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China Merchants: CHINA TELECOM and ZTE have deepened their cooperation, empowering the Smart Phone Business with large models.
China Merchants Securities released a research report stating that ZTE (000063.SZ, 00763) has deep cooperation with CHINA TELECOM (00728) to officially launch the Nubia Z70 Ultra Smart Phone. The end-cloud integration of CHINA TELECOM's Star AI model is equipped with a hundred billion-level cloud-side large model and a 3 billion end-side large model. The firm stated that large models empower ZTE's Smart Phone Business, creating personalized AI products and services. China Merchants Securities maintained a "strong Buy" rating in response to ZTE's growth and strategy positioning. The group focuses on intelligent computing as a long-term Global Strategy priority, providing a full architecture and full scene intelligence.
China Merchants' proprietary Business can participate in carbon emission rights Trade in legally recognized domestic trading venues.
China Merchants (06099) announced that it recently received the "Reply from the China Securities Regulatory Commission on the Participation of China Merchants Securities Co., Ltd. in Carbon Emission Rights Trade" (Institutional Letter [2024] No. 2248) (hereinafter referred to as the Reply). According to the Reply, the company's proprietary Business can legally participate in carbon emission rights trade at domestic trading venues. The company will comply with relevant regulations and the requirements of the Reply, aiming to serve the real economy, reduce the social cost of emissions reduction, and promote the economic transition and upgrading to a green and low-carbon model, while conducting its Business in a compliant and prudent manner, and incorporating related Business into the company's comprehensive risk management.
China Merchants (600999.SH): Participated in carbon emission rights Trade and received a response letter from the Securities Regulatory Commission.
On December 24, Gelonghui reported that China Merchants (600999.SH) announced that it recently received a reply from the China Securities Regulatory Commission (referred to as the CSRC) regarding the participation of China Merchants in carbon emission rights Trade. According to the reply, the company's self-operated Business may participate in carbon emission rights Trade in legally established domestic trading venues. The company will conduct its Business in compliance with regulations and the requirements of the reply, aiming to serve the real economy, reduce the overall social emission reduction costs, and promote the economic transition and upgrade towards green and low-carbon development, while incorporating the relevant Business into the company's overall risk management system.
Hong Kong stocks are fluctuating | China-Affiliated Brokerage stocks are all declining, Guolian (01456) is down nearly 5%, CITIC SEC (06030) is down nearly 4%.
China-Affiliated Brokerage stocks declined across the board. As of the time of writing, Guolian Securities (01456) fell 4.91% to 4.84 HKD; CITIC SEC (06030) dropped 3.87% to 22.35 HKD; GF SEC (01776) decreased 3.51% to 10.98 HKD.
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.