Soochow Securities Co., Ltd. Chief Strategy Officer and Co-Director of the Research Institute Sun Ting clearly stated that the barometer attribute of brokerage stocks has not disappeared, but its signaling significance has weakened. The close correlation between insurance stocks and the market is more due to changes in accounting standards. (Shanghai Securities Journal)

Soochow Securities Co., Ltd.: China's current account surplus and net inflow of securities investment funds are expected to drive the RMB/USD exchange rate to break through the 7.0 mark

Soochow Securities Co., Ltd. Chief Economist Lu Zhe predicts that the depreciation cycle of the Renminbi will end in 2025 and a new round of appreciation will begin. It is expected that in 2026, influenced by the structural weakness of the US dollar index, China's current account surplus and net inflow of securities investment funds will drive the Renminbi to break through the 7.0 mark against the US dollar. If the annualized exchange rate volatility remains at 3.0%—4.0% throughout the year, the Renminbi to US dollar exchange rate may rise to the range of 6.70—6.80

The key to determining the direction of insurance funds - What is FVOCI?

Soochow Securities Co., Ltd. believes that with the full implementation of the new accounting standards in the insurance industry, there is no unified standard for how insurance funds choose the proportion of FVOCI: companies that require profit volatility may be more inclined to increase the proportion of FVOCI assets; companies that are confident in their investment capabilities and hope to enhance profitability through investments may be more inclined to increase the proportion of FVTPL assets

Rongcheer Inc.: Employee strategic placement asset management plan intends to reduce holdings by no more than 1.32% of shares

According to the Zhitong Finance APP, Rongcheer Inc. announced that its shareholder Dongxing Securities Co., Ltd. - Industrial and Commercial Bank of China - Dongxing Securities Co., Ltd. employee participation in the Growth Enterprise Market strategic allocation collective asset management plan (hereinafter referred to as the "Employee Strategic Allocation Asset Management Plan") plans to reduce its holdings of the company's shares by no more than 704,600 shares (not exceeding 1.32% of the company's total share capital) through centralized bidding or block trading within three months after the announcement date, starting from fifteen trading days after the disclosure of this announcement

SCS: The net profit for the third quarter was 1.003 billion yuan, a year-on-year increase of 50.56%

Soochow Securities Co., Ltd. announced that its revenue for the third quarter was 2.846 billion yuan, a year-on-year increase of 38.39%; net profit was 1.003 billion yuan, a year-on-year increase of 50.56%. Revenue for the first three quarters was 7.274 billion yuan, a year-on-year increase of 35.45%; net profit was 2.935 billion yuan, a year-on-year increase of 60.23%