The Zhitong Finance App learned that the increase in Chinese brokerage stocks expanded further in the afternoon. As of press release, China League Securities (01456) rose 27.12% to HK$3.75; CICC (03908) rose 10.26% to HK$9.78; China Galaxy (06881) rose 8.79% to HK$4.21; and CITIC Construction Investment Securities (06066) rose 7.2% to HK$6.25.

According to the news, the State Council released a report a few days ago, proposing to adjust the proportion of state-owned financial capital in banking, insurance, securities and other industries in due course and concentrate efforts on building a “national team” for the financial industry. Furthermore, Guolian Securities announced that the company plans to issue shares to acquire 95.48% of Minsheng Securities held by 45 counterparties. This indicates that the restructuring and integration of the two securities companies has entered a substantial stage.

Guotai Junan Securities previously stated that industry integration is expected to accelerate, and it is expected that the introduction of policies will be more beneficial to leading brokerage firms that operate in a professional and compliant manner. The “Nine Rules of the New Country” will strengthen supervision, push the securities fund industry back to its roots, and support leading institutions to enhance their core competitiveness through mergers, acquisitions, restructuring, and organizational innovation. Industry integration is expected to accelerate, which will further benefit leading brokerage firms with specialized capabilities and compliant management.