Zhongyuan Securities: Tech Innovation Sector Rally Strong, Brokerage Performance Elasticity Accelerates

36Kr reports that Zhongyuan Securities released a research note stating that in H1 2026, the securities industry saw revenue grow by 31.38% year-on-year and net profit increase by 23.50%, with all business segments achieving comprehensive growth. The firm expects the core P/B fluctuation range for the brokerages sector to remain between 1.10x and 1.30x in Q4; if valuations move toward the lower end of this range, it remains an opportune time to reposition in the brokerage sector, urging continued close attention to policy developments, market conditions, and the brokerage sector.