HU-CGS @EC2610A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

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marketscreener

Guotai CSI All Share Investment Banking & Brokerage ETF

CGS Sells 1 Billion Yuan Bonds

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China Galaxy announced the completion of the issuance of the 2026 Technology Innovation Corporate Bonds (Phase I), with an issuance scale of 1 billion RMB, a term of three years, and a coupon rate of 1.79%

AASTOCKS

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Fullgoal CSI 800 Banks ETF

Bank Of China

ChinaAMC SSE Financials Sector ETF Initiating Fund

Huaan CSI Banks ETF

BANK OF CHINA

WP CSI Banks ETF

CINDA 21USDPREF

E Fund CSI 300 Financials (ex Banks) ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

China Galaxy has completed the issuance of 1 billion RMB innovative bonds with a coupon rate of 1.79%

CGS Sells 5 Billion Yuan Perpetual Subordinated Bonds

CGS Sells 5 Billion Yuan Perpetual Subordinated Bonds

China Galaxy Securities to Redeem 21 Galaxy Y2 Bonds

China Galaxy Securities to Redeem 21 Galaxy Y2 Bonds

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The report from Galaxy Securities shows that in January, the growth rate of household deposits dropped to 7.18%, a significant decrease from the previous value of 9.68%. The difference between the growth rate of household deposits and M2 growth rate turned negative for the first time, reaching -1.82 percentage points, marking a return to negative values after seven and a half years. The rolling sum of new non-bank deposits over 12 months has risen rapidly. CAITONG SECURITIES pointed out that this portion of funds is mainly flowing into wealth management products rather than simply entering the market as deposits

Wallstreetcn

CAITONG SECURITIES

"Deposit migration" accelerates - The difference between the growth rate of household deposits and M2 growth rate turns negative for the first time in 7 and a half years

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The U.S. non-farm payroll data for January exceeded expectations, but analysts expressed concerns about the sustainability of the data. Galaxy Securities pointed out that the new jobs are highly concentrated in a few industries such as healthcare, and there has been no improvement in structural characteristics. HTSC believes that the Federal Reserve will pause interest rate cuts before June; although the risks in the labor market have eased, the sustainability of data improvement still needs to be verified. Market expectations for interest rate cuts in 2026 have narrowed, and analysts believe that the January data has not materially changed the policy path

- January's non-farm employment data in the U.S. exceeded expectations, yet analysts express concerns about the labor market's underlying recovery.  
- Job growth was concentrated in a few sectors, including healthcare, and the overall sustainability of improvements remains uncertain, with significant revisions to previous employment data.  
- While the jobless rate fell to 4.3%, indicating stronger labor utilization, many institutions believe the Federal Reserve will not cut rates until after June, pending further economic indicators.

HTSC

SDHT

ZHONGTAI SECURITIES

What doubts lie behind the unexpectedly strong January non-farm payrolls?

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36Kr learned that China Galaxy Securities stated that in recent years, the effects of film market scheduling and the Matthew effect have become increasingly evident. Based on the current scheduling for the Spring Festival and the popularity on third-party platforms, the audience still shows a high acceptance and willingness to watch quality films. The Spring Festival holiday in 2026 will last for 9 days, which is expected to provide a more ample time window for box office releases during this period. Attention should be paid to the subsequent box office performance during the Spring Festival

36Kr

BOCIC

CGS: The Spring Festival holiday is expected to provide a sufficient time window for the release of box office during the schedule, pay attention to the subsequent box office performance during the Spring Festival

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Bank of America Securities released a research report listing the investment ratings and target prices for Chinese brokerage stocks. CITIC Securities is rated as Buy, with a target price of HKD 35.7; Guotai Haitong is rated as Buy, with a target price of HKD 21.4; HTSC is rated as Buy, with a target price of HKD 22.1; GF SEC is rated as Buy, with a target price of HKD 22.9; CMS is rated as Underperform, with a target price of HKD 15.3; CGS is rated as Neutral, with a target price of HKD 12.1; CICC is rated as Buy, with a target price of HKD 26.9; CSC is rated as Buy, with a target price of HKD 15.7; DFZQ is rated as Underperform, with a target price of HKD 6.1

GTHT

CICC

DFZQ

CMSC

CITIC SEC

GF SEC

GUOTAI JUNAN I

Guotai Haitong

CITIC Securities Co., Ltd.

"Major Banks" Bank of America Securities' Investment Ratings and Target Prices for Chinese Brokerage Stocks (Table)

CGS Issues 4 Billion Yuan Commercial Paper

CGS Issues 4 Billion Yuan Commercial Paper

Reuters

China Galaxy Securities Completes RMB4 Billion Short-Term Commercial Paper Issuance

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Multiple research institutions believe that there is a significant "calendar effect" around the Spring Festival in the A-share market, suggesting that investors hold stocks during the holiday. GF Securities pointed out that the period before and after the Spring Festival is the strongest phase of the "spring rally" effect, with a high market win rate. Dongwu Securities and Guosen Securities also support holding stocks during the holiday, believing that the market is likely to rebound. Historical data shows that the probability of the SSE Index rising in the week before the Spring Festival is 81%. China Galaxy Securities recommends "lightly holding stocks during the holiday" to avoid pre-holiday volatility risks while retaining opportunities to participate in post-holiday market trends

GF SECURITIES

GUOSEN SECURITIES

SSE Index

CSI 300

Institution: The A-share market has a significant Chinese New Year "calendar effect," holding stocks during the holiday may be a better choice

China Galaxy Securities platziert Unternehmensanleihen über 6 Milliarden RMB

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

CPIC

ZA ONLINE

LAOPU GOLD

POP MART

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

AIA Group

LIANLIAN

OSL GROUP

HENGRUI PHARMA

Hengrui Pharma

PICC P&C

MAO GEPING

BLOKS

PING AN

Ping An Ins HK SDR2to1

Ping An

Ping An Insurance

EB SECURITIES

EBSCN

WUXI BIO

WuXi Biologics

CHINA LIFE

China Life

CHICMAX

XIAOMI-W

Xiaomi HK SDR 2to1

Xiaomi Corporation

AKESO

CHINA EB LTD

BEONE MEDICINES

BeOne Medicines

Beigene

REMEGEN

RemeGen

LINKLOGIS-W

Circle

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

HU-CGS @EC2610A(26295.HK)

HU-CGS @EC2610A Stock Performance Chart

CGS Sells 1 Billion Yuan Bonds

China Galaxy has completed the issuance of 1 billion RMB innovative bonds with a coupon rate of 1.79%

CGS Sells 5 Billion Yuan Perpetual Subordinated Bonds

China Galaxy Securities to Redeem 21 Galaxy Y2 Bonds

"Deposit migration" accelerates - The difference between the growth rate of household deposits and M2 growth rate turns negative for the first time in 7 and a half years