"Buying brokerage firms is equivalent to buying a basket of discounted technology stocks" Trading logic fermenting, brokerage stocks staging a value reassessment market.

Recently, the A-share brokerage sector bid farewell to the previous silence, with frequent fluctuations in the market and increasing attention from funds. On June 22, the brokerage sector experienced a surge, with the industry index soaring by more than 7% in a single day, triggering a wave of individual stock price limit ups. In the following days, funds continued to increase, with targets such as Changjiang Securities and Huaxin Securities experiencing consecutive trading limit ups. The most significant change in the market is the breakage of the previous "brokerage rise, technology decline" seesaw effect of existing funds, with both brokerage and hard technology sectors showing strength. The trading logic of "buying brokerage is like buying a basket of discounted technology stocks" quickly spread in the market. In the past, brokerages were only focused on as the "bull market leader" in terms of market elasticity, but now with the backing of investment banking and direct investment in a large number of hard technology companies, combined with their own sector valuations at historical lows, the potential of technology innovation is gradually being unearthed, setting the stage for a new round of value reassessment in the market.