HK Stock Market Move | Chinese-funded securities firms' stocks rose in the afternoon, approaching the important policy window period at the end of the year. Institutions are optimistic about the upward trend of the securities industry's business climate.

14:16 05/12/2025

Chinese securities companies' stocks rose in the afternoon, as of the time of writing, Hongye Futures (03678) rose by 6.1% to HK$3.48; Guolian Minsheng (01456) rose by 3.9% to HK$5.6.

Chinese-funded securities firms rose in the afternoon, as of the time of publication, Soho Holly Futures (03678) rose by 6.1% to 3.48 Hong Kong dollars; Guolian Minsheng (01456) rose by 3.9% to 5.6 Hong Kong dollars; Huatai (06886) rose by 3.66% to 18.39 Hong Kong dollars; Orient (03958) rose by 3.27% to 6.95 Hong Kong dollars; EB SECURITIES (06178) rose by 2.67% to 9.22 Hong Kong dollars. On the news front, a GF SEC research report pointed out that in 2025, market activity rebounded, margin trading increased significantly, the contribution of self-operated businesses differentiated, brokerage performance increased significantly but valuation remained stagnant. In 2026, with the improvement in expectations of a slow bull market and favorable policies, industry ROE continued to rise, alpha is expected to become more prominent, catalyzing institutional funds to increase allocation. The bank believes that the industry's business climate continues to rise, and the spring excitement is expected to open a valuation repair window. It is recommended to focus on securities firms that benefit from optimizing the structure and the acceleration of wealth management and capitalization of investment banking. It is worth noting that the important policy window at the end of the year is approaching. According to convention, the Central Committee's Political Bureau meeting and the Central Economic Work Conference will be held in mid to late December to deploy economic work for 2026. CITIC SEC pointed out that the Central Economic Work Conference in 2025 will likely form a systematic deployment under the general principle of seeking progress while maintaining stability in terms of expanding consumption, technological innovation, fiscal and monetary coordination, and resolving real estate risks. Short-term stability in growth and expectations is the core task, medium-term promotion of industrial and investment structure optimization, and long-term focus on building new productive forces and development models.

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