Hong Kong stock banks and brokerage stocks rose sharply. Institutions say banks benefited the most from Hong Kong Stock Connect's dividend tax relief

Glonghui, May 10 | The news that the Hong Kong Stock Connect dividend tax will be reduced will stimulate the collective strength of banks and brokerage stocks in the Hong Kong stock market. Among bank stocks, Postbank rose more than 7%, Agricultural Bank and China Construction Bank rose more than 6%, Bank of Communications rose 5%, and China CITIC Bank, Minsheng Bank, Industrial and Commercial Bank, Bank of Qingdao, Bank of Chongqing, Bohai Bank, and China Merchants Bank rose more than 4%. Among brokerage stocks, China Galaxy and CITIC Securities rose more than 4%, while CICC, Cathay Pacific Junan, CITIC Construction Investment Securities, Haitong Securities, China Merchants Securities, and GF Securities rose more than 3%. Bloomberg quoted people familiar with the matter yesterday as saying that China is considering exempting individual mainland investors through Hong Kong Stock Exchange

Gelonghui FinanceMay 10 14:40

Changes in Hong Kong stocks | Chinese brokerage stocks rose in the afternoon, and brokerage performance in the second half of the year is expected to gradually improve, and mergers, acquisitions and restructuring are still the main line of the industry du

Chinese brokerage stocks rose in the afternoon. As of press release, CITIC Securities (06030) rose 4.65% to HK$13.06; CICC (03908) rose 4.03% to HK$10.32; China Galaxy (06881) rose 4.02% to HK$4.4; and CITIC Construction Investment Securities (06066) rose 3.83% to HK$6.5.

Zhitong FinanceMay 10 13:39

Express News | CITIC Securities: The performance pressure of the securities industry is fully released, and development space is explored around functional positioning

BreakingsMay 10 08:34

A quick look at the Hong Kong market | Most of Kewang stocks and domestic housing stocks declined. Xiaomi reversed the market and rose more than 6%, and Vanke fell nearly 7%

Most auto stocks declined; Xiaopeng fell more than 6%, ideally nearly 5%; coal stocks improved, China Coal Energy rose nearly 5%, and Yankuang Energy rose more than 4%; large financial stocks weakened, and CICC Securities, and Ping An of China fell about 4%.

Futu NewsMay 8 16:24

Express News | Galaxy Securities: May Day travel consumption is growing steadily and is expected to improve month-on-month during the summer

BreakingsMay 8 08:51

China Galaxy (601881): Self-employed investment is under pressure, and the rate of table expansion is picking up

The incident describes the release of China Galaxy's 2024 quarterly report. During the reporting period, it achieved operating income of 7.21 billion yuan, -17.1% year-on-year, and realized net profit to mother of 1.63 billion yuan, -27.5% year-on-year, weighted average return on net assets

長江證券May 6 19:46