On July 3, China Merchants Securities (06099.HK) rose 3.47% in regular trading, trading at 17.57 HKD/share, with turnover of 72.78 million HKD. The stock continues to benefit from the Long Xin Technology IPO narrative that triggered a near limit-up surge on the A-share side earlier this week.

Long Xin Technology's prospectus revealed that China Merchants Securities participated from the angel round, holding approximately 505 million shares with an implied book value approaching 200 billion RMB. The market is repricing the company under a new thesis that buying leading brokers equates to owning a discounted basket of hard-tech equity stakes, as the firm's three-investment linkage model enters its harvest phase. Additionally, the company's approved final dividend of 5.16 HKD per 10 shares payable on August 10 provides yield support, while Q1 attributable net profit grew 42% year-over-year to 3.27 billion RMB.

Within the Investment Banking and Brokerage sector, GF Securities rose 3.13%, CSC Financial rose 2.27%, CICC rose 1.79%, and CITIC Securities rose 1.54%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)