The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the September data of Chinese brokerage firms showed divergence: retail business momentum continued to slow, the average daily turnover of A-shares fell 19% month-on-month to 1.83 trillion yuan, and securities financing activities were also relatively weak. Weak stock market performance continues to drag down brokers' stock investment exposure. On the other hand, institutional business momentum remains resilient. The volume of A-share and H-share IPOs continued to rise in September, and IPO reserves are still abundant.

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