HK Stock Market Move | Chinese-funded securities firms' stocks have all surged, with some securities firms having unrealized gains of over one billion yuan in Changxin's IPO. The release of the science and technology innovation bonus is unleashing the potential of securities firms.

Chinese-funded securities firms' stocks surged across the board. As of the time of publication, CMSC (06099) rose 6.93% to HK$16.21; GF SEC (01776) rose 5.64% to HK$17.22; Orient (03958) rose 5.23% to HK$6.24; and CITIC SEC (06030) rose 4.52% to HK$26.82. On the news front, according to interface reports, Changcun has started IPO counseling, Changxin's performance has exploded, and domestic storage giants are sprinting for listing. After calculating equity penetration, Huaan is estimated to hold 0.39% of Changxin Technology's shares after its IPO, while CMSC holds 0.75%. Based on a target market value of 2-3 trillion, the expected floating profits for single investments are projected to reach 7.3-11.3 billion and 14.4-21.9 billion respectively, accounting for 347-524% and 117-177% of the profits of the two securities firms last year, with huge potential contributions. Guotai Haitong released a research report stating that besides international business and wealth management, the development and growth of technology companies are expected to bring significant dividends to securities firms in alternative investments, private equity, and IPO businesses. Some securities firms will benefit from location advantages and forward-looking layouts, accelerating profit releases. It is recommended to focus on securities firms with higher technological attributes.