易方达批量买入11家券商H股 证券板块业绩大增引分析师看好

Core Viewpoint - The surge in H-shares of brokerage firms in July is attributed to significant investments by E Fund, driven by the rapid growth of its ETF, which has led to increased holdings in multiple brokerage stocks [1][2][3] Group 1: E Fund's Investment Activities - E Fund began purchasing H-shares of brokerage firms on July 11, with substantial increases occurring in late July, raising its holdings in several firms above 5% [2][3] - Specific transactions include E Fund buying 5.13% of Shenwan Hongyuan H-shares at an average price of 3.5499 HKD per share and increasing its stake in other firms like China Merchants Securities and CITIC Securities to over 5% [2][3] - By July 31, E Fund's ETF size reached 22.876 billion HKD, a 135% increase from the end of June, indicating a strong inflow of capital [1][3] Group 2: Performance of Brokerage Firms - As of July 31, 29 brokerage firms reported significant half-year profit growth, with major firms seeing net profit increases between 50% and 80%, while smaller firms reported increases of 50% to 120% [6] - The positive outlook for the second half of the year is supported by a stable and active capital market, with a recovering IPO market in Hong Kong benefiting brokerage operations [6][7] Group 3: Market Context and Future Prospects - The rise in H-shares is linked to the overall booming Hong Kong stock market, which saw equity financing reach 291.641 billion HKD by July 21, a 288.75% year-on-year increase [7] - The increasing importance of mainland brokerages in the Hong Kong market is highlighted by the recent announcement from CICC regarding its plans for an H-share listing [8]