Changes in Hong Kong stocks | Chinese brokerage stocks boosted in the afternoon, and brokers carried out intensive cancellation repurchases to increase earnings per share and return on net assets

The Zhitong Finance App learned that Chinese brokerage stocks rose in the afternoon. As of press release, China Galaxy (06881) rose 2.89% to HK$7.12; Everbright Securities (06178) rose 2.60% to HK$6.9; the League of Nations People's Livelihood (01456) rose 2.44% to HK$3.575; and Shen Wan Hongyuan (06806) rose 1.94% to HK$2.37.

According to the news, according to a report by the Financial Federation, on October 8, Zhongtai Securities, Hongta Securities, and Huachuang Yunxin disclosed the progress of the repurchase. The repurchase payments were 24.1784 million yuan, 7.0673 million yuan, and 81.5576 million yuan, respectively. Previously, the League of Nations Minsheng and Huaan Securities had completed share repurchases of 100 million yuan and 200 million yuan respectively. The total cost of these repurchases was 339 million yuan. Cancellation repurchases are becoming a new trend in the industry.

CITIC Construction Investment pointed out that since the second half of 2026, many listed brokerage firms have intensively launched or promoted share repurchases. The direct driver at the surface is a mismatch between high performance growth and low valuation. The root cause is the double resonance between the system and interests. Cancellation repurchases permanently reduce total share capital, increase earnings per share and return on net assets, and have no subsequent selling pressure on treasury stocks, driving brokers' market value management to shift from short-term stability to long-term shareholder returns, and optimizing the shareholder return system in the long term.