Air China Cargo to Launch Shenzhen IPO
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.
Morgan Stanley: Maintained citic sec 'in line with the market' rating, target price 21.2 HKD.
Morgan Stanley published a research report indicating confidence that CITIC SEC (06030) stock price will rise in the next 30 days. The bank believes there is a 70% to 80% chance of this scenario occurring. Morgan Stanley has given CITIC SEC an 'in line with the market' rating and a Target Price of 21.2 Hong Kong dollars. The bank pointed out that the company's upward momentum is mainly supported by the potentially more positive tone of supportive policies ahead of the domestic economic work conference, which should boost daily trading volume and increase market leverage. The bank considers CITIC SEC to be a high-quality and widely recognized Brokerage, and in times of increased Capital Markets activities, it will be well positioned to consolidate its market share.
Morgan Stanley: Maintains CITIC SEC (06030) "In line with the market" rating, Target Price 21.2 Hong Kong dollars.
Morgan Stanley believes that citic sec (06030) stock price will rise in the next 30 days.
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.
China-affiliated brokerage stocks generally rose, with China International Capital Corporation (03908) up 3.01%. Institutions point out that the securities industry is transitioning from the era where scale was paramount to a stage of high-quality develop
Kingwus Finance | China-affiliated brokerage stocks generally rose, China International Capital Corporation (03908) increased by 3.01%, China Merchants Securities (06099) rose by 2.57%, Swhy (06806) rose by 2.42%, China Galaxy (06881) rose by 2.22%, CSC (06066) rose by 1.9%, Citic Sec (06030) rose by 1.57%, Gtja (02611), Haitong Sec (06837) and others followed the uptrend. China Securities Co.,Ltd. stated that since 2024, the brokerage industry has undergone significant changes in the operating environment it faces, moving away from pursuing asset size and human capital.
Hong Kong stock fluctuations | China-affiliated brokerage stocks collectively surge, and insurance funds have taken stakes in brokerage stocks for the first time in five years. Institutions say that the current valuation of listed in hong kong brokerages
China-affiliated brokerage stocks collectively rose; as of this report, swhy (06806) increased by 2.82%, reaching 2.55 HKD; china international capital corporation (03908) increased by 2.58%, reaching 14.32 HKD; china merchants (06099) increased by 2.44%, reaching 15.92 HKD; citic sec (06030) increased by 1.79%, reaching 22.7 HKD.
BBK Test Systems Seeks Up to 566 Million Yuan From Shenzhen IPO
[Hong Kong Stock Connect] Yuexiu Property (00123) fully sold the equity of Guangzhou Hongcheng Development to Citic Securities (06030), involving 1.092 billion yuan.
Kingdee Financial News | Yuexiu Property (00123) announced that the group will sell all of its equity in Guangzhou Hocen Development (target company) to Citic Sec (06030) for a price of 1.092 billion RMB. The target company currently holds the property, including office space and parking lot in the Guangzhou Grandview Center in Tianhe District, Guangzhou, China. The group expects the sale to generate a profit (after tax) of approximately 0.876 billion RMB. The net proceeds from the sale are expected to be approximately 0.997 billion RMB, which will be reinvested by the group for the development of its core business operations. The company anticipates that the sale will accelerate its business...
citic sec (06030): citic sec international provides guarantee for the issuance of 12 million US dollars medium-term notes by CSI MTN Limited.
CITIC Securities (06030) announced that its overseas wholly-owned subsidiary, CITIC Securities International's affiliate CSI M...
citic sec (06030): citic sec international guarantees the issuance of $15.7 million medium-term notes by CSI MTN Limited.
CITIC Securities (06030) announced that its overseas wholly-owned subsidiary, CITIC Securities International's affiliate CSI M...
HK stocks are on the move | China-affiliated brokerage stocks continue to rise, with the top-level design of digital finance unveiled. A new round of policy deployment may significantly boost market confidence.
