HK Stock Market Move | JF SMARTINVEST (09636) rose by more than 12% again; institutions pointed out that its outstanding online customer acquisition capabilities will benefit securities firms or platforms more in this round of market trends.

JF SMARTINVEST (09636) has risen by over 12%, with a cumulative increase of over 370% since September 26th. As of the time of writing, it has increased by 10.08%, reaching 27.3 Hong Kong dollars, with a trading volume of 1.58 billion Hong Kong dollars. On the news front, the Shanghai Stock Exchange disclosed on November 5th after hours that the number of new A-share accounts opened in September and October 2024 was 1.83 million and 6.85 million respectively, an increase of 83% and 275% month-on-month, and an increase of 37% and 484% year-on-year. Open Source Securities pointed out that the number of new accounts opened in October exceeded expectations, with activity approaching the levels of the second quarter of 2015, and the timing of the disclosure also exceeded expectations. With individual investors driving the bull market, it is expected that stock market trading volume and brokerage business may surpass historical assumptions in the coming years, and performance may exceed expectations. The increase in incremental investors driven by this round of market rally is mainly online, and the divergence in account opening situations among various brokers has increased, with online customer acquisition capabilities benefiting more. Sinolink pointed out that JF SMARTINVEST is a leading domestic online investment decision-making solution provider, offering online investment advisory services and financial market information services. The company's subsidiary, jiuzhang Securities, provides services such as stock diagnosis, stock selection, consulting, investment education, and customer services. The company has also developed "jiuge" smart investment advisor DIGIHUMAN, which served approximately 257,000 customers in the first half of 2024, with a total of 15.83 million services provided. They have also launched services such as consultation reading assistants, smart labels, and personalized recommendations. In 2024, the company launched a learning machine product that uses AI capabilities to provide functions such as "smart investment advisor", "AI mind map", and "AI notes" to help investors improve learning efficiency.