Dongwu Securities: Brokerage net profits are expected to grow by 15% in 2026, with large brokerages more likely to generate alpha.

Securities firms continue to increase dividend levels, and the dividend yield of H-share broker stocks is relatively attractive.

Zhitong FinanceMay 13 14:30

What signal is released by securities firms' addition of the '115% immediate liquidation line'?

① Orient Securities announced that, effective May 18, a new 115% immediate liquidation line for margin trading and short selling will be implemented and incorporated into the relevant contracts; ② This arrangement is stricter than the standard 130% liquidation line, aiming to strengthen risk control in margin trading, with several brokers already adopting similar mechanisms; ③ Below the standard liquidation line, brokers still maintain some discretionary flexibility in handling forced liquidations for margin trading.

cls.cnMay 11 11:12

Chairman of China Merchants Securities (06099.HK) resigns.

China Merchants Securities (06099.HK) announced that Huo Da has tendered his resignation from the positions of Chairman, Executive Director, Legal Representative, member of the Board's Strategy and Sustainable Development Committee, and member of the Nomination Committee due to a work reassignment. The resignation took effect on May 8 (last Friday), and following his resignation, Huo Da will no longer hold any position within the company. According to the Company’s Articles of Association, Zhu Jiangtao, the company’s Executive Director and President, will assume the duties of the Chairman and Legal Representative until a new Chairman is elected.

AASTOCKSMay 11 09:37

China Merchants Securities (600999): Rising market trading activity boosts brokerage revenue, improvement in investment business enhances profitability.

The core argument is that the company achieved revenue of 6.973 billion yuan in the first quarter of 2026, representing a year-on-year increase of 47.96%. Net profit attributable to shareholders reached 3.271 billion yuan, marking a year-on-year growth of 41.73%. The main driver behind the company's robust performance was

CSC Financial Co., Ltd.May 10 00:00

CMBI Securities (600999) Q1 2026 Earnings Report Commentary: Significant Year-on-Year Improvement in Proprietary Trading, Continued Robust Profit Growth

Event: China Merchants Securities released its Q1 2026 earnings report. Operating revenue, excluding other business income: CNY 6.9 billion, a year-on-year increase of 48.4%. Net profit attributable to shareholders: CNY 3.27 billion, a quarter-on-quarter decrease of CNY 210 million, and a year-on-year increase of 41.7%.

Huachuang SecuritiesMay 8 14:07

Hong Kong Monetary Authority: Will consider whether to issue new licenses after the first batch of stablecoins is launched.

Yu Weiwén indicated that after the initial batch of stablecoins is launched, further consideration will be given to whether new licenses should be issued. He reiterated that even if additional licenses are granted, the number will remain limited and subject to market capacity in terms of how many issuers and new types of risks can be accommodated. He emphasized that expectations management for the market will be carefully handled.

Zhitong FinanceMay 4 14:41