Lates News

According to the AI Quick News, Minsheng Securities released a research report on May 1st, giving a recommendation rating to CITIC Securities (600030.SH). The reasons for the rating mainly include: 1) From the perspective of revenue structure, fee-based businesses have seen a high year-on-year growth, fund-based businesses have shown differentiated performance, single season operating income rebounded on a quarter-on-quarter basis and turned year-on-year growth, but interest net income turned negative; 2) In terms of proprietary business, financial investment increased by 7.1% on a quarter-on-quarter basis, the proprietary income rate rebounded to 3.8% on a quarter-on-quarter basis, outperforming the Shanghai and Shenzhen 300 and the China Securities Comprehensive Bond Index; 3) In terms of brokerage business, the net income of brokerage business grew by 36.2% year-on-year, and the growth rate of securities purchase on behalf of clients maintained at 30%. (Daily Economic News)