Understanding the Market | Chinese brokerage stocks fell across the board, with Guolian Securities down nearly 5% and CITIC Securities down nearly 4%
Chinese brokerage stocks fell across the board. As of the time of publication, Guolian Securities fell 4.91% to HKD 4.84; CITIC Securities fell 3.87% to HKD 22.35; GF Securities fell 3.51% to HKD 10.98; Everbright Securities fell 3.23% to HKD 8.39; and CMS fell 3.11% to HKD 16.22. On the news front, Great Wall Securities pointed out that the market is affected by exchange rate fluctuations, the volatility of U.S. interest rate cut expectations, and the flow of northbound funds, leading to increased market volatility and adjustments in the brokerage sector, suggesting active positioning for the year-end market. Domestic and international events will face important intersections, and the market is entering a critical observation period. CITIC CLSA previously expected that with favorable liquidity, ETF growth, and a structural shift in household balance sheets towards financial assets, the trading volume of A-shares will remain robust in 2025. However, the firm reminded investors to be cautious of the recent excessive volatility risk of H-share brokerages
According to Zhitong Finance APP, Chinese brokerage stocks fell across the board. As of the time of publication, Guolian Securities (01456) dropped 4.91% to HKD 4.84; CITIC Securities (06030) fell 3.87% to HKD 22.35; GF Securities (01776) decreased 3.51% to HKD 10.98; Everbright Securities (06178) declined 3.23% to HKD 8.39; and CMS (06099) dropped 3.11% to HKD 16.22.
In terms of news, Changcheng Securities pointed out that the market is affected by exchange rate fluctuations, the volatility of U.S. interest rate cut expectations, and the flow of northbound funds, leading to increased market volatility. The brokerage sector has experienced some fluctuations and adjustments, and it is necessary to actively position for the year-end market. Domestic and international events will face important intersections, and the market is entering a critical observation period. CITIC Lyon previously expected that with favorable liquidity, growth in ETFs, and a structural shift in household balance sheets towards financial assets, the trading volume of A-shares will remain robust in 2025. However, the firm reminded investors to pay attention to the recent excessive volatility risk of H-share brokerages