Hong Kong stock movement | China-Affiliated Brokerage stocks surged in the morning, China Galaxy (06881) rose over 6%, and China International Capital Corporation (03908) rose over 4%.
China-Affiliated Brokerage stocks rose in the morning. As of the time of writing, China Galaxy (06881) increased by 6.08%, priced at 8.38 Hong Kong dollars; China International Capital Corporation (03908) rose by 4.2%, priced at 15.38 Hong Kong dollars; China Merchants (06099) climbed by 3.31%, priced at 14.96 Hong Kong dollars; CITIC SEC (06030) increased by 2.48%, priced at 22.75 Hong Kong dollars.
CITIC Securities' Unit Issues $30 Million Medium-Term Bonds
CITIC SEC (06030): CITIC SEC International provides a guarantee for the 30 million dollar notes issued by CSI MTN Limited.
CITIC SEC (06030) announced that its wholly-owned overseas subsidiary, CITIC SEC International's affiliated company CSI M...
Hong Kong stocks movement | China-Affiliated Brokerage stocks decline has widened. Citigroup states that the merger of Foshan Golden Milky Way Intelligent Equipment is difficult to implement in the short term. Institutions are bullish on the sequential im
China-Affiliated Brokerage stocks saw an expanded decline in the late trading session. As of the time of writing, SWHY (06806) is down 7.09%, at 2.36 HKD; CITIC SEC (06030) is down 6.14%, at 22.15 HKD; China Merchants (06099) is down 5.89%, at 14.38 HKD; CSC (06066) is down 5.34%, at 9.75 HKD.
【Brokerage Focus】GTJA: The Brokerage Sector is expected to see a double increase in profitability and valuation.
Jinwu Financial News | GTJA indicates that the recovery and improvement of the Capital Markets, combined with a low base, is expected to lead to better-than-expected fundamental improvements. In 2025, the new 'Nine Policies' will serve as the core of the '1+N' policy framework, entering a period of implementation overall, with a clear policy framework for medium- and long-term funds entering the market. More incremental policies are expected to be continuously introduced, leading to a sustained recovery and improvement in the Capital Markets, which is bullish for the fundamental and valuation repair of the Brokerage Sector. In the first quarter of 2024, extreme market volatility impacted the profitability of the Brokerage's investment business, leading to pressure on the Sector's earnings. From the current point of view, the recovery and improvement of the Capital Markets are expected to drive growth in retail and institutional business for Brokerages, bringing positive outcomes.
CITIC SEC (06030): CITIC SEC International provides a guarantee for the 10 million US dollar notes issued by CSI MTN Limited.
CITIC SEC (06030) announced that its wholly-owned overseas subsidiary, CITIC SEC International's affiliated company CSI M...
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}