Hong Kong-listed Chinese financial stocks surged on Wednesday, with GF Securities (000776), Everbright Securities (601788), and Huatai Securities (601688) jumping over 5%, while China Taiping and Xinhua Insurance (601336) also posted strong gains. China Merchants Securities and China Taiping (601601) followed the upward trend, reflecting broad-based optimism in the sector.
The rally was fueled by expectations of policy easing to boost capital markets, including potential IPO reforms and tax incentives for insurers. Analysts note improving risk appetite and rising trading volumes are driving momentum, though sustainability hinges on Q2 earnings delivery.
The sector’s rebound suggests confidence in a second-half recovery, with investors particularly bullish on brokers with strong wealth management exposure and insurers benefiting from pension reforms. However, profit-taking risks remain near current levels
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