King's Wealth News | Chinese brokerage sector rallied in the afternoon, with some individual stocks reversing their decline. Everbright Securities (06178) rose by 1.54%, GTJA (02611) rose by 1.37%, Haitong Securities (06837) rose by 1.3%, CSC (06066) rose by 1.12%, Citic Securities (06030) rose by 0.88%.

On the news front, GTJA and Haitong Securities jointly announced that the State Administration for Market Regulation has decided to propose to not further review the implementation of the operator concentration in the anti-monopoly review, and all necessary Chinese anti-monopoly declarations for the proposed merger have been reviewed and approved. At the same time, the Shanghai State-owned Assets Supervision and Administration Commission issued a reply, indicating a preliminary agreement on the proposed merger and the overall plan for the proposed issuance.