Southern Fund's Securities ETF Rose 2.19%, With Net Inflows for 8 Consecutive Days, Broker Sector Valuation Repair Expected

As of March 17, 2026, 10:58 AM, the Southern Securities ETF (512900) increased by 2.19%, with a trading volume of 36.78 million yuan. The CSI All Share Securities Companies Index (399975), which it tracks, rose strongly by 2.36%.

In terms of net capital inflow, as of March 16, the Southern Securities ETF (512900) has experienced continuous net capital inflows over the past eight days.

The government work report from the Two Sessions emphasizes strengthening the entire chain of technological innovation and financial services. The China Securities Regulatory Commission (CSRC) proposes deepening the reform of the ChiNext Board and optimizing refinancing mechanisms, with the addition of more precise and inclusive listing standards. This will enhance market financing functions, drive the recovery of investment banking business, and bring policy benefits to the securities industry. Meanwhile, the current market remains active, with the average daily trading volume of all A-shares maintaining above 2 trillion yuan, and the financing balance stabilizing above 2.6 trillion yuan. The active trading provides strong support for brokerage, credit, and other related businesses.

At the industry level, Huatai Securities points out that the securities sector offers leading investment opportunities. Amid increased market volatility but sustained active trading, the brokerage sector is ripe for valuation recovery. With ongoing reforms of the ChiNext Board and improvements in refinancing mechanisms, investment banking is expected to see growth. Coupled with a broad monetary environment and proactive fiscal policies, increased market risk appetite will further benefit the securities industry.

The Southern Securities ETF (512900) closely tracks the CSI All Share Securities Companies Index, which reflects the overall performance of securities firms across different industries within the index sample. It provides investors with analytical tools by classifying the index sample into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries based on CSI industry classifications. The index is composed of all securities entering the first, second, third, and fourth-level industries within these classifications. The top ten holdings by weight are East Money, CITIC Securities, Guotai Huarong, Huatai Securities, China Merchants Securities, GF Securities, Orient Securities, Industrial Securities, Shenwan Hongyuan, and China International Capital Corporation.

The Southern Securities ETF (512900.SH), as an index fund tracking the securities industry, can fully benefit from industry policy dividends and active market trading, offering good investment value. Off-market connection (Type A: 004069; Type C: 004070).