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policies are concentrated, funds are rushing into the market, major indexes are rising rapidly, and the strongest opportunity for a-shares in the near future has arrived. among them, the rise in financial stocks has led to an improvement in the overall market valuation. this article is the first article of the "bull capture guide" specially planned by databao for the national day - financial bulls, 50 financial stocks with high growth potential have surfaced.

with medium- and long-term capital entering the market and favorable policies, many records were recorded in the history of a-shares in the five trading days before the national day. the shanghai composite index rose by 21.37% in five trading days, and the shanghai composite index "violently" rose above 3,300 points. on the evening of september 30, cctv news reported on a-shares again with the title "a-shares surge, transaction volume exceeds 2.6 trillion yuan, new high". after four years, it is of great significance for cctv to report again.

recently, funds have been rushing into the market, and the a-share market has officially entered a technical bull market under the attention of all parties.

funds from all walks of life rushed to enter the market, and the "bull market flag bearers" surged

on september 30, the trading volume of shanghai, shenzhen and beijing hit a record, and the "bull market flag bearer" brokerage sector hit the daily limit. citic securities, the “big brother in the securities industry”, had a turnover of over 10.7 billion yuan that day, rising by the daily limit for two consecutive trading days; the stock’s last daily daily limit was on july 28, 2023, and the three consecutive daily daily limit appeared in the 2015 bull market. the transaction volume of "quanmao" oriental fortune exceeded 30.598 billion yuan that day, and it achieved a "20cm" daily limit for two consecutive trading days, continuing to set a record transaction volume.

from september 24th to september 27th, the shenwan securities industry rose by 39.03% cumulatively, ranking second in growth, only 0.85 percentage points lower than liquor. among a-share brokerage stocks, except for guotai junan and haitong securities, which are suspended from trading, stocks in the sector rose by nearly 38% on average, among which china marine securities and tianfeng securities rose by more than 60%; diversified financial stocks minmetals capital, cofco capital, and china aviation industry and finance , haide group, and aijian group all rose by more than 50%.

funds enter the market through etfs. since september 24, as many as 263 etfs have increased by more than 30%, of which 3 financial technology and hong kong securities etfs have increased by more than 40%.

specifically, the financial technology etf (516860) has a range return rate of as high as 50.23%; at the end of the second quarter, oriental fortune, hang seng electronics, flush, and compass were all among the top ten heavy holdings.

according to data treasure statistics, in the past five trading days, financing funds have net purchased 16 financial stocks exceeding 100 million yuan. among them, oriental fortune has the highest amount, reaching 1.229 billion yuan. china petroleum capital, citic securities, pacific, gf securities, china merchants securities and china pacific insurance also exceeded 200 million yuan.

in addition, the main funds spent a total of 19.8 billion yuan to buy 60 financial stocks, including a net purchase of 4.79 billion yuan from oriental fortune, 2.265 billion yuan from ping an, and 1.885 billion yuan from citic securities.

three major logics build financial bulls

financial stocks (including banks and non-bank finance such as securities firms, insurance, and diversified finance) usually perform outstandingly in previous bull markets and have an important impact on the market.

in the bull market of 2005-2007 (june 6, 2005-october 16, 2007), the securities industry as a whole rose by 2073%, and diversified finance rose by 600.69%, which was a very strong performance.

against the background of the global financial crisis, in the bull market of 2008-2009 (october 28, 2008 - august 4, 2009), non-ferrous metals and gold sectors performed better, while financial stocks performed relatively average.

in the bull market from 2014 to 2015 (march 12, 2014 to june 12, 2015), financial stocks, especially brokerage stocks, once again became the focus of the market, benefiting from active market transactions and rapid business development. the rise in financial stocks has led to an increase in the overall market valuation.

in the early stages of the bull market, financial stocks have a more obvious impact on the market. in the big market that started in 2014, from july to december of that year, the non-bank financial sector surged 144.03%, ranking first. in the bull market from january to june 2019, non-bank finance surged 43.8%, second only to food and beverages.

western securities reviewed the trends of the brokerage sector in the past 10 years and found that brokerages tend to be more flexible in the early stages of market conditions, and changes in market trends are also expected to bring about a "davis double click" in the industry. in the early stages of a bull market, market trading activity increases significantly, and brokerage business income of securities firms will increase significantly. financial sectors such as banking and insurance will also follow suit. the rise in the financial sector played an important role in stabilizing the market index.

as for this potential bull market, some people believe that this period may be an "underestimated rise." if financial stocks can continue to rise in this round, it will have a positive impact on the market and enhance overall market confidence.

at present, the a-share rebound from the bottom has turned into a reversal, and the underlying logic of exiting the true bull market has the following three points:

first, the central government put forward clear requirements for the capital market at the critical time of the end of the third quarter, which is of great significance to stabilizing capital market expectations and maintaining overall economic and social stability.

second, policy tools such as reserve requirement ratio cuts, interest rate cuts, existing mortgage interest rates, and the creation of new monetary instruments to support the development of the stock market have been intensively implemented. the policy combination is very sincere and powerful in releasing liquidity.

third, the federal reserve’s precautionary interest rate cuts helped improve the liquidity of a-shares.