Lates News

CITIC Securities pointed out that with the liquidity benefit brought by the interest rate cut, the brokerage sector's semi-annual growth rate is expected to continue to excel, solidifying the fundamental foundation. In an environment where a series of financial policies are being implemented to open up incremental space, the valuation of brokerage sector is expected to continue to stabilize and rise. Currently, the valuation of the securities industry has fallen to a reasonable level, and is expected to continue to demonstrate its resilience with the support of fundamentals, policies, liquidity benefits, and industry consolidation and restructuring themes. It is recommended to focus on securities companies that are expected to achieve high growth in the mid-year report, whose valuation is still at a low point, and which are expected to benefit in the long term from the continuous implementation of regulatory policies.