According to Zhitong Finance APP, Chinese brokerage stocks have collectively risen. As of the time of publication, CICC (03908) rose by 4.06% to HKD 23.58; CMS (06099) rose by 3.7% to HKD 16.8; Dongfang Securities (03958) rose by 3.75% to HKD 8.03; and China Galaxy (06881) rose by 3.73% to HKD 12.24.
On the news front, the third-quarter reports of brokerages are being disclosed one after another. CITIC Securities achieved an operating income of CNY 22.78 billion in the third quarter, a year-on-year increase of 55.7% and a quarter-on-quarter increase of 49.1%. The net profit attributable to shareholders was CNY 9.44 billion, a year-on-year increase of 51.5% and a quarter-on-quarter increase of 31.6%. Dongfang Caifu achieved a total operating income of CNY 4.7 billion in the third quarter, a year-on-year increase of 101%, with a net profit attributable to shareholders of CNY 3.5 billion, a year-on-year increase of 78%. In addition, the 2025 Financial Street Forum Annual Conference will be held from October 27 to 30 in Beijing's Financial Street, with the Governor of the People's Bank of China, Pan Gongsheng, the Director of the Financial Supervision and Administration Bureau, Li Yunze, and the Chairman of the China Securities Regulatory Commission, Wu Qing, attending the conference and delivering keynote speeches.
AVIC Securities pointed out that with the expansion of the capital market and the increase in trading activity, the brokerage sector is ushering in an important strategic allocation opportunity. Currently, the market value of A-shares has surpassed CNY 100 trillion, opening up broad long-term growth space for various business lines of brokerages. The market trading activity has significantly improved, with the average daily trading volume in the first three quarters showing a substantial year-on-year increase, coupled with the continuous rise in margin financing and securities lending balances reaching new highs, which together reinforce the performance certainty of the brokerage sector. The momentum of market activity is expected to continue, providing solid support for the sustained growth of brokerage performance. Looking ahead to the whole year, the capital market is expected to maintain a steady upward trend, and the sustainability of performance growth is expected to strengthen, with the sector having potential for valuation recovery

601995

03908

600030

06030

300059

600999

06099

Chinese brokerage stocks rose collectively, with CICC up 4.06% to HKD 23.58, and CMS up 3.7% to HKD 16.8. The brokerage third-quarter reports show that CITIC Securities' operating income was CNY 22.78 billion, a year-on-year increase of 55.7%; EASTMONEY's total operating income was CNY 4.7 billion, a year-on-year increase of 101%. With increased market activity, the brokerage sector is facing strategic allocation opportunities, and it is expected that the capital market will maintain a steady upward trend throughout the year, enhancing the sustainability of performance growth

Zhitong

CICC

CITIC Securities Co., Ltd.

CITIC SEC

EASTMONEY

CMSC

Understanding the Market | Chinese brokerage stocks collectively rise, CICC up over 4%, CMS up over 3%