Citic Securities: The securities sector is currently in a window of resonance of "high performance growth, low valuation, and accelerated industry trends."

A report from CITIC Securities Research stated that the securities sector is currently in a window of resonance with "high performance growth, low valuation, and accelerating industry trends". On the performance side, the high growth in interim reports and the realization of investment banking projects constitute continuous validation; on the industry side, the concentration of large wealth business, the empowerment of science and technology investment banking, and the accelerated expansion of international business solidify the medium- to long-term centripetal force; on the valuation side, the historically low PB ratio implies a safety margin. Against the backdrop of increasing crowdedness in the technology sector trading and high-to-low rotation of funds, the risk-return ratio of the securities sector still remains attractive.