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Guolian Minsheng (601456.SH): Approved for Market-Making Trading Business in Listed Securities
Guolian Minsheng (601456.SH) announced that the company recently received the China Securities Regulatory Commission’s (CSRC) "Approval on Granting Guolian Minsheng Securities Co., Ltd. Qualification for Market-Making Transactions in Listed Securities." The CSRC has approved the company’s qualification to conduct market-making transactions in listed securities, limited to listed funds, listed bonds, and stocks listed on the Beijing Stock Exchange.
Zhitong HK Stock Connect Holdings Analysis | June 1
Stock Connect Holdings Analysis | May 29, 2026
IPO activity heats up! Total funds raised doubled year-on-year, with Zhejiang, Jiangsu, and Shenzhen ranking top three in fundraising.
① A total of 62 companies were listed, raising RMB 58.16 billion in proceeds, representing year-over-year increases of 44.19% and 107.94%, respectively; ② The top five underwriters by number of listings were Guotai Haitong, CICC, CITIC Securities, Dongwu Securities, and Guojin Securities; ③ There are currently 295 companies under review, an increase of 113 compared to the same period last year, or a 62.09% rise.
Zhitong HK Stock Connect Holdings Analysis | May 29
Stock Connect Holdings Analysis | May 28, 2026
Hong Kong Market Movement | China-based broker stocks under collective pressure; CSC Financial Co., Ltd. (06066.HK) down over 5%, Guolian Minsheng Securities (01456.HK) down over 4%
Shares of Chinese-funded securities firms came under collective pressure. As of the time of writing, CSC Financial Co., Ltd. (06066.HK) fell 5.78% to HK$10.93, and Guolian Minsheng Securities (01456.HK) dropped 4.56% to HK$3.98.
E Fund has significantly reduced its holdings in multiple H-shares of securities firms—what lies behind this move?
① E Fund recently reduced its holdings in seven Hong Kong-listed securities firms’ H-shares on the same day, amounting to approximately HK$157 million; ② this divestment appears more consistent with passive rebalancing following subscriptions and redemptions of the Hong Kong Securities ETF; ③ frequent equity-related position changes this year reflect how ETF fund flows transmit through to underlying holdings.