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Guotai Junan Securities: More Hong Kong Brokerages Expected to Enter Virtual Asset Business

Summary: According to Jinshi's report, Guotai Junan Securities stated that more Hong Kong brokerages are expected to enter the virtual asset business in the future. Additionally, as the market enters the earnings season, brokerage sector profits are expected to exceed expectations. Against a stable stock market backdrop, opportunities to recommend undervalued and underweight weighted stocks continue, ...

According to Jinshi's report, Guotai Junan Securities stated that more Hong Kong brokerages are expected to enter the virtual asset business in the future. Additionally, as the market enters the earnings season, brokerage sector profits are expected to exceed expectations. Against a stable stock market backdrop, opportunities to recommend undervalued and underweight weighted stocks continue, with a shift from fundamental to total risk-return ratio thinking for non-bank weighted stocks. Especially with recent policies encouraging red-chip and H-share companies to return to A-shares, Hong Kong's non-bank weighted stocks are expected to benefit more.

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