According to reports, 40 bankers in Hong Kong have switched from foreign banks to Chinese securities firms.

According to Bloomberg, around 40 former bankers who worked in foreign banks have shifted to Chinese brokerages over the past year, and the salaries at the latter often fall by 30% to 40% compared to their previous positions. Sources revealed that a senior managing director at UBS Group has a base salary of about 0.5 million dollars, while the base salary at China International Capital Corporation is about 0.3 million dollars. The report indicated that in the past three years, six senior executives who previously worked for multinational companies such as UBS Group and JPMorgan have also moved to Chinese brokerages. Among them, CITIC Securities and its subsidiary CLSA, China Merchants, and HAITONG INT'L Securities completed most of the hiring in the past year, with nearly 40% being former.

AASTOCKS09:08

Express News | China International Capital Corporation: The resilience of coal machinery equipment orders from 2025 to 2027 may be better than market expectations.

Breakings07:53

Express News | China International Capital Corporation: Resuming coverage of CM BANK A shares, rating outperforming the Large Cap, Target Price 53.11 yuan.

BreakingsMar 26 08:21

China International Capital Corporation: Raised the Target Price of TCL ELECTRONICS to 10 Hong Kong dollars, maintaining the 'outperform industry' rating.

China International Capital Corporation released a Research Report stating that TCL ELECTRONICS (01070) will exceed expectations in 2024 due to the performance of its color TV and innovation businesses, as well as the continuous optimization of overall expense ratios. The bank also believes that the group's profitability in color TVs will continue to improve and that there is significant potential in new businesses. Based on profit upgrades and an increase in Hong Kong stock valuations, the target price for TCL ELECTRONICS has been raised by 20% to HKD 10, while maintaining an 'Outperform Industry' rating. In the domestic market, the group benefits significantly from the clear trend of structural upgrades in the color TV industry under the national subsidy policy; in the overseas market, its share has continued to increase in recent years. The bank expects that the group...

Sina Hong Kong Stock MarketMar 25 11:34

CICC: Raises China Shenhua Energy's Target Price to HKD 36, maintains "outperform industry" rating.

China International Capital Corporation released a research report stating that it has raised the Target Price for China Shenhua Energy (01088, 601088.SH) H shares by 43% to 36 Hong Kong dollars, and also raised the Target Price for A shares by 29%, both maintaining an "outperform the Industry" rating. The report indicated that the company’s net profit attributable to parent for H shares in 2024 will be 62.4 billion yuan, a decrease of 3.4% year-on-year. The performance exceeded market expectations, mainly due to the company’s enhancements in efficiency and cost control, as well as a reduction in losses year-on-year. The company plans to distribute a year-end dividend of 2.26 yuan per share (tax included) for 202, corresponding to a payout ratio of 76.5%, with the dividend amount remaining the same as last year, outperforming market expectations. Considering that

Sina Hong Kong Stock.Mar 25 11:33

Express News | CITIC Securities: AI agents may reshape the Internet ecosystem by taking over mobile phones.

BreakingsMar 25 07:38