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Positive
32
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Based on the 3Q24 results of the five Chinese brokers under tracking, Goldman Sachs raised its forecasts for core revenue and earnings for 2025 by 6% and 5% respectively, expecting trading volumes to ascend. The broker cut the target price of CICC (03908.HK) from $15.86 to $14.68, with a Buy rating; and added the target prices o...
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The Securities and Futures Commission of Hong Kong (SFC) announced 14 licensed corporations (LCs) are eligible to participate in the Cross-boundary Wealth Management Connect Pilot Scheme (WMC) in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).The 14 LCs are China Galaxy International Securities (Hong Kong), China Industria...
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The first batch of broker trials for the Cross-Boundary Wealth Management Connect (WMC) 2.0 is about to commence with expected participation from 14 brokers, primarily those registered in the Greater Bay Area, Chinese media reported.The report cited sources as saying that the initial trial list has undergone several adjustments ...
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Morgan Stanley released a research report saying that Chinese brokers have been significantly re-rated to a more normal valuation, mainly due to policy support, and expecting that the volatility of the sector will intensify, although there are still opportunities.Morgan Stanley listed its order of preference for brokers, startin...
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The Hong Kong bourse elevated in the morning session. The HSI opened 26 pts higher before the increase widened. At midday, the HSI rallied 342 pts or 1.7% to 20,841. The HSCEI rose 147 pts or 2% to 7,510. The HSTECH gained 105 pts or 2.3% to 4,627. The total market turnover for the first half of the day was $107.927 billion.Auto...
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