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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.
CSC Financial to Pay Out H1 Dividend
Stocks in Hong Kong fluctuated | Brokerage stocks opened high but then fell back, Citic Securities (06030) dropping more than 10% and Orient Securities (03958) dropping more than 8%.
Brokerage stocks opened higher but then fell. As of the time of writing, Citic Sec (06030) dropped by 10.65%, closing at 25.55 Hong Kong dollars; Orient (03958) dropped by 8.42%, closing at 6.96 Hong Kong dollars; CSC (06066) dropped by 6.73%, closing at 12.2 Hong Kong dollars.
CSC Financial's Unit Issues $264 Million Medium-Term Bonds
csc (06066) provides guarantees for 0.264 billion US dollars medium-term notes issued by CSCIF Hong Kong.
csc Securities (06066) announced that its indirectly wholly-owned subsidiary CSCIF Hong ...
Hong Kong stock market anomalies | China-affiliated brokerage stocks collectively strengthened, with multiple measures boosting the capital markets, and the industry's M&A restructuring continues to accelerate.
China-affiliated brokerages stocks collectively strengthened. As of the time of publication, China Merchants (06099) rose by 11.78% to HK$8.16; Citic Securities (06030) rose by 10.5% to HK$18.74; CSC (06066) rose by 10.21% to HK$8.31.
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