On November 9, Wanlian Securities released a research report saying that recently, warm weather has been blowing frequently on the policy side. Stock repurchases and reloans have been established as long-term institutional arrangements and interest rates have been reduced to 1%. Facilitating swap operations have also entered the path of normalization and expansion. While stabilizing market expectations with liquidity, it also provides a low-cost funding source for brokers' own business and opens up more space for capital scheduling under the same capital constraints. Wanlian Securities believes that the market stabilization policy will support the fundamental prosperity and performance of brokerage firms. Currently, sector valuations are at the bottom, and there is a high margin of safety and probability of recovery. It is recommended to focus on leading brokerage firms, investment banks, and small and medium-sized brokerage firms with steady performance in the equity investment business.

On November 9, Wanlian Securities released a research report saying that recently, warm weather has been blowing frequently on the policy side. Stock repurchases and reloans have been established as long-term institutional arrangements and interest rates have been reduced to 1%. Facilitating swap operations have also entered the path of normalization and expansion. While stabilizing market expectations with liquidity, it also provides a low-cost funding source for brokers' own business and opens up more space for capital scheduling under the same capital constraints. Wanlian Securities believes that the market stabilization policy will support the fundamental prosperity and performance of brokerage firms. Currently, sector valuations are at the bottom, and there is a high margin of safety and probability of recovery. It is recommended to focus on leading brokerage firms, investment banks, and small and medium-sized brokerage firms with steady performance in the equity investment business.