China Merchants Securities (06099) appoints Liu Bo as Vice President of the company.

China Merchants Securities (06099) issued an announcement, and the company's board of directors approved the appointment of Mr. Liu Bo as the company's deputy...

Zhitong FinanceNov 8 06:25 ET

Hong Kong stocks are volatile | China-affiliated brokerage stocks opened high and then differentiated. There are frequent rumors of brokerage mergers. Institutions expect fourth-quarter performance to grow significantly faster than the third quarter.

China-affiliated brokerage stocks diverged after opening higher. As of the time of publication, China Merchants Securities (06099) rose by 2.42% to 17.76 Hong Kong dollars; swhy (06806) rose by 1.27% to 3.19 Hong Kong dollars; citic sec (06030) fell by 1.49% to 26.4 Hong Kong dollars; csc (06066) fell by 1.28% to 12.32 Hong Kong dollars.

Zhitong FinanceNov 7 20:37 ET

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