Hong Kong stock market movement | Chinese brokerage stocks rise collectively; three departments reportedly meet with financial institutions today; institutions say brokerage valuations severely mismatch profitability.

Zhitong Finance APP has learned that Chinese brokerage stocks are rising collectively. As of press time, CICC (03908.HK) is up 5.01% at HK$17.82; China Merchants Securities (06099.HK) is up 4.23% at HK$12.82; GF Securities (01776.HK) is up 4.16% at HK$16.29; CITIC Securities (06030) is up 4.02% at HK$20.68.