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

China-affiliated brokerage stocks pull back. Citic Sec (06030) dropped by 10.99%, short-term profit-taking possible.

Kingworld Financial News | Chinese-affiliated brokerage stocks pulled back, as of press time, Orient (03958) fell by 13.82%, Citic Sec (06030) fell by 10.99%, Cisi Fin (06058) fell by 6.98%, China International Capital Corporation (03908) fell by 8.11%, China Galaxy (06881) fell by 4.53%. On the news front, with the recent series of bullish policies catalyzing capital markets, the trading volume in the Hong Kong and A-share markets soared, investors showed strong willingness to enter the market hastily, and the number of brokerage account openings increased by 4-6 times, becoming a common phenomenon. Yesterday, the Hong Kong stock brokerage sector surged, SWhyHK rose by over 200%,

Jingu Finance NewsOct 2 22:33 ET

There's Reason For Concern Over China Galaxy Securities Co., Ltd.'s (HKG:6881) Massive 76% Price Jump

Simply Wall StSep 30 20:07 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

Boc International: Policy support is expected to boost market confidence, bullish on brokerage sector beta performance.

boc international released research reports stating that the current brokerage sector has a large potential for upward valuation repair, and the expected policy enhancements are expected to boost market confidence.

Zhitong FinanceSep 25 08:10 ET

China Galaxy (06881) completes the redemption of the fifth tranche of short-term financing bonds for the year 2024.

China Galaxy (06881) announced that the company successfully issued China Galaxy Securities on June 21, 2024...

Zhitong FinanceSep 25 04:38 ET