Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.

①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.

cls.cnNov 7 02:30 ET

Express News | Chinese brokerage stocks surge in the Hong Kong market, with CMSC climbing 10% and CITIC SEC jumping 9%.

Moomoo 24/7Nov 7 01:27 ET

China Merchants: Maintains a 'buy' rating on geely auto, with target price raised to 21.8 Hong Kong dollars.

China Merchants released a research report stating that it maintains a 'buy' rating on Geely Auto (00175), raising the annual net profit forecasts for the company from this year to 2026 by 3%, 15%, and 17% respectively to reflect breakthroughs from hybrid products. It is expected that the compound annual growth rate of net profit from 2023 to 2026 will reach 42%, indicating that the market currently underestimates Geely's growth potential in new energy vehicles. The target price has been raised from 18.6 Hong Kong dollars to 21.8 Hong Kong dollars. The report mentioned that Geely's wholesale sales volume in October increased by 28% year-on-year to 0.227 million vehicles, reaching a record high. The wholesale sales volume for the first 10 months of this year has accumulated to 1.716 million vehicles.

Sina Hong Kong stocksNov 5 05:36 ET

The brokerage sector has brought out a signal of reversal, who will take the lead in the second round of upward movement?

After a half month of consolidation and trading sideways, the large financial sector became active, especially the bullish brokerage sector. The Hong Kong-listed Chinese brokerage sector surged significantly by 5.25% on November 5th, with swhy (06806) leading the way with an increase of 11.38%. In contrast, the A-share market saw a rise in both technology and major financial stocks, with the e fund csi hongkong bond investment theme ETF surging by 4.22%.

Zhitong FinanceNov 4 21:06 ET

CNBM completed the issuance of 2 billion yuan corporate bonds.

CNBM (03323) announced that China National Building Material Co., Ltd. issued the fifth phase of technology innovation enterprise bonds to professional investors in 2024. The issuance concluded on November 4, 2024. The actual issuance amount of this series of bonds was 2 billion yuan, with a subscription multiple of 2.93 times, and a final coupon rate of 2.30%. The second type of bonds was not actually issued. The underwriting institutions for this issuance include Citic Sec Co., Ltd., CSC, Huaxi Securities Co., Ltd., China Merchants Securities Co., Ltd., and their affiliates collectively subscribed to this issuance.

Sina Hong Kong StocksNov 4 18:52 ET

HK stocks anomaly | China Merchants Securities (06099) now up more than 4%, pure profit in the third quarter increased by more than 43%, investment income doubled year-on-year during the period.

China Merchants Securities (06099) is now up more than 4%, as of the time of publication, up 4.25% to 13.74 Hong Kong dollars, with a turnover of 0.215 billion Hong Kong dollars.

Zhitong FinanceNov 3 22:32 ET