HK Stock Market Move | Chinese brokerage stocks collectively rose. The brokerage industry saw significant performance growth in the first half of the year. New real estate policies will open up additional business opportunities for brokerages.

Chinese-funded brokerage stocks are collectively rising. As of the time of writing, GF SEC (01776) is up 4.75% at HKD 19.20; CITIC SEC (06030) is up 3.58% at HKD 27.74; CICC (03908) is up 3.48% at HKD 22.02; CMSC (06099) is up 3.37% at HKD 15.97. In terms of news, data shows that 50 listed brokerages or their parent companies achieved total operating income of RMB 389.5 billion in the first half of 2026, a year-on-year increase of 45%, and a total net profit attributable to shareholders of RMB 167.2 billion, up 49% year-on-year. In the second quarter, the 50 listed brokerages achieved a total net profit attributable to shareholders of RMB 101.6 billion, up 79% year-on-year and 55% quarter-on-quarter. It is noteworthy that the China Securities Regulatory Commission recently issued the "Opinions on Supporting the Construction of a New Model for Real Estate Development in the Capital Market." Zhongyou Securities stated that the "Opinions" will open new business growth opportunities for brokerages, and real estate-related investment banking businesses may usher in a certain scale expansion, with related business revenue expected to achieve significant year-on-year growth. The full-chain revenue boundary for real estate investment trusts may be broadened, potentially providing long-term sustainable revenue growth for brokerages; the real estate asset management sector may offer entirely new growth in the wealth management segment. Furthermore, the "Opinions" may promote a revaluation of the brokerage sector.