Zheng Quan Shi Bao·2025-07-30 18:56Core Viewpoint - BlackRock has been actively trading shares of China International Capital Corporation (CICC), indicating a bullish sentiment towards the company as it continues to increase its holdings in the H-shares market [1][2]. Group 1: BlackRock's Trading Activities - BlackRock purchased 1.2624 million shares of CICC H-shares for HKD 25.5245 million on July 22, maintaining a holding of 95.3997 million shares, which is over 5% of the total shares [1]. - Since June 6, BlackRock has engaged in multiple trading operations involving CICC H-shares, including acquiring 6.8873 million shares and subsequently increasing its holdings to 117.1189 million shares by June 12 [2]. - Despite some reduction in holdings, BlackRock's good shares (long positions) remain greater than its short positions, reflecting a continued positive outlook on CICC [2]. Group 2: Performance of CICC and Industry Outlook - CICC H-shares have shown a strong performance, with a cumulative increase of 38.39% from June 6 to July 29 [3]. - Both CICC and China Galaxy, which are under the Central Huijin Investment, have announced significant profit growth for the first half of the year, with CICC expecting a net profit of between CNY 3.453 billion and CNY 3.966 billion, representing a year-on-year increase of 55% to 78% [3]. - China Galaxy anticipates a net profit of CNY 6.362 billion to CNY 6.801 billion, reflecting a growth of 45% to 55% [3]. Group 3: Market Trends and Analyst Sentiment - The majority of A-share and H-share listed Chinese brokerages have experienced stock price increases of over 20% in the past month, indicating a positive market trend [4]. - Analysts suggest that the current brokerage market is seeing a shift from trading strategies to holding strategies, with a sustained influx of capital into the market [4]. - The outlook for the brokerage sector remains optimistic, driven by improved industry performance, increased trading volume, and cost reduction measures that enhance long-term returns for investors [4].