Changes in Hong Kong stocks | Chinese brokerage stocks rebounded in early trading, SFISF tools officially launched, and the industry's three-quarter report is expected to improve significantly

The Zhitong Finance App learned that Chinese brokerage stocks rebounded in early trading. As of press release, Hongye Futures (03678) rose 3.02% to HK$3.07; Huatai Securities (03958) rose 1.7% to HK$11.98; League of Nations Securities (01456) rose 1.48% to HK$4.11; and Everbright Securities (06178) rose 1.15% to HK$7.06.

According to the news, according to the announcement issued by the central bank on October 10, the “Securities, Fund, and Insurance Company Exchange Facility (SFISF for short)” will now be established, and declarations from eligible securities, funds, and insurance companies will be accepted. CITIC Securities and CICC have reported the relevant plans. The reporting amount of CITIC Securities is about 10 billion dollars. It is worth noting that among securities companies, only CITIC Securities and CICC have obtained first-class dealer status in the central bank's open market business.

Guotai Junan pointed out that the adjusted operating income of 43 listed brokerage firms is expected to drop 5.91% year on year to 30.229 billion yuan in the first three quarters of 2024, and net profit to mother will drop 4.16% year on year to 105.396 billion yuan. Among them, the results for the third quarter of 2024 improved significantly against the backdrop of a low base and a boost in the stock market. The adjusted revenue for a single quarter is expected to be 109.343 billion yuan, up 22.06% year on year and 7.76% month on month; net profit to mother was 41,435 billion yuan, up 47.71% year on year, up 19.72% month on month.