--- title: "Hong Kong Stock Movement: GUOTAI JUNAN INTERNATIONAL fell 12.94%, with dual pressures from personnel changes and valuation adjustments causing the stock price to decline" type: "News" locale: "en" url: "https://longbridge.com/en/news/282495990.md" description: "GUOTAI JUNAN I fell 12.94%; YaoCai Securities Financial fell 4.16%, with a transaction volume of HKD 325 million; CITIC Securities fell 0.07%, with a transaction volume of HKD 246 million; GuoFu Quantum rose 13.27%, with a transaction volume of HKD 177 million; Guotai Haitong fell 0.56%, with a market value of HKD 250.3 billion" datetime: "2026-04-13T06:32:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282495990.md) - [en](https://longbridge.com/en/news/282495990.md) - [zh-HK](https://longbridge.com/zh-HK/news/282495990.md) --- # Hong Kong Stock Movement: GUOTAI JUNAN INTERNATIONAL fell 12.94%, with dual pressures from personnel changes and valuation adjustments causing the stock price to decline **Hong Kong Stock Movement** GUOTAI JUNAN INTERNATIONAL fell 12.94%. Based on recent key news: 1. On April 10, GUOTAI JUNAN INTERNATIONAL attracted market attention due to personnel changes following a raid in Hong Kong. Jean Li was appointed as the head of the equity sales business, after company executives were investigated for insider trading, leading to significant stock price fluctuations. 2. On April 10, news about the first batch of stablecoin licenses in Hong Kong created a buzz, temporarily boosting the stock price of GUOTAI JUNAN INTERNATIONAL due to market enthusiasm for financial stocks, but subsequent trends remain uncertain, and the stock price eventually fell back. 3. On April 10, the valuation adjustment of the brokerage sector was nearing its end, and the market held an optimistic view on the valuation recovery opportunities for the brokerage sector, but GUOTAI JUNAN INTERNATIONAL faced pressure on its stock price due to the internal investigation. The valuation adjustment of the brokerage sector is nearing its end. **Stocks with High Trading Volume in the Industry** Yao Cai Securities Financial fell 4.16%. Based on recent key news: 1. On April 10, Yao Cai Securities Financial's founder and former chairman, Ye Maolin, resigned as the company's executive director due to health reasons. This news raised market concerns about the stability of the company's management, leading to a decline in stock price. Source: Zhitong Finance 2. On April 9, Ant Group completed the acquisition of more than half of Yao Cai Securities Financial's shares and initiated a board restructuring, with several Ant executives entering the board. This move sparked market speculation about the company's future strategic direction, affecting stock price fluctuations. Source: Economic Information Daily 3. On April 9, Yao Cai Securities Financial announced that executive director Zheng Yanlan was appointed as the company's CEO, and Xu Yibin was reassigned as co-CEO. The management changes increased market uncertainty, further impacting the stock price. Source: Caihua News. The overall industry performance is weak, with significant capital outflows. CITIC SECURITIES fell 0.07%, with a trading volume of HKD 246 million. Based on recent key news: 1. On April 10, CITIC SECURITIES released its Q1 2026 performance report, showing a 40.91% year-on-year increase in operating income and a 54.6% year-on-year increase in net profit. The better-than-expected performance drove the stock price up, but subsequent market enthusiasm for chasing higher prices was insufficient, leading to a price drop. Source: Zhitong Finance 2. On April 10, concerns about bribery allegations involving senior executives at CITIC Lyon intensified. Although the company stated that operations were normal, market worries about compliance risks still existed, affecting stock performance. Source: Wall Street Insight 3. On April 10, the Hong Kong stock market was influenced by global monetary policy expectations and geopolitical factors, leading to a decrease in overall risk appetite, which caused fluctuations in CITIC SECURITIES' stock price. Source: Dongfang Caifu Network. The brokerage sector's valuation is low, with optimistic performance expectations. Guofu Quantum rose 13.27%. Based on recent key news: 1. On April 10, Hefei Yaozheng Quantum Technology Co., Ltd. underwent a business change, increasing its registered capital to 8.4921 million yuan, with new shareholders including Geely Gongchuang Shijiuhao Investment (Tianjin) Partnership (Limited Partnership) and Shanghai Yunyang Enterprise Management Consulting Co., Ltd. under Ant Group, while key personnel also changed. This news boosted market confidence in the quantum computing field, driving the stock price up 2. On April 10th, Yaozheng Quantum Technology Co., Ltd.'s official website showed that the company is currently the only quantum computing company in China based on the QCCD (Quantum Charge Coupled Device) ion trap technology route. This technological advantage has further attracted investor attention and promoted the rise in stock prices. 3. On April 10th, public information revealed that Yaozheng Quantum Technology Co., Ltd. was co-founded by several professors and doctors from the University of Science and Technology of China and the Chinese Academy of Sciences' Key Laboratory of Quantum Information, enhancing market recognition of its technological strength and driving up stock prices. The quantum computing sector has recently performed strongly, garnering high investor attention. **Stocks Ranked Among the Top in Industry Market Value** Guotai Haitong fell by 0.56%. Based on recent news, 1. On April 12th, Guotai Haitong announced a reminder for non-subscribed clients to cancel their subscriptions to its research service account to control investment risks. This move may affect investor confidence, leading to a decline in stock prices. 2. On April 10th, the status of Guotai Haitong's Sandship Closed-End Commercial Real Estate Securities Investment Fund project was updated to "Feedback Received," with a proposed issuance amount of 5.028 billion yuan. Although the project is progressing smoothly, the market reaction has been tepid, failing to boost stock prices. 3. On April 13th, Jiangsu Guotai Haitong Ruipu M&A Industry Fund Partnership was established with a capital contribution of 1 billion yuan. Although the establishment of the new fund indicates the company's business expansion, it has not immediately had a positive impact on stock prices. 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