HTSC (06886) News

Huatai Securities: State Grid's 4 trillion yuan investment benefits grid equipment suppliers.

Gelonghui January 17 | A research report by Huatai Securities stated that the State Grid's RMB 4 trillion investment is beneficial to power grid equipment suppliers. According to the State Grid Corporation, during the '15th Five-Year Plan' period, the company's fixed asset investment is expected to reach RMB 4 trillion, representing a 40% increase compared to the '14th Five-Year Plan' investment. Additionally, on December 31, 2025, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly issued the 'Guidance on Promoting High-Quality Development of the Power Grid,' clarifying the need for moderate forward-looking investment in grid infrastructure. Huatai Securities anticipates steady growth in grid investment during the '15th Five-Year Plan' period under the accelerated advancement of a unified national electricity market, alongside the construction of inter-provincial transmission corridors and western region...

Gelonghui Finance12:41

Huatai Securities' Indirectly Owned Subsidiary Gets 970 Million Yuan in Guarantees for Issuance of Medium-Term Bonds

MT NewswiresJan 16 14:34

HK Stock Concept Tracker | Daily turnover in Shanghai and Shenzhen markets approaches 4 trillion yuan; institutions favor the allocation opportunities for Chinese brokerages (with concept stocks).

On January 14, the single-day trading volume of the Shanghai and Shenzhen stock markets exceeded 3.9 trillion yuan.

Zhitong FinanceJan 16 08:44

Huatai Securities: Short-term growth in margin financing may slow down; it is recommended to focus on investment opportunities with leading brokers that have stronger capital strength and risk control capabilities.

Gelonghui January 16 | Huatai Securities pointed out that on January 14, the Shanghai, Shenzhen, and Beijing Stock Exchanges raised the minimum margin requirement for margin trading from 80% to 100%. This adjustment clearly reflects the regulatory authority's countercyclical policy orientation. Margin financing is currently one of the key sources of incremental funds in the market. Since the beginning of the year, the balance of margin loans and the proportion of margin trading have continued to rise. By raising the threshold, the adjustment aims to guide the market to moderately deleverage. Compared with a similar adjustment in 2015, it is believed that this adjustment will help stabilize short-term volatility and investor expectations, steering the market toward a healthier and more sustainable medium- to long-term trend. For the securities industry, in the short term...

Gelonghui FinanceJan 16 07:52

Huatai Securities Affiliate Issues $95 Million in Notes

MT NewswiresJan 15 15:59

Open Source Securities: The adjustment of the upper limit of margin financing leverage will have a limited impact on securities firms, and the sector's outlook remains positive.

Based on 2025 data, the net interest income from securities firms' margin trading business accounts for approximately 10% of their total revenue.

Zhitong FinanceJan 15 10:44

Express News | Huatai Securities: Surprisingly innovative drug BD drives resonance in the pharmaceuticals sector.

BreakingsJan 15 08:22

Amid record highs in margin financing balances, some brokerages are facing shortages in their margin lending quotas.

Reporters from China Securities Journal have learned exclusively that some large and medium-sized securities firms have already exhausted their margin trading and short selling funds. Despite multiple securities firms having raised the ceiling for margin trading last year, the current market sentiment is high and the willingness to finance has reached unprecedented levels. More than one securities firm no longer has sufficient margin trading quotas, and they may also intentionally slow down liquidity releases as a measure to control risks.

China SecuritiesJan 15 07:26

The Shanghai, Shenzhen, and Beijing Stock Exchanges have raised the margin requirement for financing to 100%.

Following approval by the China Securities Regulatory Commission (CSRC), the Shanghai, Shenzhen, and Beijing Stock Exchanges issued notices adjusting the margin requirements for financing. The minimum margin requirement for investors engaging in margin trading will be increased from 80% to 100%. In August 2023, these exchanges had lowered the margin requirement from 100% to 80%, leading to a steady rise in both margin trading volumes and transaction values. Recently, margin trading activities have become significantly more active, with relatively ample market liquidity. According to statutory countercyclical adjustment arrangements, moderately raising the margin requirement back to 100% will help appropriately reduce leverage levels, effectively protect the legitimate rights and interests of investors, and promote the long-term stable and healthy development of the market. According to the Shenzhen Stock Exchange.

AASTOCKSJan 14 12:50

Huatai Securities: Domestic commercial REITs have broad development potential

Gelonghui January 14 | Huatai Securities believes that the introduction of new REIT policies by the end of 2025 signifies that C-REITs are poised to enter a phase of scaled development. Based on the experiences of the United States and Japan, domestic commercial REITs have vast growth potential. For enterprises related to commercial real estate, mature operators have already achieved scale, and the vigorous promotion of REITs is expected to further catalyze industry consolidation, alleviate constraints posed by high asset immobilization, enhance asset liquidity, and potentially increase the variance in management premiums, thereby further driving the revaluation of high-quality assets and associated enterprises. Recommended are commercial real estate operators with years of deep engagement in the sector.

