--- title: "Understanding the Market | Chinese Brokerage Stocks Decline Across the Board, Fed Rate Cut Meets Expectations, Institutions Say Easing Trades May Experience Marginal Adjustment" type: "News" locale: "en" url: "https://longbridge.com/en/news/257848408.md" description: "Chinese brokerage stocks fell across the board. As of the time of writing, Zhongzhou Securities dropped 4.79% to HKD 2.78; China Merchants Securities fell 3.76% to HKD 16.65; Everbright Securities decreased 3.34% to HKD 10.72; and CITIC Construction Investment Securities declined 2.74% to HKD 13.5. On the news front, on September 17, the Federal Reserve announced a 25 basis point reduction in the target range for the federal funds rate to between 4.00% and 4.25%. This marks the first rate cut by the Federal Reserve in 2025, following three rate cuts in 2024. Founder Securities stated that the Fed's rate cut was in line with expectations. The September monetary policy meeting has reopened the Fed's rate cut cycle, but the market had previously overestimated expectations, and easing trades will see marginal adjustments. Huatai Securities pointed out that brokerage investment and brokerage business benefit from high market prosperity and growth, while investment banking and international business are strongly recovering, entering a new phase of sustained growth across multiple business lines. Under this positive cycle, the stability and sustainability of brokerage performance are improving, and the sector's value re-evaluation opportunities are still promising. Individual stocks to watch include leading brokerages with more cost-effective valuations such as Guotai Junan AH and CICC AH; and mid-sized brokerages like Guoyuan Securities and Industrial Securities" datetime: "2025-09-18T06:55:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/257848408.md) - [en](https://longbridge.com/en/news/257848408.md) - [zh-HK](https://longbridge.com/zh-HK/news/257848408.md) generator: "portal-rs" --- # Understanding the Market | Chinese Brokerage Stocks Decline Across the Board, Fed Rate Cut Meets Expectations, Institutions Say Easing Trades May Experience Marginal Adjustment According to Zhitong Finance APP, Chinese brokerage stocks fell across the board. As of the time of publication, Zhongzhou Securities (01375) dropped 4.79% to HKD 2.78; China Merchants Securities (06099) fell 3.76% to HKD 16.65; Everbright Securities (06178) decreased 3.34% to HKD 10.72; and CITIC Construction Investment Securities (06066) declined 2.74% to HKD 13.5. On the news front, on September 17, the Federal Reserve announced a 25 basis point reduction in the target range for the federal funds rate to between 4.00% and 4.25%. This marks the first rate cut by the Federal Reserve in 2025 and follows three rate cuts in 2024. Founder Securities stated that the Fed's rate cut was in line with expectations. The September monetary policy meeting has reopened the Fed's rate cut cycle, but the market had previously overestimated expectations, leading to a marginal adjustment in easing trades. Huatai Securities pointed out that brokerage investment and brokerage business benefit from high market growth, while investment banking and international business are strongly recovering, entering a new phase of sustained growth across multiple business lines. Under this positive cycle, the stability and sustainability of brokerage performance are improving, and the sector's value reassessment opportunities remain promising. Individual stocks to watch include leading brokerages with better cost-performance ratios such as Guotai Junan AH and CICC AH; and mid-sized brokerages like Guoyuan Securities and Industrial Securities ### Related Stocks - [601901.CN](https://longbridge.com/en/quote/601901.CN.md) - [000728.CN](https://longbridge.com/en/quote/000728.CN.md) - [601788.CN](https://longbridge.com/en/quote/601788.CN.md) - [06178.HK](https://longbridge.com/en/quote/06178.HK.md) - [601375.CN](https://longbridge.com/en/quote/601375.CN.md) - [01375.HK](https://longbridge.com/en/quote/01375.HK.md) - [601066.CN](https://longbridge.com/en/quote/601066.CN.md) - [06066.HK](https://longbridge.com/en/quote/06066.HK.md) ## Related News & Research - [Everbright Securities Company: H1 2026 net profit up 32.45% YoY on strong core business; interim dividend proposed](https://longbridge.com/en/news/296353775.md) - [CITIC Securities, CSC Financial File IPO Tutoring Progress Report for YMTC, CSRC Website Shows](https://longbridge.com/en/news/292390681.md) - [YMTC IPO Tutoring Team Comprises 31 Members from CITIC Securities and China Securities](https://longbridge.com/en/news/292421951.md) - [Central China Securities Refines Partnership to Target High-Tech Investments](https://longbridge.com/en/news/291907219.md) - [China Renaissance unit hires CSCI AM to manage USD 20 million investment portfolio](https://longbridge.com/en/news/291781713.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**