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china securities co.,ltd. (601066.SH): Participating in convenient swaps obtains a letter of no objection from the China Securities Regulatory Commission.
On October 18, CSC (601066.SH) announced that the company recently received a reply from the China Securities Regulatory Commission (referred to as the CSRC) regarding matters related to CSC Securities Co.,Ltd.'s participation in the facilitation of exchanges (SFISF) (Institution letter [2024] No. 1884) (referred to as the reply). According to the reply, the CSRC has no objections to the company's participation in the SFISF. The company will reasonably determine, in accordance with the business arrangements related to the facilitation of exchanges for securities, funds, and insurance companies and its own development strategy and risk tolerance.
Hong Kong stock market anomaly | China-affiliated brokerage stocks have further expanded their gains, and the central bank has officially started the SFISF operation, significantly increasing the potential leverage capacity of non-silver institutions.
China-affiliated brokerages saw further increase in stock gains, as of the time of publication, Swhy (06806) rose 17.39% to HK$2.43; China Merchants Securities (06099) rose 14.56% to HK$13.22; China International Capital Corporation (03908) rose 9.19% to HK$14.26; CSC (06066) rose 7.95% to HK$9.37.
The central bank has officially launched the Interbank Convenience Swap Facility (SFISF) operation from today: Currently, 20 securities and fund companies have been approved to participate, and the initial application quota has exceeded 200 billion yuan.
①As of now, 20 securities and fund companies have been approved to participate in the convenient swap operation, with the first batch of application quotas already exceeding 200 billion yuan. ②This tool helps institutional investors better leverage the stabilizing role of capital markets, alleviating the negative feedback loop of "stock market decline-investor redemption-sell stocks-stocks further decline".
CSC: NOTICE OF THE 2024 THIRD EXTRAORDINARY GENERAL MEETING
HK Stock Market News | China-affiliated brokerage stocks continue to decline. Institutions suggest paying attention to the risk of a pullback after the short-term rise. It is expected that brokerage Q3 performance will improve significantly.
China-affiliated brokerage stocks continued to decline. As of the time of writing, GF Sec (01776) fell 8.38%, closing at 10.06 Hong Kong dollars; China Merchants (06099) fell 8.06%, closing at 11.18 Hong Kong dollars; Everbright (06178) fell 5.94%, closing at 6.97 Hong Kong dollars; CSC (06066) fell 5.18%, closing at 8.97 Hong Kong dollars.
china international capital corporation 'trips up' the brokerage sector, leading stocks face an embarrassing start to the bull market.
After a continuous sharp rise, differentiation begins.
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