On June 15, China Merchants Securities (06099.HK) surged 8.49% in regular trading, reaching HK$16.97 per share with turnover of HK$199 million, as the broader HK-listed Chinese brokerage sector rallied collectively.

The rally was primarily driven by the China Securities Regulatory Commission officially approving ChangXin Memory Technologies (CXMT) IPO registration on June 12 for a Science and Technology Innovation Board listing. China Merchants Securities holds the largest brokerage stake in CXMT at approximately 0.8%-0.94% equity. With CXMT projected to achieve full-year net profit of approximately RMB 1,000 billion and an expected market capitalization of RMB 2-3 trillion upon listing, analysts estimate China Merchants Securities could realize floating gains of RMB 120-240 billion from this single investment.

The sector saw broad strength on June 15, with CICC up 5.91%, CITIC Securities up 4.66%, CGS up 3.56%, Guotai Junan International up 3.77%, and HTSC up 2.66%. Additionally, A-share new account openings reached 17.3 million through May, up 57.94% year-over-year, reinforcing bullish sentiment for the brokerage sector.

(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.)