Security Daily Commentary: The stabilization of the number of A-share account openings is a market signal worth paying attention to.

The article states that the latest data from the Shanghai Stock Exchange website shows that in November 2025, the number of new A-share investors reached 2.3814 million, an increase of 3.1% compared to the previous month. Against the backdrop of overall market volatility and consolidation in November, the number of A-share account openings remained relatively stable with a slight increase. This reflects the confidence of individual investors, professional institutions, and even keen international capital in the long-term fundamentals of the Chinese economy and the direction of capital market reform. The author believes that this consensus of confidence is rooted in the three increasingly solid foundations of clear policy expectations, optimization of market funding ecology, and improvement in corporate profits.