HK Stock Market Move | Chinese-funded securities firms stocks are active. CMSC (06099) and CICC (03908) both rose more than 5%.

Chinese-funded securities firms have performed actively. As of the time of writing, CMSC (06099) rose by 5.66% to HKD 16.8; CICC (03908) rose by 5.1% to HKD 20.62; CITIC SEC (06030) rose by 3.59% to HKD 27.12; China Securities Co., Ltd. (06066) rose by 2.54% to HKD 12.13. On the news front, on June 12th, Changxin Technology's Sci-Tech innovation board IPO registration became effective, with an intended fundraising of 29.5 billion RMB. This marks the official entry of this China's largest scale and most technologically advanced DRAM R&D and manufacturing integrated enterprise into a new stage of the capital market. Statistics show that CMSC, Huaan, China Securities Co., Ltd., and other top securities firms have all participated in investing in Changxin Technology. It is worth mentioning that the Shanghai Lujiazui Finance & Trade Zone Development Forum 2026 will be held on June 17th to 18th, featuring a series of major project signing and policy release activities. Shenwan Hongyuan Group believes that the operating prosperity of the securities sector continues to improve, with high growth expectations for the industry in the second quarter (some targets are expected to further increase profitability), policy catalysts landing, and capital factors trending to diminish. At the same time, the sector may see potential catalysts in various business lines such as technology, wealth management, and overseas operations, potentially leading to both performance and valuation increases in the second half of the year. Opensource Securities also indicated that the expansion of IPOs in the second quarter is accelerating, benefiting the full chain of securities investment banking, and second-quarter performance is expected to continue to be high. Concerns about capital and refinancing are being relieved.