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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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Year to date, more than 30 brokers in China have been punished or subject to regulatory measures by the China Securities Regulatory Commission (CSRC) for violations in investment banking business, receiving more than 60 fines, according to incomplete statistics from China Business Network. The CSRC had earlier announced the resu...
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Huatai International, a Chinese broker, cut the base salaries of its Hong Kong-based employees, with some seeing pay cuts of about 20-25%, Bloomberg quoted people familiar with the matter as saying. ~AAStocks Financial NewsWeb Site: www.aastocks.com
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Shares | Ratings | Target prices (HK$)CITIC SEC(06030.HK) | Buy -> Outperform | 18.2 -> 20.05GTJA(02611.HK) | Buy | 13.08GF SEC(01776.HK) | Buy | 9.1 -> 12.9CGS(06881.HK) | Buy | 5.54 -> 7.8HTSC(06886.HK) | Buy -> Neutral | 12.05 -> 13.6CMSC(06099.HK) | Buy -> Underperform | 7.65 -> 11.4CSC(06066.HK) | Un...
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In its report, BofA Securities maintained its forecast for the ADT of A-shares in 2024 and 2025 at RMB850 billion and RMB1 trillion, implying that the A-share ADT in 4Q24 under the base case will reach RMB1 trillion. After the recent rally, the broker raised its total investment return forecast for Chinese brokers by 0.2-0.7 ppt...
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