Four securities firms appear on Changxin's shareholder list, with hundreds of billions in unrealized gains reshuffling rankings—equivalent to creating one and a half 'China Merchants Securities'.

① According to Changxin Technology's prospectus, four securities firms—China Merchants Securities, Huaan Securities, CITIC Securities, and CICC—hold indirect stakes in the company. ② Based on Changxin Technology’s estimated valuation of RMB 3 trillion, China Merchants Securities stands to realize an unrealized gain of nearly RMB 20 billion, while Huaan Securities exceeds RMB 10 billion, significantly boosting both firms’ net profits. ③ The earnings contribution from this equity investment is expected to propel China Merchants Securities into the top three among securities firms by profitability and help Huaan Securities break into the industry’s top ten.

cls.cnMay 21 09:55

The A-share market saw widespread gains in brokerage stocks, with Dongxing Securities leading the sector by rising over 5%.

Gelonghui, May 19 | Brokerage stocks in the A-share market generally rose. Among them, Dongxing Securities led the sector with a rise of over 5%, Orient Securities increased by more than 4%, China Merchants Securities and Cinda Securities rose over 2%, while CICC, Huachuang Yunxin, China Galaxy, Huatai Securities, Southwest Securities, Caitong Securities, Guohai Securities, Guojin Securities, and Western Securities all gained over 1%. In terms of news, last night, CICC released a series of announcements detailing the share swap absorption merger with Dongxing Securities and Cinda Securities. According to the draft of the share swap absorption merger, the share swap price for CICC's A-shares is 36.68 yuan per share, while the share swap prices for Dongxing Securities and Cinda Securities’ A-shares are respectively

Gelonghui FinanceMay 19 14:14

20 Mid-Year Strategy Conferences Debate the Second Half of 2026: Is the AI Sector a Bubble or a New Turning Point?

①Currently, 20 securities firms have confirmed the schedule for their mid-year strategy meetings, including those recently held by TF Securities and China International Capital Corporation (CICC); ②Huang Wentao, administrative head of CICC's Research and Development Department, stated that investing in the strategic trend of 'the East rising while the West declines' is the best strategy for this era; ③The mid-year strategy meetings remain highly popular, with over 2,000 participants at CICC’s event, more than 1,100 at TF Securities’, and each session of CITIC’s conferences historically exceeding 4,000 attendees.

cls.cnMay 13 10:38

Has the 'wave of pay cuts' temporarily receded? Average compensation for nine out of ten listed securities firms has rebounded, with management at Guolian Minsheng, Western Securities, and others receiving salary increases.

In 2025, eight listed securities firms reported net profits exceeding 10 billion yuan, and 46 firms achieved year-on-year growth in net profits. The improvement in operating conditions has laid the foundation for a recovery in compensation.

lanjinger.comMay 8 20:46

Southwest Securities: First Quarter Report of Southwest Securities Co., Ltd. for 2026

SZSIApr 29 00:00 · Announcements

First Quarter Report of Southwest Securities Co., Ltd. for 2026

SZSIApr 29 00:00 · Announcements