Gelonghui FinanceJan 14 07:58

Express News | Huatai Securities: Continued optimism regarding the revaluation opportunities of Hong Kong-based real estate enterprises with significant exposure to the Hong Kong market.

BreakingsJan 14 07:55

Major Moves: BofA Securities’ Investment Ratings and Target Prices for Chinese Broker H Shares (Table)

BofA Securities issued a report providing investment ratings and target prices for the H-shares of Chinese brokerages under its coverage, as follows: Stock | Investment Rating | Target Price (HKD) CITIC Securities (06030.HK) | Buy | 35.7 yuan Guotai Junan International (02611.HK) | Buy | Raised to 21.4 yuan Huatai Securities (06886.HK) | Neutral | 22.1 yuan GF Securities (01776.HK) | Buy | 22.9 yuan China Merchants Securities (06099.HK) | Underperform | 15.3 yuan China Galaxy Securities (06881.HK) | Buy → Neutral | Lowered to 12.1 yuan CICC (

AASTOCKSJan 13 13:15

Express News | Jiangsu Huatai Guojin Science and Innovation Growth Equity Investment Fund (Limited Partnership) established with a capital contribution of 5.055 billion yuan.

BreakingsJan 13 11:00

Zhitonggang's Stock Connect Shareholding Analysis | January 13

Analysis of Stock Connect Holdings | January 12, 2026

Zhitong FinanceJan 13 08:30

Express News | Huatai Securities: Reduction in Export VAT Rebate for Batteries, Favor Companies with Overseas Production Capacity Layout

BreakingsJan 13 08:05

Daily Summary of Investment Bank/Institution Views (2026-01-12)

Mini Program: Daily Investment Bank/Institutional Viewpoints Summary - International 1. Goldman Sachs: The Fed is very likely to remain on hold in January, but will cut rates twice during the remainder of 2026. Lindsay Rossner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, commented on the U.S. non-farm payroll data: Farewell, January! The Fed is currently very likely to maintain the status quo as the labor market has shown initial signs of stabilization. The improvement in the unemployment rate indicates that the significant rise in November was merely due to individual employees leaving early because of a 'deferred departure' policy and data distortions, rather than a sign of systemic weakness. We expect the Fed to keep its policy unchanged for now.

Golden10 DataJan 12 16:11

Morgan Stanley has released a ranked list of its preferred H-share Chinese brokerages (table).

Morgan Stanley published its outlook report for the China-based financial industry this year, listing the order of preference for H shares of Chinese brokerages. The degree of "preference" is ranked as follows: Stock │ Investment Rating │ Target Price CICC (03908.HK) │ Overweight │ HKD 28.9 CITIC Securities (06030.HK) │ In-Line with Market │ HKD 31.4 GF Securities (01776.HK) │ In-Line with Market │ HKD 18.4 Huatai Securities (06886.HK) │ In-Line with Market │ HKD 20.1 China Galaxy Securities (06881.HK) │ In-Line with Market │ HKD 10.1 China Merchants Securities (0609

AASTOCKSJan 12 12:31

Huatai Securities' Subsidiary Issues $15 Million in Bonds

MT NewswiresJan 12 11:52

Kaiyuan Securities: Focus on the earnings forecast of the non-banking financial sector; disruptions on the funding side will not alter the medium-term logic of the sector.

Securities firms and insurance companies are expected to see significant profit growth in 2025, with attention on January's earnings forecast and policy-driven event catalysts.

Zhitong FinanceJan 12 09:20

Huatai Securities: There may still be room for the spring rally; it is recommended to seek high cost-performance directions based on fundamental expectations.

Huatai Securities noted that under the strong momentum effect, there may still be room for a spring rally. However, judging from the standard deviation of industry gains and losses, the proportion of trading volume, and the movements of leveraged funds and ETFs, the trading structure is relatively concentrated. Some hot sectors may need to digest crowding pressure, and the probability of market rotation is gradually increasing. With the earnings forecast window approaching, it is recommended to combine fundamental expectations to seek high cost-performance directions, focusing on export-driven sectors showing improvement in prosperity as well as themes with subsequent catalysts and relatively low crowding. Specifically, at the industry level, it is suggested to pay attention to gaming, duty-free, batteries, construction machinery, and agrochemicals. The medium-term allocation strategy remains unchanged, and upstream resources in the power chain should be considered on dips.

Gelonghui FinanceJan 12 07:57