CGS Issues 4 Billion Short-Term Commercial Paper

MT Newswires04:55 ET

[Brokerage Focus] JPMorgan pointed out that the Politburo meeting has had a positive response to China financial stocks, believing that in the short term, the performance of brokerage stocks will outperform China Mainland Banking stocks.

JPMorgan's Research Reports indicate that the recent strong tone released by the Central Political Bureau to support the macro economy and stock market is expected to have a positive impact on China's financial stocks. It is believed that in the short term, Brokerage stocks will outperform China Mainland Banking stocks, with a more Bullish outlook on China Galaxy (06881). The bank continues to state that among China Mainland Banking stocks, CM BANK (03968) is preferred, as it is expected to benefit from the improvement in Retail Trade and investment sentiment. Meanwhile, Ping An Bank is also viewed positively, with estimates that its Retail Trade will turn profitable by 2025 due to a low base and increased policy support. Additionally, state-owned China Mainland Banking stocks may underperform growth-oriented banks because

Jingwu Financial News21:36 ET

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.

Zhitong Finance20:06 ET

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.

Zhitong FinanceDec 9 20:39 ET

China Galaxy Securities Co., Ltd.'s (HKG:6881) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$7.2b Last Week

Simply Wall StDec 9 19:47 ET

China Galaxy Securities Co., Ltd. Goes Ex Dividend Monday

Seeking AlphaDec 6 15:49 ET