According to the Zhitong Finance and Economics APP, China-affiliated brokerage stocks rebounded in early trading. As of the time of writing, Haitong Securities (06837) rose by 109.26%, to HK$7.59; GTJA (02611) rose by 75.82%, to HK$13.9; cc securities (01375) rose by 4.37%, to HK$2.15; Guolian Securities (01456) rose by 1.8%, to HK$4.52.

On the news front, the merger plan between GTJA and Haitong Securities has made significant progress. On October 9, both companies simultaneously released the preliminary plan for the merger and a joint statement, and resumed trading on October 10, 8 days earlier than the suspension time previously announced in the A-share disclosure. According to GTJA's announcement, the companies plan a major asset restructuring through a stock-for-stock absorption merger method and plan to raise supporting funds. The stock exchange ratio between Haitong Securities and GTJA is 1:0.62, and the merged company will adopt a new company name.

In addition, today, the central bank announced the establishment of an initial 500 billion yuan swap facility, supporting eligible securities, funds, insurance companies to use bonds, stock ETFs, and ​CSI 300 index constituent stocks and other assets as collateral, exchanging them for high-grade liquid assets such as national bonds, central bank bills at the People's Bank of China. According to sources close to the central bank, the swap facility has a term of no more than 1 year, with the possibility of extension upon maturity; the scope of collateral may be expanded in the future as needed. The flexibility in these operations indicates that the tools will have significant room for development in the future.