HK Stock Market Move | Chinese-funded securities firms collectively rise, with CITIC SEC (06030) up over 6%. Institutions point out that the performance of the securities sector for the whole year exceeds expectations and is worth looking forward to.

Chinese-funded securities firms collectively rose, as of the time of publication, CITIC SEC (06030) rose 6.31% to HK$26.62; GF SEC (01776) rose 6.14% to HK$16.08; China Galaxy (06881) rose 4.65% to HK$9.45; CICC (03908) rose 4.74% to HK$19.02. China Securities Co., Ltd. released a research report stating that the triple marginal improvement is positive, and the performance of the securities sector in 2026 may exceed expectations. The trend of a significant increase in trading activity in the first half of the year compared to the same period last year has been established, with the full-year growth potentially exceeding expectations; the impressive new account opening data at the beginning of the year indicates that there is potential for inflow of funds from individual investors; the scale of bond financing by securities firms has significantly expanded, which is expected to drive leverage increase and break through the industry's high point in ROE. Shenwan Hongyuan Group stated that 2026 is the year of the beginning of the "14th Five-Year Plan", and securities firms, as the core intermediaries of the capital market, are expected to benefit from the triple driving forces of policy, funds, and market trading in 2026. In the first half of the year, attention should be paid to the disclosure of first quarter 2026 performance and the stimulating effect of policy reforms on the sector.