A-share brokerage concept stocks fluctuated higher in the morning session, with Xiangcai Securities rising more than 7% and Guotai Junan Securities rising more than 4%. Tianfeng Securities, Cinda Securities, Jinlong Securities and other stocks followed suit; Guotai Junan Securities announced before the market that its subsidiary Guotai Junan Securities (Hong Kong) Co., Ltd. is preparing to apply for virtual asset-related trading licenses.