Brokerages are rushing to deploy AI-driven services for their clients— which firms have already achieved significant breakthroughs?
① Since July, numerous securities firms have been actively expanding their presence in the AI skill domain, accelerating implementation based on their respective strengths; ② From a business application perspective, these initiatives can be categorized into three main segments: wealth management for retail clients (C-side), institutional investment research, and internal middle- and back-office operations.
Express News | Market Risk Alert – July 28
The number of A-share companies announcing planned share reductions yesterday increased compared to previous periods. Guokong Operation, a shareholder holding more than 5% of Caida Securities, intends to reduce its stake by no more than 2%. Tai’an Huihua, a shareholder holding over 5% of Caker Technology, plans to reduce its stake by 2%. Shenda Plastics and Shanghai International Airport will each face lock-up expirations exceeding 10% of their total shares. With supply-demand conditions becoming more relaxed, panel prices are expected to undergo a mild downward adjustment in July. Lihang Technology announced that its eligibility to secure orders from a specific customer has been restricted for six months, which is expected to reduce its 2026 revenue by approximately RMB 50 million. Ramp-up activities in Southwest China will significantly boost domestic polysilicon output in July and August. ST Hengxin and its controlling shareholder are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations. The three major U.S. equity indices closed mixed; the Philadelphia Semiconductor Index fell by over 2%, and NVIDIA dropped by approximately 5%.
Express News | Caida Securities: Shareholder Guokong Operation plans to reduce holdings by no more than 2%
Caida Securities announced that Guokong Operation, a shareholder holding more than 5% of the company's shares, intends to reduce its holdings by no more than 64.9 million A-shares of the company, equivalent to no more than 2% of the company's total share capital, through centralized bidding and block trading from August 19, 2026, to November 18, 2026, due to business development needs.
Caida Securities (600906.SH): Shareholder Guokong Operations plans to reduce its holdings by no more than 2% of the company's A-shares.
Gelonghui, July 27 — Caida Securities Co., Ltd. (SHA: 600906) announced that it recently received a letter from its shareholder, Guokong Operation, titled "Letter Regarding Assistance in Issuing a Notice on the Shareholder’s Intention to Reduce Shareholding." According to its business development needs, Guokong Operation plans to reduce its holdings of no more than 32.45 million A-shares of the company, representing no more than 1% of the company's total share capital, via centralized bidding transactions within three months starting 15 trading days after the date of this announcement, i.e., from August 19, 2026, to November 18, 2026; and similarly intends to reduce no more than 32.45 million A-shares of the company, also not exceeding 1% of the company's total share capital, via block trades during the same period.
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The sector underperformed the Shanghai Composite Index in the first half of the year.
Brokerages: Can this round of value reassessment still be resisted?
Interim earnings surge across the board
Caida Securities: Announcement of Anticipated Earnings Growth for the First Half of 2026 by Caida Securities Co., Ltd.
Express News | The Hubei Branch of the China Securities Regulatory Commission (CSRC) has imposed an administrative regulatory measure on Caida Securities Co., Ltd.'s Hubei Branch, issuing a warning letter.
The Hubei Branch of the China Securities Regulatory Commission (CSRC) has imposed an administrative regulatory measure on Caida Securities Co., Ltd.'s Hubei Branch, issuing a warning letter. An investigation revealed that the branch had committed the following violations: 1. Incomplete recordkeeping of promotional activities related to its securities investment advisory business. 2. Certain employees provided clients with securities investment recommendations without having signed a securities investment advisory service agreement. 3. Certain employees engaged in improper client solicitation practices and made misleading statements during the marketing of securities investment advisory services. The Hubei CSRC Branch decided to issue a warning letter as an administrative regulatory measure against the branch and will include this action in the integrity records of the securities and futures markets. The Hubei CSRC Branch requires the company to take this matter seriously, implement effective corrective measures, strengthen supervision over the professional conduct of its personnel, and enhance its compliance management capabilities.
Express News | Caida Securities: Net profit attributable to shareholders for the first half of 2026 is expected to increase by 90.00% to 116.00% year-on-year.
Caida Securities announced that net profit attributable to shareholders for the first half of 2026 is expected to be approximately RMB 712 million to RMB 809 million, representing an increase of approximately RMB 337 million to RMB 434 million compared to the same period last year, or a year-on-year growth of approximately 90.00% to 116.00%. Additionally, net profit attributable to shareholders for the first half of 2026, excluding non-recurring gains and losses, is expected to be approximately RMB 713 million to RMB 808 million, an increase of approximately RMB 338 million to RMB 434 million compared to the same period last year, or a year-on-year growth of approximately 90.27% to 115.87%.
Express News | The broader financial sector remained active, with Changjiang Securities hitting its daily trading limit.
The broader financial sector remained active, led by gains in securities and insurance stocks. Changjiang Securities hit its daily trading limit, followed by China Securities, Founder Securities, Caida Securities, East Money, China Life Insurance, and New China Insurance.
Express News | The securities sector continued its strong performance, with Zhongyin Securities achieving a second consecutive daily trading limit.
In early trading, the securities sector maintained its strong momentum, with Zhongyin Securities hitting its second consecutive daily trading limit, Hua'an Securities approaching its daily trading cap, and Chaida Securities, Changjiang Securities, GF Securities, Guojin Securities, among others, following with gains. On the news front, the latest data released by the Shanghai Stock Exchange shows that new A-share accounts opened in May 2026 reached 2.7653 million, up 77.76% year-on-year and 11% month-on-month, reversing the sharp decline observed in April.
