According to Zhitong Finance APP, the decline in china-affiliated brokerage stocks has further expanded. As of the time of this report, china merchants (06099) has fallen by 7.1% to 14.14 HKD; csc (06066) has fallen by 5.25% to 10.1 HKD; citic sec (06030) has fallen by 5.21% to 21.85 HKD; htsc (06886) has fallen by 4.71% to 13.34 HKD; gf sec (01776) has fallen by 3.98% to 11.1 HKD.

Huaan Securities recently pointed out that the Standing Committee of the National People's Congress, the U.S. presidential election, and the U.S. interest rate meeting in November are basically in line with market mainstream expectations, and subsequent expectations will gradually converge. The market is expected to return to calm, balancing fundamentals with a new round of policies. The firm noted that the non-bank financial industry saw notable gains last week, partly due to active market trading combined with brokerage mergers as a catalyst, leading the securities sector. Additionally, other sub-sectors like insurance also saw gains. In the short-term outlook, in terms of securities, market enthusiasm is likely to cool somewhat, although brokerage mergers will still occur, the grasp of opportunities in the securities sector may be more challenging.