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Market Chatter: Chinese Brokerages Shuttering Branches to Remain Competitive
Hong Kong stocks are fluctuating | China-Affiliated Brokerage stocks are all declining, Guolian (01456) is down nearly 5%, CITIC SEC (06030) is down nearly 4%.
China-Affiliated Brokerage stocks declined across the board. As of the time of writing, Guolian Securities (01456) fell 4.91% to 4.84 HKD; CITIC SEC (06030) dropped 3.87% to 22.35 HKD; GF SEC (01776) decreased 3.51% to 10.98 HKD.
China-Affiliated Brokerage stocks surged in the short term, with Guolian (01456) up 5.58%. JPMorgan indicated that the Politburo meeting had a positive reaction on China's financial stocks.
Jinwu Financial News | China-Affiliated Brokerage stocks surged in the short term. As of the time of this report, Guolian Securities (01456) rose by 5.58%, CC SECURITIES (01375) rose by 3.78%, China Merchants (06099) rose by 3.31%, CISI FIN (06058) rose by 2.65%, and China Galaxy (06881) rose by 2.15%. On the news front, JPMorgan issued a Research Report, indicating that the recent strong and supportive tone from the Central Political Bureau regarding the macro economy and stock market is expected to have a positive response for China's financial stocks. It is believed that the performance of brokerage stocks will outperform China Mainland Banking stocks in the short term, with a particularly Bullish outlook for China Galaxy. The bank anticipates that the impact of trade will continue.
Sinolink: With the dual benefit of policy bullish and warming funds, the Brokerage sector is expected to see an increase in both valuation and performance.
Sinolink released a Research Report stating that looking ahead to 2025, liquidity is expected to further ease, enhancing market stability and building a solid market bottom. The improvement in economic fundamentals is confirmed, and the stock market is likely to rise further, which is Bullish for the valuation and performance of the Brokerage Sector.
Guolian Securities (01456.HK): The Shanghai Stock Exchange Merger and Acquisition Committee will hold a meeting on December 17 to review the company's acquisition of 99.26% of Minsheng Securities' shares.
On December 10, Gelonghui reported that Guolian Securities (01456.HK) announced plans to issue A-share shares to acquire 99.26% of Minsheng Securities Co., Ltd. and raise matching funds. This trade constitutes a significant asset reorganization and is an associated transaction but does not constitute a reorganization listing. According to the announcement from the Shanghai Stock Exchange (hereinafter referred to as "the exchange") Mergers and Acquisitions Re-examination Committee, the sixth review meeting of 2024 is scheduled to be held on December 17, 2024.
Hong Kong stocks fluctuate | China-affiliated brokerage stocks rise broadly in early trading. Key meetings further clarify the stability of the stock market, with bullish trends in both stocks and bonds benefiting the brokerage sector.
China-affiliated brokerage stocks rose broadly in the morning session. As of the time of writing, gf sec (01776) rose 4.31%, trading at 12.1 HKD; swhy (03678) rose 3.8%, trading at 3.28 HKD; htsc (06886) rose 2.92%, trading at 14.8 HKD; china merchants (06099) rose 1.67%, trading at 18.28 HKD.
The Five-year Returns for Guolian Securities' (HKG:1456) Shareholders Have Been , yet Its Earnings Growth Was Even Better
