Chinese brokerage stocks warmed up in the morning session, and the merger and reorganization of brokerages may accelerate. Institutions say that the 2024 performance forecasts of brokerages may become a catalyst for the sector
Chinese-funded brokerage stocks warmed up in the morning, with CMS rising 4.07% and Guolian Sec rising 3.69%. The merger and reorganization of Guotai Junan and Haitong Securities has been approved, and Guolian Sec plans to be renamed Guolian Minsheng Securities. AVIC Securities believes that the integration of brokerages will accelerate, and it is expected that the number of new accounts opened in 2024 will increase. Kaiyuan Securities pointed out that traditional brokerages have low valuations, and the performance forecast for 2024 may become a catalyst for the sector$CMS(600999.SH) $CMSC(06099.HK) $Guolian Minsheng Sec(601456.SH)