此外，伴随国泰君安与海通证券并购落地，中金公司与银河证券互换掌门人，总裁职位空缺、董事长均在60岁左右的中信证券和中信建投是否也将互换总经理，成为市场各方关注焦点。财信证券此前指出，券商行业集中度偏低、政策支持打造“航母级券商”、存在较强并购重组预期，受益于本次市值管理及并购重组市场改革的利好政策落地，叠加资本市场成交额持续回暖，预计券商仍有反复活跃的机会。China-affiliated brokerage stocks further expanded their gains in late trading, as of the time of publication, Swhy (06806) rose by 11.79%, to HK$2.74; CSC (06066) rose by 8.36%, to HK$10.24; China Galaxy (06881) rose by 7.09%, to HK$7.55; htsc (06886) rose by 5.99%, to HK$14.16.
According to the Zhitong Finance APP, China-affiliated brokerage stocks further expanded their gains in late trading, as of the time of publication, Swhy (06806) rose by 11.79%, to HK$2.74; CSC (06066) rose by 8.36%, to HK$10.24; China Galaxy (06881) rose by 7.09%, to HK$7.55; htsc (06886) rose by 5.99%, to HK$14.16.
Caitong Securities pointed out that the third-quarter reports of listed brokerages for 2024 have been fully disclosed. Due to the sluggish trading in the equity market in the third quarter, periodic tightening in equity investment banking, and further cooling effect on the active equity fund sales market, brokerages' brokerage, margin financing, investment banking, and asset management businesses continue to be under pressure. The investment end has become the core driver contributing to performance growth. With the rapid strengthening trend in the equity market at the end of the third quarter, some brokerages actively seized market opportunities. Equity investments have already released performance elasticity, driving the year-on-year growth rate of third-quarter reports into positive territory. The current vibrancy of the equity market has significantly improved, with market turnover maintained at around 2 trillion, expecting to continue to drive brokerage performance back to growth.
Furthermore, with the completion of the acquisition between Gtja and Haitong Sec, china international capital corporation and China Galaxy exchanged leadership positions. The vacated CEO position and director, both around 60 years old, at CSC and China Securities Co., Ltd., respectively, are also under the market's attention to see if they will also exchange general managers. Caixin Securities previously pointed out that the low concentration in the brokerage industry, policy support to build "aircraft carrier-level brokerages," and strong expectations for mergers and acquisitions. Benefiting from the favorable policies of the market value management and M&A market reforms, coupled with the continuous recovery in the capital markets turnover, it is expected that brokerages will continue to have opportunities for repeated activity.
