The market is again reporting the merger between China International Capital Corporation and Silver Securities, with both companies' stock prices rising.

Jinwu Financial News | The market is buzzing about a potential merger between China International Capital Corporation and China Galaxy Securities, with China Galaxy (06881) rising by 18.18%, and China International Capital Corporation (03908) following with a 16.15% increase. There have been multiple rumors of a merger previously, but both parties have denied it. Boosted by the rumors, China-Affiliated Brokerage stocks also experienced a short-term surge in the afternoon, with China Merchants (06099) up by 10.32%, CSC (06066) up by 10.05%, Orient (03958) up by 8.35%, and SWHY (06806) up by 8.02%. The non-bank chief Analyst of Industrial Securities believes that under regulation.

Jingu Financial News02:25 ET

Hong Kong stocks movement | China-Affiliated Brokerage stocks continue to rise, China Galaxy (06881) increases over 16% and China International Capital Corporation (03908) increases over 14%.

China-Affiliated Brokerage stocks continue to surge. As of the time of writing, China Galaxy (06881) is up 16.31%, trading at 8.7 HKD; China International Capital Corporation (03908) is up 13.8%, trading at 15.5 HKD; CC SECURITIES (01375) is up 8.43%, trading at 1.8 HKD.

Zhitong Finance01:47 ET

China Merchants: Assigns Alibaba-W a "Buy" rating and raises the Target Price to 165 Hong Kong dollars.

China Merchants released a Research Report stating that it gives Alibaba-W (09988) a "Buy" rating and raises the Target Price to 165 Hong Kong dollars. The firm stated that the company is strengthening its investment to capture the surge in AI demand. With its full range of AI products, it believes Alibaba will remain one of the major beneficiaries of China's AI transformation wave, fully embracing new AI opportunities. It forecasts that cloud revenue for the fiscal years 2025/26 will grow by 11% and 21% year-on-year, respectively, and has raised its total revenue forecast for the group by 0% to 2% for the fiscal years 2025 to 2027, predicting a shareholder return ratio of about 5% for the fiscal year 2025. It is reported that Alibaba ended last year as of the end of December.

Sina Hong Kong Stock.Feb 23 23:01 ET

China Merchants: Assigns a "Shareholding" rating to Xiaopeng Autos-W with a Target Price of 92 HKD.

China Merchants released a Research Report stating that it has given XPeng Motors-W (09868) a "Shareholding" rating, maintaining a Target Price of 92 Hong Kong dollars. The firm believes the company still has significant expected growth, making it one of the preferred choices in the Industry, and the market underestimates the catalytic effect of the intelligent driving trend on XPeng, with consensus expectations possibly being continuously revised upwards. China Merchants pointed out that after two years of internal transformation, XPeng's system maturity has deepened, reflected in the increased success rate of new products, longer and more stable product cycles, sales explosions, and improved profitability, which will enhance valuation levels. The firm expects XPeng's current strong product cycle to last for two years, introducing the refreshed G6 and G9 in the first quarter, followed by the new G7 in the second quarter.

Sina Hong Kong Stock.Feb 23 22:56 ET

China Merchants (06099.HK) has appointed Zhang Huanhuan as the securities affairs representative.

Gelonghui, February 21 - China Merchants (06099.HK) announced that the notice for the 14th meeting of the 8th Board of Directors of China Merchants Securities Co., Ltd. (hereinafter referred to as the company) was sent out via email on February 18, 2025. The meeting was held on February 21, 2025, by way of communication voting. It was agreed to appoint Zhang Huanhuan as the company's representative for securities affairs, with a term starting from the date of approval by this board meeting until the completion date of the 8th Board of Directors of the company. Loli is no longer the representative for securities affairs of the company.

Gelonghui FinanceFeb 21 05:57 ET

China-Affiliated Brokerage stocks are strong in early trading. SWHY (06806) rises by 5.63%. Institutions indicate that the equity adjustment of the Jicai system Brokerage is expected to drive a new round of Brokerage mergers and acquisitions.

Jinwu Financial News | China-Affiliated Brokerage stocks are strong at the beginning of the session. As of the report, SWHY (06806) is up 5.63%, China International Capital Corporation (03908) is up 4.29%, China Galaxy (06881) is up 3.97%, CSC (06066) is up 3.63%, and China Merchants (06099) is up 3.58%. On the news front, recently, China Agriculture Reinsurance Corporation, CHINA CINDA Asset Management Co., Ltd., China Orient Asset Management Co., Ltd., China Greatwall Technology Group, and China Securities Finance Corporation have all issued announcements stating that,

Jingu Finance NewsFeb 16 20:41 ET