Changes in Hong Kong stocks | Chinese brokerage stocks quickly boosted in the afternoon, and a new round of brokers' dividend payments entered the implementation stage, institutions are optimistic about sector valuation repairs

The Zhitong Finance App learned that Chinese brokerage stocks rose rapidly in the afternoon. As of press release, CITIC Securities (06030) rose 3.77% to HK$28.08; China Merchants Securities (06099) rose 2.64% to HK$14.36; GF Securities (01776) rose 2.46% to HK$18.36; and Shen Wan Hongyuan (06806) rose 1.96% to HK$3.12.

According to the news, according to economic references, since December, many listed brokerage firms, including Great Wall, Societe Generale, Huatai, and Pioneer, have issued dividend implementation announcements, and a new round of dividend payments has entered the implementation stage. Under the active guidance of policies such as regulation and encouraging listed brokerage firms to raise the level of cash dividends, the amount of dividends paid by listed brokerage firms exceeded 54.8 billion yuan during the year, and 14 of them have implemented dividends of more than 1 billion yuan.

Guojin Securities said that under the guidance of regulation, securities companies' operations will be more resilient in the future, and high-quality brokerage firms are expected to further open leverage limits and raise ROE levels. Judging from the historical profit growth rate, sector rise and fall rate, ROE level, and corresponding PB multiples, the sector's stock price and valuation performance still lag significantly behind performance, and we are optimistic about sector valuation repair.