Hong Kong stocks of Chinese brokerages strengthened sharply in the morning, with Zhongzhou Securities (01375.HK) rising by more than 40%, followed by Guolian Minsheng (01456.HK), Cathay Pacific Haitong (02611.HK), Shenwan Hongyuan (06806.HK), and Orient Securities (03958.HK). On the news front, several unprofitable companies have recently been accepted for IPO on the Science and Technology Innovation Board, with 150 IPOs accepted in June alone, accounting for 85% of the total in the first half of the year.
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