Hong Kong brokers are expected to expand their virtual asset business, with Cathay Pacific Haitong releasing related research reports.

According to the Gate News bot, as reported by Jin10, Guotai Junan released a research report on June 30, stating that more Hong Kong brokerages are expected to develop virtual asset-related businesses in the future. The report also mentions that as the market enters a performance window period, the profitability of the brokerage zone may exceed expectations. Against the backdrop of stabilizing the stock market, the institution suggests following opportunities in undervalued and underweighted blue-chip stocks, proposing that the investment approach for non-bank blue-chip stocks should shift from “marginal thinking of fundamentals” to “overall thinking of total risk-reward ratio”. In addition, the report emphasizes that under the policy environment encouraging red-chip and H-shares to return to A-shares, Hong Kong’s non-bank blue-chip stocks may benefit more.