Hong Kong-listed China-affiliated brokerage stocks continued to rise today, with continuous gains during the trading session. As of the time of publication, $CMSC (06099.HK)$ rose by 36.7%, closing at 12.44 Hong Kong dollars; $CITIC SEC (06030.HK)$ rose by 25.3%, closing at 25.75 Hong Kong dollars; $DFZQ (03958.HK)$ rose by 20.36%, closing at 6.06 Hong Kong dollars; $CSC (06066.HK)$ Increased by 20.36%, closing at HKD 10.64.

On the news front, with a series of policies intensively released, market sentiment has improved, client account opening intentions have significantly strengthened, daily account openings have surged, online account openings have queued up, and both individual and institutional clients have a strong willingness to enter the market. It was reported that a leading domestic brokerage's investment advisory department worked overtime during the National Day holiday. The head of the brokerage's investment advisory department said, 'We are working today mainly to review new account openings, supervise counters, and organize data. Recently, the number of new account openings has been extremely high, we have not had time to do data statistics, but the atmosphere of enthusiasm feels like we are back in 2015.'

Guokai Securities predicts that with the implementation of the current mergers and acquisitions, entry of medium to long-term funds into the market, and the new policies on market capitalization management, the functional capabilities of brokerages will rapidly improve, with performance expected to significantly enhance. It is recommended to continue monitoring brokerage performance and bottom-up valuation improvements, as well as industry supply-side reforms. Kaiyuan Securities believes that the combination of policies for stable growth and a stable stock market surpassing expectations, coupled with enlarging market transaction volume, together with a low base figure, the bank expects a significant improvement in the performance of listed brokerages in the second half of the year on a year-on-year basis.

Editor/Lambor