集体爆发！

Core Viewpoint - Chinese brokerage stocks experienced a significant surge, with several leading stocks rising over 10% on September 29, 2023, indicating a strong market performance in the sector [4][5]. Group 1: Market Performance - The Hang Seng Index closed at 26,622.88 points, up 1.89%, while the Hang Seng Technology Index rose by 2.08% [2][3]. - The total market turnover reached 309.1 billion HKD, with southbound funds recording a net sell of 1.654 billion HKD [2][3]. - Major brokerage firms such as GF Securities, Huatai Securities, and CITIC Securities saw their stock prices increase by 12.5%, 12.55%, and 11.79%, respectively [5][6]. Group 2: Sector Highlights - The non-ferrous metals sector also performed well, with Zijin Mining rising by 5.86%, reaching a new high [4]. - Internet technology stocks rebounded, with companies like SMIC and Alibaba Health each gaining approximately 5% [4]. Group 3: Regulatory and Economic Context - The People's Bank of China emphasized the importance of maintaining capital market stability during its monetary policy committee meeting on September 23, 2023 [7]. - The Ministry of Finance reported that the securities transaction stamp duty for January to August 2023 amounted to 118.7 billion CNY, reflecting a year-on-year increase of 81.7% [7]. Group 4: Individual Company Developments - Alibaba's stock rose by 4.14% on September 29, with a trading volume of 22.098 billion HKD, following an upgrade in its ADR target price by Morgan Stanley [9][10]. - Morgan Stanley raised Alibaba's ADR target price from 165 USD to 200 USD, citing strong growth prospects for its cloud computing business [10][11]. - CATL's stock increased by 3.11%, supported by advancements in solid-state battery technology reported by Tsinghua University [13][14].