Zhitong Financial APP learned that Chinese brokerage stocks rose generally in early trading. As of press time, Guolian Securities (01456) rose 5.74% to HK $4.42; China International Capital Corporation (03908) rose 5.42% to HK $15.16; GF Securities Co., LTD. (01776) rose 5.23% to HK $11.68; Xingsheng Securities (06058) rose 4.55% to HK $0.092; CITIC (06030) rose 4.51% to HK $16.22 CSC FINANCIAL CO.,LTD (06066) rose 4.43% to HK $7.07.

The Open Source Securities Development and Research report said that the steady growth policy is expected to continue, the risk preference of the equity market is enhanced, and the valuation and institutional allocation of the brokerage plate are at historically low levels. The bank continues to be bullish on the opportunities of the brokerage plate and is optimistic about the excess returns of the current plate. The first is Guolian Securities, which has a small market capitalization and strong certainty of growth. Shanxi Securities said that securities companies as a typical cyclical industry, real estate policy dividends help to improve the valuation level of the securities sector. At present, the valuation of the securities sector is still at the bottom of history and has a high investment value.