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The Hongmeng system can also be used for stock trading!Speeding up the competition of the securities industry on the same stage
Source: Zhengji Fengyun
Original Wang Yuanyuan
In June’s A-shares, brokerage stocks frequently saw red markets and closed up, and “Hongmeng” was also gaining popularity.According to incomplete statistics, more than 30 securities firms in the securities industry have announced that they support full compatibility with Hongmeng and support the localization of operating systems, includingGuotai Junan、GF Securities、Haitong Securities、China SecuritiesWait.
The brokerage sector has moved frequently recently. Closed on June 8,Everbright SecuritiesStraight line limit, the stock price closed at 19.17 yuan per share;Southwest SecuritiesIncreased by more than 5%;Zheshang Securities、Huaxin sharesWaiting for nearly 30 brokerage stocks to rise.
The balance of the two financings continued to rise and hit a new high, coupled with the entry of new investors, contributed to the enhancement of market vitality, and the performance of securities firms ushered in a broader profit margin. Analysts believe that the continuity of the valuation increase of the brokerage sector can be expected, and the left-side layout opportunities still exist.
“Hongmeng” is another hot word in June A shares. With the release of the Huawei Hongmeng system, the securities industry immediately “married”, and more than 30 brokerages have announced their support for full compatibility with Hongmeng and the localization of operating systems. This also means that in the future, A-share investors are expected to carry the Hongmeng system to invest in stocks.
From the perspective of the industry of individual stocks,Pudong Golden Bridge、Waigaoqiao、Lujiazui、Bright Real Estate、Shanghai Lingang、Zhangjiang Hi-TechSix Shanghai real estate stocks rose significantly. The outstanding performance was Lujiazui, which had a daily limit in early trading today, and finally closed at 14.43 yuan per share, with the latest total market value of 58.2 billion yuan. In fact, since the end of May, it has been rising like a rainbow, showing a straight-line upward trend, with a cumulative increase of nearly 38% from May 24 to June 8.
More than 30 brokerage stocks rose
On June 8th, the stocks of securities companies moved up. The ETF of the securities companies (512000) rose by more than 1% at one time, and the turnover exceeded 200 million yuan after the opening 20 minutes.
As of the close, China Everbright Securities had a straight line limit, and the stock price closed at 19.17 yuan per share; Southwest Securities rose more than 5%; Zheshang Securities, Huaxin shares and other nearly 30 stocks rose.
China Everbright Group has gained significant momentum in the past two days. Hong Kong stocks China Everbright Holdings closed up over 3% today. A sharesEverbright BankIncreased 0.5%. On the news, the People’s Bank of China recently accepted applications from CITIC Group and China Everbright Group for the establishment of a financial holding company.
Recently, the brokerage sector has changed frequently. On June 7, brokerage stocks rose in the short-term in the afternoon. As of the close, Everbright Securities rose 6.61%.Zhongtai Securities、Nanjing Securities、Bank of China Securities、CITIC SecuritiesOther stocks rose more than 2%.
On June 4, a news about the revision of the draft stamp duty triggered a more violent reaction from the market. Approaching midday, the brokerage sector changed. Southwest Securities rose by its daily limit. At the close of the day, the sector rose by 2.228%; the opening price suddenly increased in the afternoon, with a turnover of 15.75 billion yuan in one minute.
The balance of the two financings reached 1,734.9 billion yuan on June 1, setting a new high since July 2015. Coupled with the entry of new investors, the market’s vitality will increase, and the performance of securities firms will usher in a broader profit margin.
China Securities Regulatory Commission disclosed investor statistics in May. Although the number of new investors in May (1.4122 million) fell from April (1.6914 million), the year-on-year growth rate reached 16.3%, which was 13.2 higher than the April year-on-year growth rate. %.
Hongmeng Securities “Marriage”
In June’s A-shares, brokerage stocks frequently saw red markets and closed up, and “Hongmeng” was also gaining popularity.
On June 2, Huawei officially released the Hongmeng Harmony OS 2.0 operating system. Major brokerage firms have successively stated that their apps are fully compatible with Hongmeng. This also means that in the future, A-share investors are expected to use the Hongmeng system to invest in stocks.
According to incomplete statistics, more than 30 securities companies in the securities industry have announced that they support full compatibility with Hongmeng and support the localization of operating systems, including Guotai Junan, GF Securities, Haitong Securities, China Securities, Galaxy Securities,Guosen Securities、Guojin Securities、Orient Securities, Everbright Securities, Bank of China Securities, etc.
The relevant person in charge of Guotai Junan said in an interview with a reporter from “International Finance News” that the company attaches great importance to financial technology and conducted compatibility testing in the remote real machine in the Huawei Developer Alliance as soon as possible; applied for the Hongmeng developer beta as soon as possible. The internal beta version is tested for compatibility with the real machine function test and the security reinforcement system; on the evening of June 2nd, it is the first to test and update the public beta version of Hongmeng 2.0.
