The Zhitong Finance App learned that Chinese brokerage stocks have generally weakened. As of press release, Shen Wan Hongyuan (06806) fell 5.2% to HK$2.095; CITIC Construction Investment Securities (06066) fell 4.07% to HK$10.14; and Cathay Pacific Haitong (02611) fell 2.66% to HK$12.79.

According to the news, recently, the 2026 three-quarter reports of a number of listed brokerage firms were released, showing an overall divergent trend of “cumulative growth in the first three quarters and pressure in the third quarter”. Some listed brokerage firms are affected by their own business, and their performance fluctuates greatly, causing market concerns. It is worth noting that the public offering in the third quarter was accompanied by fluctuations in market conditions and turnover, and the holdings of Chinese brokerage firms were reduced at the same time.

According to a recent UBS research report, the year-on-year increase in the recurrent net profit of listed brokerage firms is expected to slow to 16% in the third quarter, lower than the 83% and 39% increase in the second quarter and fall 18% month-on-month, reflecting weak trading and weak market conditions, while Changxin Technology's listing provides a key profit buffer.

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