On June 26, CSC Financial fell 3.09% in regular trading, trading at HKD 11.91/share, with turnover of HKD 176 million. The decline came as the brokerage sector experienced a renewed pullback, partially retracing the prior session's rebound gains amid continued digestion of the regulatory suspension of equity cross-border TRS new business.

The sector has undergone sharp swings this week: a broad selloff following the regulatory directive to halt new equity cross-border TRS positions, a quick stabilization and rebound the following day, and now renewed selling pressure as profit-taking intensifies. Industry estimates place outstanding equity cross-border TRS at approximately RMB 200-300 billion. At an annualized fee rate of roughly 1.5%, the corresponding net revenue of RMB 3-4.5 billion accounts for only 0.5%-0.8% of total listed broker revenue, suggesting limited fundamental impact. However, short-term sentiment remains volatile as the market continues to absorb the policy shift. Sector peers including CITIC Securities fell 5.1% and CICC fell 4.34%.

(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.)