, in the long term, the concentrated volume expansion of new account openings has laid a stronger foundation of incremental funds for A-share market performance, and it will continue to inject long-term momentum. Soochow Securities (601555) also said that, benefited by the month-on-month improvement in trading volume and the activity of the capital market, it expects that securities firms’ first-quarter performance will continue to grow at a high rate.

Some securities firms also released optimistic expectations in advance. Dongguan Securities disclosed in its updated prospectus that it expects to achieve operating revenue of 1.2k to 394k yuan in the first quarter this year, representing a year-on-year increase of 26.62% to 39.95%; and attributable net profit of 861M to 952M yuan, representing a year-on-year increase of 63.06% to 80.23%. The main reason for the expected profit increase is that in the first quarter, the year-on-year growth in one-way trading value of stocks and funds rose sharply, which is expected to drive year-on-year growth in both net brokerage fee income and net interest income.

(Editor-in-charge: Dong Pingping)

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