HK Stock Market Move | Chinese securities firms' stocks collectively rise, and policies on long-term capital entering the market may accelerate and be implemented. Several securities firms have released positive financial results.

Chinese-funded securities firms collectively rose in the morning session, as of the time of writing, CMSC (06099) rose 6.1% to HK$15.66; CITIC SEC (06030) rose 4.67% to HK$22.4; CICC (03908) rose 4.52% to HK$13.88; Shenwan Hongyuan Group (06806) rose 4.04% to HK$2.32. On the news front, before the holiday, financial regulatory agencies such as the CSRC and CBIRC introduced a series of new policies to promote the entry of medium to long-term funds into the market, and before the holiday, there was an unexpected landing of the second batch of three insurance companies' insurance funds for long-term stock investments. In addition, according to Wind data, as of February 5, 21 A-share listed securities firms have released performance forecasts for 2024. Among them, 18 securities firms have reported an increase in net profit attributable to the parent company, accounting for 85.71%. CMSC stated that policy-driven multiple funds rushing into the market, a clear policy attitude, and effective incremental flow of funds are expected to promote a positive cycle of "index rise - profitability improvement - fund inflow" in the equity market, potentially bringing strong catalysts to the securities sector. Guotai Junan Securities believes that based on the current regulatory trends, policies to continue promoting medium to long-term funds into the market are expected to accelerate and be implemented, and is optimistic about the securities sector benefiting from the entry of medium to long-term funds into the market.