BlackRock buys shares of CICC Hong Kong. Analysts say the sustainability of the rise in the securities sector may be stronger this time.

The disclosure on the Hong Kong Stock Exchange on July 29th showed that BlackRock bought 1.2624 million shares of CICC's Hong Kong stocks on July 22nd, costing 25.5245 million Hong Kong dollars. The disclosure also showed that BlackRock had already bought CICC's Hong Kong stocks in June and had conducted multiple buy-sell operations afterwards. According to Ge Yuxiang, an analyst from Zhongtai Securities, in this round of brokerage industry trend, there is a significant shrinkage in the AH price difference. He believes that incremental funds continue to enter the market as investors gradually shift from trading strategies to holding strategies, and although the rate of increase in the brokerage sector has slowed down, the sustainability may be stronger. Currently, many non-bank analysts remain optimistic about the future trend of the brokerage sector.