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.
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.
Zhongtaifutures (01461.HK) has appointed Wu Xiuwai as the co-company secretary.
Glonghui reported on December 9 that zhongtaifutures (01461.HK) announced that Mr. Wei Weifeng resigned as co-secretary of the company and legal process agent, effective from December 10, 2024. The board of directors is pleased to further announce that Ms. Wu Xiuwai has been appointed as co-secretary of the company and legal process agent, effective from December 10, 2024.
zhongtaifutures (01461): Liu Qingbin resigns as executive director, general manager and other positions.
zhongtaifutures (01461) announced that Mr. Liu Qingbin has resigned from his position due to a desire to spend more time on family and personal matters.
Express News | Zhongtai Futures Co Ltd - Liu Qingbin Tendered His Resignation as an Executive Director
The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
Citic Securities: Policy reform shapes fundamental expectations, opening up long-term incremental development space for brokerages.
citic sec released research reports stating that in the current environment of improving liquidity and shifting policies, the securities sector is expected to achieve significant improvements in both quarter-on-quarter and year-on-year fundamentals by leveraging high trading volume, large margin size, and low performance base.
Hong Kong stock market anomaly | China-affiliated brokerage stocks see larger afternoon decline, CSC (06066) drops by nearly 6%, Citic Securities (06030) falls by over 3%.
China-affiliated brokerages saw their afternoon losses widen. As of the time of writing, CSC (06066) fell by 5.9%, closing at 10.84 Hong Kong dollars; HTSC (06886) fell by 5.53%, closing at 14.34 Hong Kong dollars; GF Sec (01776) fell by 4.42%, closing at 12.1 Hong Kong dollars; Citic Sec (06030) fell by 3.08%, closing at 23.6 Hong Kong dollars.
Hong Kong stock concept tracking|A-share volume remains active, benefiting from continuous increase in brokerage sector trading volume (with concept stocks)
On November 11th, the trading volume of the Shanghai and Shenzhen stock markets has exceeded 2 trillion for the 5th consecutive day.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
The brokerage sector has brought out a signal of reversal, who will take the lead in the second round of upward movement?
After a half month of consolidation and trading sideways, the large financial sector became active, especially the bullish brokerage sector. The Hong Kong-listed Chinese brokerage sector surged significantly by 5.25% on November 5th, with swhy (06806) leading the way with an increase of 11.38%. In contrast, the A-share market saw a rise in both technology and major financial stocks, with the e fund csi hongkong bond investment theme ETF surging by 4.22%.
Open Source Securities: Brokerage insurance third-quarter report meets expectations, expecting further expansion of profit growth in the fourth quarter.
Non-silver sector holdings are still at historically low levels, and preferred profitable growth sustainability and undervalued symbols after the general rise.
Express News | Chinese brokerage stocks surged in the Hong Kong market, with SWHYhk climbing 18% and ZHONGTAIFUTURES jumping 14%.
CICC has taken action! What impact does SFISF have on the brokerage? What will investors buy when entering the market?
JPMorgan analysis shows that SFISF is both beneficial and detrimental to brokerages. On one hand, the cost of swaps and repurchases may increase profit/accounting value volatility, while on the other hand, if positive returns can be generated, it will increase share capital roi. In addition, most brokerages will use SFISF more for market-making or investing in large cap high dividend stocks.
The central bank has officially launched the Interbank Convenience Swap Facility (SFISF) operation from today: Currently, 20 securities and fund companies have been approved to participate, and the initial application quota has exceeded 200 billion yuan.
①As of now, 20 securities and fund companies have been approved to participate in the convenient swap operation, with the first batch of application quotas already exceeding 200 billion yuan. ②This tool helps institutional investors better leverage the stabilizing role of capital markets, alleviating the negative feedback loop of "stock market decline-investor redemption-sell stocks-stocks further decline".
china international capital corporation 'trips up' the brokerage sector, leading stocks face an embarrassing start to the bull market.
After a continuous sharp rise, differentiation begins.
A-share brokerage firms surged, while Hong Kong brokerage firms plummeted, the two markets moved in opposite directions, has the premium logic failed?
①17 Hong Kong brokerage stocks collectively fell, with an average decline of 20.81%; ② 48 ah stocks brokerage stocks collectively hit the limit up, with a morning trading volume of 108.951 billion yuan; ③ The premium rate of AH stocks, which had already narrowed, expanded again, with 8 stocks having a premium rate close to or exceeding 100%.
Sudden Change: China-affiliated brokerage stocks surged across the board, with Swhy rising nearly 24%, significantly boosting market sentiment and driving brokerage business.
UBS Group believes that brokerage stocks will benefit from both macroeconomic and capital market support measures. The brokerage stocks listed in Hong Kong covered by the bank's research currently have a price-to-book ratio of only 0.4 times, which is at a historically low level. China International Capital Corporation also believes that the performance, valuation, and positions of the brokerage sector have all hit bottom, recent reserve requirement ratio cuts and interest rate reductions have provided market liquidity, new policy tools support the development of the stock market, internal industry mergers and acquisitions are accelerating, and it advises investors to pay attention to M&A transaction sentiment, market improvements, and rebound opportunities under the catalysis of internal and external policies.
Zhongtai Futures Company Limited's (HKG:1461) Price Is Right But Growth Is Lacking After Shares Rocket 25%
ZHONGTAIFUTURES: 2024 Interim Report