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Hong Kong Stock Exchange (00388): As of the end of February 2025, the total market value of the Hong Kong securities market is 39.1 trillion Hong Kong dollars, an increase of 30% year-on-year.
The market capitalization of the Hong Kong securities market was 39.1 trillion Hong Kong dollars at the end of February 2025, an increase of 10% from 35.4 trillion Hong Kong dollars at the end of the previous month, and a 30% rise from 30.1 trillion Hong Kong dollars in the same period last year.
[Brokerage Focus] CITIC SEC: Coordinating market investment and financing reforms, gradually moving towards the new normal of IPOs.
Jingwu Financial News | CITIC SEC stated that the normalization of IPOs is not only a reform direction that aligns with the balance of investment and financing but also an essential role of the Capital Markets in serving the real economy. The long-term returns of the Stocks market cannot rely solely on abundant liquidity; introducing high-quality growth companies through IPOs is the foundation for the market's long-term stability. Given the ample liquidity levels in the A-share market in the past five months, under the condition of no relaxation of listing standards, a moderate increase in IPO supply will not burden the market. The firm expects that with the active drive of IPOs in the mainland and Hong Kong markets, the Huaan CSI All Share Investment Banking & industry is likely to benefit from its light-asset investment banking Business and high ROE business characteristics.
Hong Kong stocks movement | China-Affiliated Brokerage stocks decline has widened. Citigroup states that the merger of Foshan Golden Milky Way Intelligent Equipment is difficult to implement in the short term. Institutions are bullish on the sequential im
China-Affiliated Brokerage stocks saw an expanded decline in the late trading session. As of the time of writing, SWHY (06806) is down 7.09%, at 2.36 HKD; CITIC SEC (06030) is down 6.14%, at 22.15 HKD; China Merchants (06099) is down 5.89%, at 14.38 HKD; CSC (06066) is down 5.34%, at 9.75 HKD.
【Brokerage Focus】GTJA: The Brokerage Sector is expected to see a double increase in profitability and valuation.
Jinwu Financial News | GTJA indicates that the recovery and improvement of the Capital Markets, combined with a low base, is expected to lead to better-than-expected fundamental improvements. In 2025, the new 'Nine Policies' will serve as the core of the '1+N' policy framework, entering a period of implementation overall, with a clear policy framework for medium- and long-term funds entering the market. More incremental policies are expected to be continuously introduced, leading to a sustained recovery and improvement in the Capital Markets, which is bullish for the fundamental and valuation repair of the Brokerage Sector. In the first quarter of 2024, extreme market volatility impacted the profitability of the Brokerage's investment business, leading to pressure on the Sector's earnings. From the current point of view, the recovery and improvement of the Capital Markets are expected to drive growth in retail and institutional business for Brokerages, bringing positive outcomes.
CITIC Securities (06066): CITIC International intends to provide a guarantee for the 1.017 billion yuan medium-term notes issued by CSCIF Hong Kong.
CITIC Construction Investment Securities (06066) announced that its wholly-owned subsidiary CITIC Construction Investment (International) Financial Holdings Limited...
CSC (06066): “20 Xintou G2” will be redeemed and delisted on March 11.
CSC (06066) announced that the company issued public CSI Enterprise bonds (Phase 1) in 2020.
Investors Three-year Losses Continue as CSC Financial (HKG:6066) Dips a Further 6.8% This Week, Earnings Continue to Decline
