HK Stock Market Move | Chinese securities stocks rise against the market, with CMSC (06099) up nearly 5% and Orient (03958) up over 3%.

Chinese-funded securities firms' stocks rose against the market trend. As of the time of the report, CMSC (06099) rose by 4.81% to HK$14.16; Orient (03958) rose by 2.62% to HK$7.06; Shenwan Hongyuan Group (06806) rose by 2.29% to HK$3.13; China Securities Co., Ltd. (06066) rose by 1.51% to HK$12.76. In terms of news, Changjiang and Soochow recently announced an increase in the scale limit of margin trading. According to incomplete statistics, at least 9 securities firms publicly adjusted their margin trading business since 2025, including raising the scale limit of the business and adjusting the credit management methods. Soochow pointed out that this adjustment is mainly to alleviate the pressure of credit shortage caused by the growth of margin trading business since the beginning of this year, and to provide guarantee for the smooth development of new account opening business in the future. Open Source Securities released a research report stating that the recent positive stance of the China Securities Regulatory Commission has clear signal significance. The industry is expected to enter a "period of policy relaxation" after undergoing strict regulatory reshaping, and policies such as raising the leverage limit are expected to directly assist the industry in achieving new breakthroughs in ROE. Investment banking, mutual funds, and other businesses are expected to take over traditional businesses, supporting the profitability of the securities industry. The Fed's interest rate cuts directly benefit the international business profitability of securities firms. Currently, the valuation of the securities sector is still at a low level, and continued optimism is held for strategic layout opportunities.