Sudden Change: China-affiliated brokerage stocks surged across the board, with Swhy rising nearly 24%, significantly boosting market sentiment and driving brokerage business.

UBS Group believes that brokerage stocks will benefit from both macroeconomic and capital market support measures. The brokerage stocks listed in Hong Kong covered by the bank's research currently have a price-to-book ratio of only 0.4 times, which is at a historically low level. China International Capital Corporation also believes that the performance, valuation, and positions of the brokerage sector have all hit bottom, recent reserve requirement ratio cuts and interest rate reductions have provided market liquidity, new policy tools support the development of the stock market, internal industry mergers and acquisitions are accelerating, and it advises investors to pay attention to M&A transaction sentiment, market improvements, and rebound opportunities under the catalysis of internal and external policies.

Zhitong FinanceOct 3 22:02 ET

Hong Kong stock market closing review: Continues to be bullish! Hang Seng Tech Index rose by 8.53%, with brokerages and real estate still the most eye-catching.

The Hang Seng Index surged by 6.2%, reaching 22,000 points, while the National Index rose by 7.08%.

Gelonghui FinanceOct 2 04:35 ET

China Merchants Securities Co., Ltd. (SHSE:600999) Held Back By Insufficient Growth Even After Shares Climb 33%

Simply Wall StSep 30 21:01 ET

Hong Kong stock market anomalies | China-affiliated brokerage stocks collectively strengthened, with multiple measures boosting the capital markets, and the industry's M&A restructuring continues to accelerate.

China-affiliated brokerages stocks collectively strengthened. As of the time of publication, China Merchants (06099) rose by 11.78% to HK$8.16; Citic Securities (06030) rose by 10.5% to HK$18.74; CSC (06066) rose by 10.21% to HK$8.31.

Zhitong FinanceSep 29 21:42 ET

China Merchants (06099) recommends nominating Liu Zhenhua as a candidate for non-executive director of the eighth board of directors.

China Merchants (06099) announced that Zhang Jian has resigned as a non-executive director of the company's board of directors due to work changes.

Zhitong FinanceSep 27 09:16 ET

China Merchants Securities (06099.HK): Zhang Jian resigns as a non-executive director.

On September 27, Guolonghui announced that Zhang Jian has resigned from the positions of non-executive director, chairman of the Board of Directors Risk Management Committee, member of the Strategy and Sustainable Development Committee, and member of the Remuneration and Evaluation Committee due to work changes. The board further announced that Wang Zhang has resigned from the position of shareholder representative supervisor due to work changes. The board resolved at the meeting held on September 27, 2024 to nominate Liu Zhenhua, Liu Hui, and Li Delin as candidates for non-executive directors of the company's eighth Board of Directors.

Gelonghui FinanceSep 27 09:15 ET