证券行业周报：两融余额逼近三万亿，把握底部布局机遇

       -20%-15%-10%-5%0%5%10%2025-12-312026-01-072026-01-142026-01-212026-01-282026-02-042026-02-112026-02-182026-02-252026-03-042026-03-112026-03-182026-03-252026-04-012026-04-082026-04-152026-04-222026-04-292026-05-062026-05-13证券行业沪深300 （一）板块：本周证券板块下跌，跑输大盘 （二）个股：本周上市券商家上涨，家待涨 （一） 八部门联合印发非法跨境证券业务整治重磅方案，开启两年集中整治周期 （一）本周股日均成交额万亿，两融余额环比上升 （二） 本周股迎来家上市公司，市场股权融资金额亿元 （三）本周市场共计只新基金发行 （一）证券板块当前估值（截至月日） （二）投资建议 05000100001500020000250003000035000400000100200300400500600沪深两市累计成交额（万亿元）（左轴）年度日均股基成交额（亿元）（右轴）0.001.002.003.004.005.006.002026/1/162026/2/162026/3/162026/4/162026/5/16换手率05,00010,00015,00020,00025,00030,0002024-03-072024-04-072024-05-072024-06-072024-07-072024-08-072024-09-072024-10-072024-11-072024-12-072025-01-072025-02-072025-03-072025-04-072025-05-072025-06-072025-07-072025-08-072025-09-072025-10-072025-11-072025-12-072026-01-072026-02-072026-03-072026-04-072026-05-07融资融券余额 资料来源：，中国银河证券研究院 资料来源：，中国银河证券研究院