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China-Affiliated Brokerage stocks surged in the short term, with Guolian (01456) up 5.58%. JPMorgan indicated that the Politburo meeting had a positive reaction on China's financial stocks.
Jinwu Financial News | China-Affiliated Brokerage stocks surged in the short term. As of the time of this report, Guolian Securities (01456) rose by 5.58%, CC SECURITIES (01375) rose by 3.78%, China Merchants (06099) rose by 3.31%, CISI FIN (06058) rose by 2.65%, and China Galaxy (06881) rose by 2.15%. On the news front, JPMorgan issued a Research Report, indicating that the recent strong and supportive tone from the Central Political Bureau regarding the macro economy and stock market is expected to have a positive response for China's financial stocks. It is believed that the performance of brokerage stocks will outperform China Mainland Banking stocks in the short term, with a particularly Bullish outlook for China Galaxy. The bank anticipates that the impact of trade will continue.
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.
Guolian Securities (01456.HK): The Shanghai Stock Exchange Merger and Acquisition Committee will hold a meeting on December 17 to review the company's acquisition of 99.26% of Minsheng Securities' shares.
On December 10, Gelonghui reported that Guolian Securities (01456.HK) announced plans to issue A-share shares to acquire 99.26% of Minsheng Securities Co., Ltd. and raise matching funds. This trade constitutes a significant asset reorganization and is an associated transaction but does not constitute a reorganization listing. According to the announcement from the Shanghai Stock Exchange (hereinafter referred to as "the exchange") Mergers and Acquisitions Re-examination Committee, the sixth review meeting of 2024 is scheduled to be held on December 17, 2024.
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.
Guolian Securities (01456.HK): Received the implementation letter of the review center opinion from the Shanghai Stock Exchange.
On December 9, Gelonghui reported that Guolian Securities (01456.HK) announced its plan to issue A-shares to purchase 99.26% of the shares of Minsheng Securities Co., Ltd. and raise matching funds (hereinafter referred to as "this trade"). This trade constitutes a significant asset restructuring, an associated transaction, and does not constitute a restructuring listing. On December 9, 2024, the company received a letter from the Shanghai Stock Exchange (hereinafter referred to as "SSE") regarding the implementation of the review center opinion on Guolian Securities Co., Ltd.'s issuance of shares to purchase assets and raise matching funds, as well as the associated transaction (SSE Review (M&A Restructuring) [2024).
Guolian Securities (601456.SH): Adjustment of the plan for issuing shares to purchase assets and raising matching funds as well as related party transactions.
On December 3rd, Gelonghui reported that guolian (601456.SH) announced the following adjustments to the trade plan compared to the restructuring plan disclosed on May 14, 2024: 1. The partial share repurchase and return without compensation from the target company resulted in a reduction of its registered capital, changing the total share capital of Minsheng Securities from 11,383,836,763 shares to 11,372,878,460 shares. 2. The original trading counterparty, Fanhai Holdings, has withdrawn from this trade and will no longer participate with its held 0.74% shares of Minsheng Securities. 3. The aforementioned share repurchase and return without compensation have led to the involvement of the employee shareholding platform in this restructuring.
The Five-year Returns for Guolian Securities' (HKG:1456) Shareholders Have Been , yet Its Earnings Growth Was Even Better
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