China Merchants 2025 Brokerage Industry Strategy Report: A bull market reappears under policy stimulus, with the Sector's performance expected to see strong recovery in 2025.
In the long term, the performance recovery of the Industry, the positive outlook from supply-side reform logic, and other Bullish factors have not yet been fully valued, and the Sector's valuation still has upside potential; in the short term, attention can be given to structural opportunities within the Sector.
CHINA LONGYUAN completed the issuance of 2 billion yuan of medium-term notes.
CHINA LONGYUAN (00916) announced that the company has completed the issuance of its medium-term notes on December 18, 2024. The total amount of this medium-term note issuance is 2 billion yuan, with a term of 3 years, a face value of 100 yuan per unit, and a coupon rate of 1.85%. Interest will begin to accrue from December 19, 2024. This medium-term note is publicly offered by CM BANK as the lead underwriter, and the Industrial And Commercial Bank Of China, Bank of Shanghai, China Galaxy Securities, and HTSC as co-lead underwriters.
Express News | China Galaxy Securities: Optimus makes new progress, focusing on three main lines in the humanoid robot Sector.
Express News | Shanghai Gold Exchange: Approved the withdrawal of Zijin International Holdings Limited.
Reemphasizing the Market Cap management of central state-owned enterprise listed companies! In the Hong Kong stock market, the Concept of valuation generally recovers, with China United Network Communications rising nearly 3%.
① What bullish policies for dividend stocks have been announced in the market since the beginning of this year? ② How do institutions view the current dividend stocks?
Express News | China Galaxy Securities: Real estate monthly sales area year-on-year turns positive, the effects of policies are gradually emerging.
China Securities Clearing Corporation: Starting next year, the handling fee for dividends on A-shares in the Shanghai and Shenzhen markets will be halved.
In order to increase the incentive for listed companies to distribute Dividends and enhance investor returns, the China Securities Registration and Clearing Company has issued a notice stating that starting next year, a preferential policy will be implemented for the A-share Dividend distribution handling fee in the Shanghai and Shenzhen markets, reducing the fee by half. Specifically, the handling fee will be charged at 0.5% of the total amount of cash distributed, and for amounts exceeding 1.5 million yuan, the excess will be exempt from the fee.
CGS Raises 2.5 Billion Yuan From Commercial Paper Issue
Express News | The State-owned Assets Supervision and Administration Commission: Central Enterprises should actively engage in mergers and reorganizations that are beneficial for enhancing investment value.
Express News | The State-owned Assets Supervision and Administration Commission (SASAC) of the State Council will focus on enhancing the investment value of centrally-held listed companies and strengthening investor returns as a long-term task.
Express News | The State-Owned Assets Supervision and Administration Commission (SASAC) requires central enterprises to treat Market Cap management as a long-term Global Strategy management activity.
Express News | The State-owned Assets Supervision and Administration Commission of the State Council: Central enterprises need to improve and strengthen the Market Cap management work of controlling listed companies in six areas including mergers and acquisitions, marke
Morgan Stanley's investment ratings and target prices for banks and Brokerage stocks (table)
Morgan Stanley released a research report, featuring the investment ratings and target prices for China Mainland Banking and Brokerage stocks as follows: Stock | Investment Rating | Target Price (HKD) Postal Savings Bank Of China (01658.HK) | Shareholding | 5.3 HKD MINSHENG BANK (01988.HK) | Shareholding | 4.2 HKD Agricultural Bank Of China (01288.HK) | Shareholding | 4.4 HKD China Construction Bank Corporation (00939.HK) | Shareholding | 7.1 HKD CM BANK (03968.HK) | Shareholding | 44.5 HKD Bank Of China (03988.HK)
Fangzheng Securities 2025 Brokerage Investment Strategy: Policy Enhancement, Stabilizing the Stock Market, Supply-Side Reform Brings Opportunities.
Looking ahead to 2025, with policies continuously intensifying and interest rates trending downward, market trading activity is expected to remain high, while the secondary market shows signs of recovery amidst fluctuations.
Express News | Yang Sulan, the head of the Consumer sector at China International Capital Corporation's investment banking division, is leaving and is expected to be appointed as the Vice President of China Galaxy International.
China International Capital Corporation: The nominal interest rate for the 2024 perpetual subordinated Bonds (Phase II) is 2.15%.
China International Capital Corporation (03908) announced that it has obtained approval from the China Securities Regulatory Commission regarding the public issuance of perpetual subordinate bonds to professional investors up to 20 billion yuan (inclusive of 20 billion yuan) (Approval No. [2023]193). This bond is underwritten by CITIC SEC and China Galaxy Securities Co., Ltd., among which China International Capital Corporation will publicly issue perpetual subordinate bonds (Phase II) to professional investors in 2024 (hereinafter referred to as 'simplified').
Express News | The State-owned Assets Supervision and Administration Commission: Promote the deepening of Industry Chain Global Strategy cooperation among central enterprises, lead the repayment of debts owed to private enterprises, and make every effort to stabilize em
China Galaxy (06881.HK) issued 3 billion yuan of short-term financing bonds with a coupon rate of 1.9%.
China Galaxy (06881.HK) announced that on September 12th of this year, it successfully issued the seventh phase of short-term financing bonds for 2024, with an issuance amount of 3 billion yuan (the same below), a coupon rate of 1.9%, a term of 91 days, and a maturity date of December 12th of this year. China Galaxy stated that it has repaid the principal and interest of this issue of short-term financing bonds totaling 3.014 billion yuan.
China Galaxy (06881): The redemption of the seventh issue of short-term financing bonds for the year 2024 has been completed.
China Galaxy (06881) announced that the company successfully issued China Silver on September 12, 2024...
Express News | The Galaxy Securities New Development Research Institute has established an international ESG research center.