Sinolink Securities Co Ltd

Listed brokerages are accelerating their overseas expansion, with 17 firms announcing increased investment in overseas business so far in 2025. Guolian Minsheng recently announced that it has received a reply from the China Securities Regulatory Commission raising no objection to its plan to inject no more than 2 billion yuan into its wholly owned subsidiary Guolian Securities Hong Kong Limited. The capital increase still needs to complete filing procedures for the overseas investment project before it can be implemented. According to a tally by Yicai, 13 brokerages including Huaan Securities and Sinolink Securities announced capital increases for overseas subsidiaries or the establishment of new overseas subsidiaries in 2025, and the expansion has continued into 2026. Guotai Haitong's non-bank team estimates that the business space for brokerages in Hong Kong is expected to exceed 350 billion Hong Kong dollars by 2028. Data from a Guosen Securities research report shows that in the first half of 2026, 15 listed brokerages with comparable data achieved overseas business revenue of 34.161 billion yuan, with international business contributing 18.9 percent of their combined revenue, up about 69.9 percent year on year. Cross-border business has become a core growth curve for brokerages after proprietary trading and wealth management.

Sinolink Securities announced that as of July 31, 2026, the company had repurchased a total of 17.3996 million shares through centralized competitive bidding, accounting for 0.4696% of its total share capital. The highest purchase price was 9.00 yuan per share, the lowest was 8.16 yuan per share, and the total amount paid was approximately 150 million yuan. According to the repurchase plan previously approved by the board of directors, the company intends to repurchase shares for an amount not less than 150 million yuan and not more than 300 million yuan, at a price not exceeding 13 yuan per share. The repurchase period is within three months from the date of board approval, and the purpose is to safeguard company value and shareholder interests.

On the morning of July 20, the broader financial sector rallied, with the CSI 300 Non-Bank Financial Index rising 2.5% and the CSI All Share Securities Index gaining 1.9%. Huaan Securities and Guolian Minsheng successively announced share buyback plans, joining Guojin Securities which had launched a buyback earlier, bringing the combined buyback cap for the three brokerages to 700 million yuan. On the same day, the median interim profit forecast for 20 listed brokerages showed a year-on-year increase of 91%, with a quarter-on-quarter rise of 63% in the second quarter. As of July 17, the CSI All Share Securities Index traded at a price-to-book ratio of just 1.10 times, near the 11th percentile of the past decade, and a price-to-earnings ratio of only 14.39 times, near the 2nd percentile of the past decade. The E Fund CSI Securities ETF and the E Fund CSI Securities and Insurance ETF track the CSI All Share Securities Index and the CSI 300 Non-Bank Financial Index respectively, offering investors a one-click tool to invest in leading securities firms.

The China Securities Regulatory Commission recently organised a symposium with representatives from securities fund institutions and listed companies to hear opinions and suggestions on promoting the stable and healthy development of the capital market. Before the market opened on 20 July, five central enterprise listed companies—China Shenhua Energy, CRRC Corporation, Aluminum Corporation of China, NARI Technology, and China Coal Energy—released intensive announcements, sending positive signals through shareholder shareholding increases, share buybacks, cash dividends, and injections of high-quality assets. The previous evening, China Reform Holdings disclosed that it had already used over 50 billion yuan in special re-lending for share buybacks and shareholding increases, along with supporting funds, to maintain market stability, while China Chengtong Holdings disclosed that it had recently purchased nearly 10 billion yuan in onshore stock assets cumulatively. In the brokerage sector, three brokerages—Huaan Securities, Guolian Minsheng Securities, and Sinolink Securities—successively launched buyback plans with a combined maximum amount of 700 million yuan. In the private equity industry, two billion-yuan-level quantitative private equity firms, Lingjun Investment and Pingfanghe Investment, simultaneously announced large-scale self-purchases. Since July, six institutions have made self-purchases totalling 412 million yuan, accounting for nearly 79 percent of the full-year total. Funds entered the market against the trend via exchange-traded funds. Last week, total net inflows into ETFs across the market reached 229.033 billion yuan, of which equity ETFs contributed 203.592 billion yuan, and broad-based ETFs saw net inflows of 156.12 billion yuan in a single week. The latest size of the Huatai-PineBridge CSI 300 ETF reached 99.521 billion yuan. The market adjustment was mainly triggered by external factors such as geopolitical tensions in the Middle East and deleveraging in overseas technology sectors. There has been no trend reversal in the fundamentals of the domestic economy or corporate earnings. The 900 companies on the Shenzhen market that have disclosed half-year earnings forecasts reported total net profits of approximately 230.7 billion yuan, a year-on-year surge of 147 percent.