MB-CSC @EC2609A

HARBOUR DIGITAL

51WORLD

HUILI RES

GF HEALTHCARE

160 HEALTH

CONGYU INTE AGR

KWONG MAN KEE

DOUMOB

PETRO-KING

METASURFACE

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赛美特信息集团股份有限公司

CITIC Lyon Securities and CSC (International) have withdrawn as the overall coordinators for the Samart Hong Kong IPO due to staff shortages. This move reflects that institutions are becoming more selective when handling IPOs. The Hong Kong banking industry is facing a surge in the number of IPOs, leading to a shortage of qualified staff, with some bankers responsible for as many as 19 IPO projects simultaneously

AASTOCKS

CITIC SEC

According to reports, two investment banks have withdrawn from the Samart Hong Kong IPO due to staff shortages

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159842

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CITIC Construction Investment Chief Economist Huang Wentao interprets the government work report, pointing out that the policy orientation for 2026 is "seeking progress while maintaining stability, improving quality and efficiency," with a GDP growth target of 4.5%—5%. The focus of policies will shift towards structural optimization and risk resolution, with fiscal policy emphasizing structural optimization, while monetary policy will focus on price restoration and transmission efficiency

Wallstreetcn

Guotai CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CSC Huang Wentao: The policy orientation for 2026 is "seeking progress while maintaining stability, improving quality and efficiency"

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胜宏科技(惠州)股份有限公司

On February 24th, Shenghong Technology submitted a listing application to the Hong Kong Stock Exchange's main board, with JP Morgan, CSC International, and GF SEC as joint sponsors. The company had previously submitted a listing application on August 20, 2025

GF SEC

Shenghong Technology submits a second application to the Hong Kong Stock Exchange

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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

CAITONG SECURITIES

GTHT

CICC

HTSC

DFZQ

CMSC

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)

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As of February 6, 685 listed companies have received brokerage research teams this year. Leading brokerages, leveraging the advantages of their research teams, have become the "main force" in the research market, with CITIC Securities ranking first with 213 research visits; Changjiang Securities, Guotai Haitong, and CICC also exceeded 150 visits each; 12 brokerages including Guosen Securities, Huatai Securities, Western Securities, GF SEC, and CSC have all conducted over 100 research visits

Sealand Securities

SDHT

ZHONGTAI SECURITIES

GF SECURITIES

Changjiang Securities

SINOLINK SECURITIES

GUOSEN SECURITIES

Western Securities

Huaan Securities

Since the beginning of the year, securities firms have "visited" a total of 685 A-share companies

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CSC Financial's Indirectly Owned Subsidiary Guaranteed With 357 Million Yuan for Bond Issuance

marketscreener

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

CSC Financial's Indirectly Owned Subsidiary Guaranteed With 357 Million Yuan for Bond Issuance

CSC Financial Co., Ltd. announced that due to work arrangement, Mr. Yan Xiaolei, a Non-executive Director, submitted a resignation report to the Board of the Company and resigned as the Non-executive Director and a member of the Risk Management Committee and the Audit Committee of the Board. Following his resignation, Mr. Yan will no longer hold any other position in the Company or its controlling subsidiaries. The resignation shall take effect from the date on which a new Non-executive Director is elected by the general meeting of the Company.

CSC Financial Co., Ltd. Announces Board and Committees Changes

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China Securities Co. Ltd. has announced the resignation of Non-executive Director Mr. Yan Xiaolei and nominated Mr. Dong as his replacement. Mr. Dong will take office pending approval at the company's general meeting.

Reuters

CC SECURITIES

CCSC

China Securities Co. Ltd. Nominates Dong as Non-Executive Director

CITIC Securities Co., Ltd. Chief Economist Mingming stated that the market is focused on the timing of the reserve requirement ratio and interest rate cuts, and it is expected that the policy interest rate will be lowered in the second quarter. Based on past experience, after the reduction of the re-lending rate, the overall space for interest rate cuts will also be opened accordingly. As the fixed deposits mature in the first quarter, the pressure on bank interest margins will ease

CITIC Securities Co., Ltd.: It is expected that the timing of the policy interest rate reduction will be in the second quarter

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CITIC Construction Investment analysts Zhou Junzhi and Tian Yunong pointed out in their research report on January 11 that recent performance of non-ferrous metals such as copper and aluminum has been strong, believing that copper prices will continue to rise, and USD 13,000 is not the endpoint. Although copper prices have entered a technical correction phase and may be affected by profit-taking in the short term, structural demand will still support copper prices, with an optimistic outlook for copper prices by 2026

Yinhua CSI Non-ferrous Metal ETF

GHNM

CSC: Copper will surely take over from gold and silver, and the market is not yet over

In early 2026, several brokerages such as CSC, SINOLINK SECURITIES, and Xiangcai Securities frequently experienced personnel changes involving multiple star analysts. These changes varied in nature, including internal position adjustments, age-related retirements, and "transfers" to join other firms

Frequent personnel changes in sell-side at the beginning of 2026: Wu Chaoze and Huang Wentao of CSC have new positions, and there are also adjustments at Xiangcai and SINOLINK SECURITIES

CITIC Construction Investment Securities Chief Economist Huang Wentao has been appointed as the director of the research institute. He graduated from Nankai University with a Ph.D. in Economics and has previously served as a visiting scholar at the State University of New York. Huang Wentao previously held the positions of Chief Economist, Co-Head of the Research and Development Department, Managing Director, and Chief Analyst of the Macroeconomic and Fixed Income Research Team at CITIC Construction Investment Securities

CITIC Construction Investment Securities Chief Economist Huang Wentao appointed as Director of the Research Institute

MB-CSC @EC2609A(26942.HK)

According to reports, two investment banks have withdrawn from the Samart Hong Kong IPO due to staff shortages

CSC Huang Wentao: The policy orientation for 2026 is "seeking progress while maintaining stability, improving quality and efficiency"

Shenghong Technology submits a second application to the Hong Kong Stock Exchange

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

Since the beginning of the year, securities firms have "visited" a total of 685 A-share companies