The relevant person in charge of GF Securities stated that after Huawei released the Hongmeng operating system, the company attached great importance to it and took advantage of the company’s financial technology to organize the compatibility test of the GF Easy Gold App to connect with the Hongmeng operating system, and successfully realized the comprehensive mobile client terminal. Compatible with Huawei Hongmeng operating system to meet the needs of customers upgrading Hongmeng system.
The relevant person in charge of Guojin Securities told reporters that “Commission Bao APP has fully supported the Hongmeng operating system. Mobile phones with Hongmeng operating system can perform operations such as checking market quotation, purchasing wealth management, and securities trading just like mobile phones using other operating systems. Enjoy the high-quality wealth management services of IFC Securities.”
“Before Hongmeng came out, the IT internal test was being updated. Considering the compatibility of the Hongmeng system, this time it’s a little more worry-free.” A head brokerage IT business person in charge said.
In addition, some brokers participated in the compatibility test earlier.China GalaxyThe relevant person in charge of securities told the reporter that in order to meet the needs of customers to upgrade to the Hongmeng operating system and ensure the smooth operation of the China Galaxy Securities App on the Hongmeng system, the company contacted Huawei as soon as possible and joined the Hongmeng developer for internal testing and procurement in April. The real machine has undergone functional testing and compatibility testing, and the verification work has been completed in early May.
Opportunities for layout on the left still exist
According to the data, the net profit of 40 A-share listed securities firms in the first quarter increased by 27% year-on-year, and the total annual net profit is expected to increase by 11% year-on-year. There is a clear mismatch between the valuation and performance of the brokerage sector, and there is room for upward repair.
From January to May of this year, the cumulative IPO financing amount increased by 48% compared with the same period last year, and securities firms’ IPO underwriting sponsorship income also received a bumper harvest. A total of 45 securities firms received IPO underwriting sponsorship income, totaling 9.393 billion yuan, a significant year-on-year increase of 79.29%.
Brokerage research reports have looked at more sectors. “The current market trading activity is improving, and the continuity of the valuation increase of the brokerage sector can be expected. The left-side layout opportunities still exist, and the short-term valuation restoration market may evolve to medium-term opportunities.” A non-bank analyst of a brokerage firm said.
Guotai Junan pointed out that with the rapid development of wealth management business, the uncertainty of the performance of securities firms with outstanding wealth management business will decrease, which is conducive to increasing valuations.
Bank of China Securities said that it is firmly bullish on brokerages and there is still room for improvement. The short-term monetary policy will remain stable, the market is still relatively optimistic about funding, and market activity and risk appetite are relatively high. The P/B ratio of the brokerage sector is lower than the historical central level, there is still room for valuation restoration, and the sector adjusted last week, freeing up more upside space. The long-term valuation centers of large securities firms and financial management specialty securities firms are expected to rise.
Domestic and foreign investment on the same stage accelerates
Seizing the marketing opportunities of Hongmeng system, fighting time and speed, is a stage for the domestic securities industry to compete on the same stage. At the same time, external competition is quietly speeding up.
On June 7, DBS Group announced that its joint venture securities company, DBS Securities (China) Co., Ltd. (“DBS Securities”), has been approved for business development.
It is reported that DBS Securities can carry out securities brokerage, securities investment consulting, securities self-operation, securities underwriting and sponsorship, etc., to provide domestic and foreign customers with products and services related to China’s onshore capital market.
Public information shows that there are currently 8 foreign-owned securities companies approved and approved by the China Securities Regulatory Commission.UBS Securities, Goldman Sachs Gao Hua Securities, Credit SuisseFounder Securities, Morgan Stanley Huaxin Securities, etc. are foreign shareholders who have achieved controlling by increasing their shareholding ratio; JPMorgan Chase Securities (China), Nomura Orient International Securities, Daiwa Securities, and DBS Securities are newly established securities firms.
The entry of foreign securities firms is still accelerating. On April 27, information from the China Securities Regulatory Commission showed that the “Approval for the Establishment of Securities Companies” submitted by BNP Paribas was accepted by the China Securities Regulatory Commission.
Public information shows that BNP Paribas is the leading global bank and financial services institution in Europe. According to the ranking of net income, it ranks first in France. According to the ranking of shareholders’ equity, it ranks the fourth largest bank in Europe, and its capital market value ranks second among Eurozone banks.
Huatai SecuritiesSaid that the continued expansion of joint venture securities companies will intensify the catfish effect, and the industry level is expected to introduce advanced business, technology and management, and promote securities companies to move closer to international investment banks; the micro level may increase individual competition and require leading securities companies to lead high-level competition; at the same time; Under the guidance of the opening up of the financial market and the support of policies, mainland securities firms have accelerated their pace of going global.
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