Chinese brokerage stocks continued their upward trajectory.

GTHT (02611) rose 5.13% to HK$13.73.

HTSC (06886) gained 3.6% to HK$16.42.

GF SEC (01776) advanced 3.03% to HK$16.64.

CMSC (06099) increased 2.32% to HK$14.98.

The rally is fueled by a series of high-profile project reviews for listing.

Yangtze Memory Technology completed its IPO tutoring filing with the Hubei Securities Regulatory Bureau on May 19th.

ChangXin Memory Technology's IPO application for the STAR Market was approved by the listing committee on May 27th.

Unitree Robotics is scheduled for a review on June 1st, taking only 73 days from application acceptance to committee review.

Analysts note that the approval of these major projects could serve as a new catalyst for the brokerage sector, with second-quarter earnings expected to maintain strong growth.

Notably, Huaan Securities is estimated to hold a 0.39% stake in ChangXin post-IPO, while CMSC is estimated to hold 0.75%.

Based on a target market valuation of 2-3 trillion yuan, the unrealized gains from these single investments are projected to reach approximately 7.3-11.3 billion yuan and 14.4-21.9 billion yuan, respectively.