Brokerage parent funds, which are continuously strengthening, are becoming an important force that cannot be ignored in the process of long-term capital growth, injecting a continuous stream of 'fresh water' into the market. In the recently released semi-annual reports of the brokerages, the term 'parent fund' frequently appeared, drawing attention to the actions of brokerages in the primary market once again. Since the beginning of this year, the momentum of brokerages in laying out parent funds has not diminished: brokerage LPs (limited partners) have made multiple investments, with Shanghai's two major brokerages, gtja and haitong sec, each contributing 1 billion yuan to establish three major leading industry parent funds in Shanghai. In addition, zheshang securities, swhy, china merchants securities, caitong sec and other brokerages are actively investing in emerging industries through parent fund business. (Securities Times)