“Bull Market Rider” brokerage stocks continued to strengthen in the afternoon. Market participants analyzed that it may be due to the capital game that China Gold Company resumed trading. On November 20, it was revealed that CICC had absorbed Dongxing Securities and Cinda Securities, and the three companies collectively suspended trading. According to relevant regulations, trading is expected to be suspended for no more than 25 trading days. Based on this calculation, the three companies will soon issue restructuring announcements and resume trading. Analysts believe that the resumption of trading by these three companies may greatly help the brokerage sector. Furthermore, recently, management also made it clear that it is necessary to moderately broaden brokers' capital space and leverage limits, and shift from price competition to value competition. In addition, the overall valuation of the brokerage sector is low, and institutional capital allocation is not high, so it is not difficult to boost up.

“Bull Market Rider” brokerage stocks continued to strengthen in the afternoon. Market participants analyzed that it may be due to the capital game that China Gold Company resumed trading. On November 20, it was revealed that CICC had absorbed Dongxing Securities and Cinda Securities, and the three companies collectively suspended trading. According to relevant regulations, trading is expected to be suspended for no more than 25 trading days. Based on this calculation, the three companies will soon issue restructuring announcements and resume trading. Analysts believe that the resumption of trading by these three companies may greatly help the brokerage sector. Furthermore, recently, management also made it clear that it is necessary to moderately broaden brokers' capital space and leverage limits, and shift from price competition to value competition. In addition, the overall valuation of the brokerage sector is low, and institutional capital allocation is not high, so it is not difficult to boost up.