Guotai Junan: More Hong Kong Brokerages May Venture into Virtual Asset Business

BlockBeats News, June 30th, Guotai Junan Securities released a research report stating that more Hong Kong brokerages will enter the virtual asset business in the future. Furthermore, as the market has gradually entered the earnings season, brokerage firms are expected to outperform earnings expectations. Against the backdrop of a stable stock market, it is recommended to continue seeking opportunities in undervalued and under-allocated weighted stocks, with non-bank weighted stocks transitioning from a "marginal thinking of fundamentals" to a "total thinking of risk-return ratio." Especially under the recent policies encouraging red-chip and H-share listings back to A-share, Hong Kong's non-bank weighted stocks are expected to benefit more. (FX678)