Hong Kong stocks concept tracking | Clear hard indicators for medium and long-term funds entering the market, Chinese securities firms sector benefits from the warming equity market (with concept stocks)

The official release of the "Implementation Plan for Promoting the Entry of Medium and Long-Term Funds into the Market" aims to guide insurance funds, social security funds, pension funds, and annuities into the market through medium and long-term assessments. Chairman of the China Securities Regulatory Commission, Wu Qing, stated at a press conference on January 23 that the "Implementation Plan for Promoting the Entry of Medium and Long-Term Funds into the Market" specifies that the public fund holding of A-share market value should increase by at least 10% annually over the next three years. For commercial insurance funds, it is striving for large state-owned insurance companies to invest 30% of the new premiums in A shares starting from 2025. Sun Jinju, Vice President of Kaiyuan Securities and Director of the Research Institute, stated that the comprehensive deepening reform of the capital market in 2025 will further push forward, especially in deepening the comprehensive reform of capital market investment and financing, breaking through the bottlenecks and obstacles of medium and long-term fund entry, and enhancing the inclusiveness and adaptability of the capital market system. The deepening of the comprehensive reform of investment and financing as a driving force will further break through the bottlenecks and obstacles of medium and long-term fund entry, help attract more incremental funds, and it is crucial to improve market liquidity, enhance market stability, and promote the function of the capital market. Sinolink believes that the implementation of the long-term fund entry plan is beneficial for the long-term stable development of the capital market, as positive policies, loose liquidity, and improved fundamentals catalyze the valuation and performance of securities firms. Sinolink suggests focusing on securities firms that will benefit more from the return of fundamentals-driven equity markets, as well as securities firms with advantages in the issuance and management of equity asset management products. Chinese securities firms and related companies include: China Securities Co., Ltd. (06066), Guolian (01456), EB SECURITIES (06178), China Galaxy (06881), Shenwan Hongyuan Group (06806), Haitong (06837), Guotai Junan (02611), CICC (03908), CITIC SEC (06030), Huatai (06886), CMSC (06099), CC SECURITIES (01375), among others.