A-Share Market Movement | Signs of Bottom Rebound Emerging? Brokerage Stocks Strengthen, Zhongyin Securities Hits Daily Trading Limit, GF Securities Rises Nearly 5%
Gelonghui, June 12 | Brokerage stocks in the A-share market strengthened, with Bank of China Securities surging by the 10% daily trading limit, GF Securities rising nearly 5%, and Orient Securities, Northeast Securities, Sinolink Securities, Valiant Securities, Guolian Minsheng, Xiangcai Holdings, Caida Securities, Southwest Securities, and SDIC Capital all gaining more than 3%. Analysts noted that while the fundamentals of the brokerage sector continue to improve, over 40% of stocks within the sector are trading below book value, creating a significant divergence between earnings performance and valuation. Meanwhile, Sinolink Securities’ largest shareholder recently proposed a premium share repurchase of up to RMB 300 million, which the market views as proactive support during this valuation trough. Frequent signals of bottoming-out and recovery from brokerages have emerged; looking ahead, sell-side institutions
Express News | Hu Hengsong, General Manager of Caida Securities: Data Assets and Algorithmic Capabilities Are Becoming Tangible Competitive Advantages for Brokerages
At the 2026 Hundsun Securities Industry Partner Summit, Hu Hengsong, General Manager of Caida Securities, stated that digital transformation in the securities industry is no longer an 'optional question' but a 'mandatory one' that must be implemented. On one hand, financial information technology innovation is comprehensively upgrading from 'functional' to 'user-friendly and easy-to-use,' with autonomous controllability of core systems becoming a baseline requirement for the industry. On the other hand, artificial intelligence technologies are shifting from isolated pilot applications to full-scale, scenario-wide deployment, making data assets and algorithmic capabilities tangible competitive advantages for brokerages. Caida Securities is currently exploring three main approaches: first, comprehensively advancing OMO (Online-Merge-Offline) omnichannel integration to deliver a seamless, end-to-end service experience; second, accelerating the development of an investment research data lake and industry-specific large language models to precisely serve strategic emerging industries in the Beijing-Tianjin-Hebei region; and third, implementing a cloud-native strategy alongside a 'dual-midplatform' architecture to build an AI and compliance technology framework and establish Caida’s distinctive AI laboratory. (Reporter Lin Jian, Caixin)
Brokerage stocks surge as the 'flag bearer of the bull market' rallies—signaling a new offensive in the sector?
The value proposition of left-side positioning has become increasingly evident.
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.
Express News | The securities sector experienced a sudden upward movement, with Great Wall Securities hitting the price limit.
The securities sector experienced a sudden upward movement, with Great Wall Securities hitting the price limit. Jinlong Shares, Changjiang Securities, Orient Securities, Caitong Securities, and Caida Securities followed with gains. According to data released on the Shanghai Stock Exchange's official website regarding new account openings, the number of new A-share accounts opened at the Shanghai Stock Exchange in April 2026 reached 2.4913 million, representing a year-on-year increase of 29.46% compared to 1.9244 million in April 2025. By the end of April 2026, the cumulative total of new account openings this year amounted to 14.5315 million, reflecting a year-on-year increase of 54.65% compared to 9.3958 million as of the end of April 2025.
Express News | 10:30 AM Quick Review: Rapid Rotation of Hot Sectors, Over 80% Limit-Up Success Rate
The market retreated during the morning session, with all three major indices turning negative. The ChiNext Index showed a divergence between its yellow and white lines, indicating relatively stronger performance among small- and mid-cap stocks, with the micro-cap stock index rising over 1%. In terms of trading volume, the first hour saw an increase of 184.1 billion yuan in the two markets, with an estimated total daily turnover exceeding 2.7 trillion yuan. Market sentiment remained locally strong, with a limit-up success rate surpassing 80%, and nearly 3,000 stocks currently showing gains. Sector-wise, there was rapid rotation among hot topics, with early market focus concentrated on lithium mining, sports, real estate, and finance. Among these, the lithium mining concept remained highly active, with Rongjie Shares achieving limit-ups on three out of five days, and Shengxin Lithium Energy approaching the limit-up price. The large financial sector experienced upward volatility, with Caida Securities and Jianyuan Trust both nearing their limit-up prices.
Express News | The large financial sector continues to rise, with several stocks including Caida Securities hitting the daily price limit.
The large financial sector continues to rise, led by non-banking finance and internet finance sectors. Caida Securities and Jianyuan Trust hit the daily price limit, following Changjiang Securities which previously hit the limit. Aoshuo Information and Huaxin Yongdao surged over 10%, while CITIC Construction Investment, Everbright Securities, Tonghuashun, and Yinzhijie also saw significant gains.
The A-share securities sector experienced a significant upward movement: Changjiang Securities hit the daily price limit, while Caida Securities surged by more than 6%.
Gelonghui, April 30 | The A-share securities sector experienced an unusual surge at the start of trading, with Changjiang Securities hitting the daily limit, Caida Securities rising over 6%, and other individual stocks such as CITIC JianTou, Huachuang Yunxin, Hualin Securities, Bank of China Securities, and China Merchants Securities also following the upward trend. In terms of news, on April 29, the first-quarter reports for 2026 were fully disclosed by 50 listed securities firms and related concept stocks. Amidst a volatile yet active trading market environment, the overall performance of the securities industry in the first quarter of 2026 was positive, with a combined total operating revenue of 163.443 billion yuan and a net profit attributable to parent companies amounting to 65.624 billion yuan. Specifically, year-on-year revenue growth was observed in 38 institutions, with four exceeding expectations.
Caida Securities: Caida Securities Co., Ltd. First Quarter Report for 2026