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Chinese brokerage sector short-term rebound in the afternoon, some individual stocks reversed their declines. Everbright Securities (06178) rose by 1.54%.
Jinwu Financial News | The chinese brokerage sector saw a short-term pullback in the afternoon, with some individual stocks reversing their losses. Everbright (06178) rose by 1.54%, gtja (02611) increased by 1.37%, haitong sec (06837) grew by 1.3%, csc (06066) went up by 1.12%, and citic sec (06030) gained 0.88%. On the news front, gtja and haitong sec jointly announced that the State Administration for Market Regulation has decided not to conduct further reviews of the proposed merger related to operator concentration antitrust examination, and all necessary antitrust submissions related to the proposed merger have been approved.
Express News | The special asset-backed plan of CITIC Pacific Plaza has been approved, with an issuance scale of 4.53 billion yuan.
Express News | Sichuan Provincial Achievement Transformation Investment Guidance Fund is officially registered with a contribution amount of 3.62 billion.
Bank of America upgraded csc (06066.HK) rating to "buy" and raised the target price for china galaxy (06881.HK).
Merrill Lynch Securities published a report indicating that this year in china, there are 110 brokerages, with the top ten brokerages accounting for 73%, 68%, and 66% of the industry's operating profit, net profit, and total assets respectively last year. Among the remaining more than 90 smaller brokerages, internal growth space has contracted, but there are limited merger and acquisition cases before 2024, based on lack of interest from shareholders, regulatory approvals, and strong financing capabilities. These factors have currently reversed, especially with the regulatory attitude shifting to support; the firm believes that merger and acquisition opportunities in the industry will increase, and the number of brokerages will reduce to about 70 by 2030. The firm believes that integration will take place under two conditions, including competition among the top ten brokerages for the final two or three brokerages.
Express News | China Securities Co.,Ltd.: Under the blessing of automotive intelligence, the high-end market landscape is reshaping.
The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
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