According to the Zhongtong Finance APP, China-affiliated brokerage stocks fell across the board in the morning session. As of the time of publication, Citic Securities (06030) fell by 4.36% to HK$24.15; CSC (06066) fell by 4.07% to HK$11.32; China Merchants (06099) fell by 3.51% to HK$12.64; Haitong Securities (06837) fell by 3% to HK$7.12.

On the news front, in the morning of November 11, brokerage firms such as Haitong Securities and GTJA announced that starting from November 11, the company would adjust the RMB margin deposit interest rate standard for clients to 0.10% (annualized). Some analysts believe that the reduction of the margin account deposit rate will not have much impact on individual clients, but due to the large number of clients, it will have some impact on brokerage firms' margin interest income.

Huaan Securities released a strategy report stating that the NPC Standing Committee, the U.S. presidential election, and the November Fed meeting basically meet the mainstream market expectations. Subsequent expectations are expected to gradually converge, with the market likely to return to a calm state, playing against fundamentals and the new round of policies. The bank pointed out that this week, the non-bank financial industry led the gains, partly due to the enthusiastic market trading coupled with brokerage mergers catalyzing, leading the securities sector. On the other hand, insurance and other sub-sectors followed suit. In the short-term outlook, in terms of securities, the market heat is likely to cool down, even though brokerage mergers will still occur, seizing securities opportunities will be relatively difficult.