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Hong Kong stocks closed (01.02) | The Hang Seng Index fell by 2.18% while the Golden Industrial Concept rose against the trend. Semiconductors and the large financial Sector had the largest declines.
The Hong Kong stock market had a poor start in 2025, with all three major indices declining, each dropping more than 2%. The Hang Seng Index once again fell below the 20,000 mark, and the Hang Seng China Enterprises Index at one point dropped over 3% in the afternoon.
Hong Kong stocks are moving differently | China-Affiliated Brokerage stocks are declining across the board, with A-share financing scale in 2024 reduced by more than 80%, and Brokerage investment banking Business significantly decreased.
China-Affiliated Brokerage stocks are all declining. As of the time of writing, CITIC SEC (06030) is down 5.85%, at 20.1 HKD; Guolian (01456) is down 5.21%, at 4.37 HKD; CSC (06066) is down 5.4%, at 9.29 HKD; China Merchants (06099) is down 5.25%, at 15.18 HKD.
Citic Securities Initiates Cadence Design Systems at Add With $337 Price Target
Caitong's investment strategy for the Brokerage Industry in 2025: Market beta drives a comprehensive recovery across all Business lines.
Under the demand for building a "financial powerhouse," the Huaan CSI All Share Investment Banking & industry welcomes the strategic opportunity to establish a "first-class investment bank."
CITIC SEC: Maintains YUM CHINA "Buy" rating, KFC China announces an average price increase of 2%.
CITIC SEC released a research report stating that it maintains a "Buy" rating on YUM CHINA (09987). With a low base, same-store performance in Q4 2024 is expected to continue improving. Under the backdrop of an optimistic turning point in policy and heightened expectations for economic recovery, the company's operational expectations are likely to drive further valuation recovery. The report mentions that KFC China announced on December 24 a pricing adjustment measure with an average increase of 2%, aiming to better adapt to market cost changes. Historically, KFC regularly evaluates and cautiously adjusts its price structure based on changes in operating costs, with the last price adjustment occurring in early 2023. This price adjustment reflects the consumer Dining industry indirectly.
Investing in CITIC Securities (SHSE:600030) a Year Ago Would Have Delivered You a 58% Gain
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