Understanding the Market | JF SMARTINVEST rises over 6% again, accumulating a rise of over 30% in the past nine days as the company acquires Dongfang Securities to enter the overseas financial industry

JF SMARTINVEST's stock price rose over 6% again, with a cumulative increase of over 30% in the past nine days, currently reported at HKD 39, with a transaction volume of HKD 124 million. The company plans to acquire 100% equity of Yintech Financial for HKD 108.81 million, further entering the overseas financial market. Founder Securities pointed out that JF SMARTINVEST will leverage Yintech's resources and experience to enhance its coverage capabilities in the Hong Kong and U.S. stock markets. Great Wall Securities emphasized that the company needs to focus on a dual-driven strategy of technology and investment research to improve customer retention and expand new customer acquisition