Guotai Junan: More Hong Kong brokerages are likely to venture into virtual asset business.

[Guotai Junan: More Hong Kong brokerages may layout virtual asset business] Guotai Junan released a research report stating that more Hong Kong brokerages will layout virtual asset businesses in the future. In addition, the market has gradually entered the earnings window period, and the profitability of the brokerage zone is expected to exceed expectations. Against the backdrop of a stable stock market, opportunities to continue recommending undervalued and underweighted blue-chip stocks are still present, with non-bank blue-chip stocks shifting from "marginal thinking of fundamentals" to "overall thinking of risk-return ratio". Especially under the recent policies encouraging red-chip and H-shares to return to A-shares, non-bank blue-chip stocks in the Hong Kong stock market are benefiting more.