China Development Securities's November 15 research report pointed out that recently, capital market reform plans have been intensively introduced, and investor confidence has recovered. In the future, it is expected that after reforms on the investment side and transaction side are implemented frequently, the financing-side reforms are expected to be relapsed, and brokerage firms with competitive advantages, comprehensive capabilities, or outstanding characteristics in institutional and wealth management businesses will enjoy policy dividends more directly. Recommended attention: CITIC Construction Investment, Oriental Wealth, CaiTong Securities, etc.
国开证券：政策再发力，证券板块估值回暖
China Development Securities: Policies are being strengthened again, and securities sector valuations are picking up
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