January 2026 A-share new account openings: 4.9158 million accounts

Shanghai Stock Exchange data shows that in January 2026, there were 4.9158 million new A-share accounts opened, an 89% month-on-month increase and a 213% year-on-year increase compared to January 2025’s 1.57 million accounts. Does this data indicate that the bull market is accelerating or coming to an end?

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