Chinese securities firms listed in Hong Kong extended their morning gains. As of press time, CC SECURITIES (01375) surged 11.91% to HK$3.1; GLMS SEC (01456) climbed 7.4% to HK$7.11; CSC (06066) rose 6.59% to HK$14.56; and CICC (03908) gained 5.67% to HK$22.38.

On the news front, July financial data revealed that non-bank financial institution deposits increased dramatically by 2.14 trillion yuan, representing a year-over-year increase of 1.39 trillion yuan compared to the same period last year. This reflects structural changes in capital flows, with retail funds transferring to financial markets through various channels.

Xiao Jinchuan, Co-Chief Macro Analyst at Huaxi Securities, noted that due to wealth management product scale growth falling short of last year's levels in July, combined with deposit rate cuts in May this year, some funds may have flowed out of retail deposits and moved toward non-bank financial institutions, becoming potential incremental capital flowing into stock markets, bond markets, and futures markets.

Additionally, margin trading balances have once again broken through the 2 trillion yuan threshold, reaching a ten-year high, with market trading sentiment remaining elevated.

Huatai Securities stated that as market risk appetite increases, the securities sector's return on equity is entering an upward cycle. Moreover, this round of securities firm performance may demonstrate stronger stability and sustainability, with attention focused on the continued recovery of the securities sector under the positive cycle of market conditions, expectations, and performance.