China-affiliated brokerage stocks continue to rise. As of the time of writing, China Merchants Securities (06099) is up 3.23%, at 15.32 HKD; swhy (06806) is up 2.05%, at 2.49 HKD; china international capital corporation (03908) is up 1.62%, at 13.76 HKD; citic sec (06030) is up 1.36%, at 22.35 HKD.
Full text | Meituan Q3 earnings conference transcript: The total investment in the "Dining Merchant Support Initiative" is 1 billion yuan.
Meituan (HKEX: 3690) released its financial report for the third quarter of 2024 today: revenue was 93.6 billion yuan, an increase of 22.4% year-on-year. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; adjusted net income under non-International Financial Reporting Standards was 12.83 billion yuan, a year-on-year increase of 124.0%. After the financial report was released, Meituan's chairman and CEO Wang Xing, along with senior vice president and CFO Chen Shaohui, participated in a subsequent analyst conference call to interpret the financial report. The following is a transcript of the Q&A session during the conference call: Citic Securities analyst Ya Jiang: I
The central parity rate of the renminbi is reported at 7.1877, an increase of 17 points.
On November 29, the central parity rate of the renminbi was reported at 7.1877, an increase of 17 points, while the onshore renminbi closed at 7.2525 on the previous trading day. Mingming: The renminbi exchange rate may fluctuate weakly. In the short term, supported by the central bank's steady exchange rate policy, it is expected that the renminbi exchange rate may fluctuate weakly, with a key focus on the upcoming Central Economic Work Conference for guidance on next year's economic and macro policies. Looking ahead to next year, if the usa tariffs on China are implemented, it may negatively impact our exports, and the scale of merchandise trade surplus may narrow, consequently affecting the stability of the current account surplus, which would undermine support for the renminbi exchange rate.
UBS, Citic Securities, CICC Among Banks Advising Dmall on IPO
Citic Securities Adjusts Price Target on Walt Disney to $130 From $115, Maintains Buy Rating
Citic Securities (06030) appointed Yu Xiaojun as its authorized representative.
Citic sec (06030) announced that, given that Xia Mingli has left the company's wholly-owned subsidiary Citic Lyon Securities, the board...
citic sec (06030.HK): Changing the authorized representative for receiving legal documents and notifications delivered to the company in Hong Kong.
Glory Holdings announced on November 25 that citic sec (06030.HK) has confirmed and approved the appointment of Yu Xiaojun as the authorized representative to accept legal documents and notifications served to the company in Hong Kong, effective from November 25, 2024, due to the departure of Xia Mingli from the company's wholly-owned subsidiary, Citic Lyon Securities. This resolution was made during the board of directors' meeting held on November 25, 2024, in accordance with Section 16 of Part 2 of the Companies Ordinance (Cap. 622) and Article 19A.13(2) of the Securities Listing Rules of the Stock Exchange of Hong Kong Limited.
Hong Kong stocks are moving differently | China-affiliated brokerages are expanding their afternoon decline as the market experiences greater volatility and the sector follows with a correction. Major firms remain bullish on the increased merger and acqui
The decline of china-affiliated brokerage stocks has widened in the afternoon. As of the time of writing, csc (06066) is down 6.47%, trading at 9.97 HKD; china merchants (06099) is down 6.22%, trading at 13.86 HKD; citic sec (06030) is down 5.05%, trading at 21.6 HKD; everbright (06178) is down 3.05%, trading at 7.64 HKD.
China Railway Construction Corporation completed the issuance of 3 billion yuan enterprise bonds.
China Railway Construction Corporation (01186) announced that China Railway Construction Corporation Limited opened the issuance of technology innovation renewable enterprise bonds for professional investors in 2024 (the sixth series) has ended on November 21, 2024. Only variety one and variety two of bonds were finally issued in this series. The final actual issuance size of variety one is 1 billion yuan, with a initial coupon rate of 2.22% for the first cycle and a subscription multiple of 4.10 times; the final actual issuance size of variety two is 2 billion yuan, with a initial coupon rate of 2.40% for the first cycle and a subscription multiple
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