Guangfa Securities (1776.HK) surged nearly 9% during regular trading to HK$18.36, with turnover exceeding HK$371 million.

The rally followed positive policy signals from the Lujiazui Forum. Western Securities highlighted strengthened investment and financing reforms enhancing capital market services for new productive forces, noting expansions in active ETFs and REITs would benefit wealth management and asset management businesses. Kyowon Securities said second-quarter market trading remained active with significant IPO growth, projecting strong broker mid-year performance.

Broader financial stocks rallied, with CITIC Securities up over 8% and CICC advancing more than 6%. Guangfa Securities A-shares also hit the daily limit.