On January 10, Glonghui reported that UBS Group has raised its average profit forecast for the mainland securities industry this year by 10%, based on its new predictions and performance in the first three quarters of last year. They indicated that, under intensified competition, the preferred choices are CITIC SEC and HTSC, both of which are in leading positions in wealth management, Asset Management, Institutional Business, and overseas business. UBS Group expects that the average net profit of mainland brokerages will increase by 28% year-on-year this year, while the industry net profit will rise by 17% year-on-year, mainly driven by brokerage, margin financing, and investment income. Furthermore, the bank anticipates that the average daily trading volume of stocks and ETFs this year will reach 1.4 trillion yuan, leading to a 16% year-on-year growth in brokerage income. UBS Group proposed five major catalysts for the mainland securities industry this year, including more macro policy support, an expected 6% growth in A-share earnings by their team, accelerated mergers and acquisitions and restructuring, which will help improve the competitive landscape, enhance industry profitability, and valuations.