Citi's report indicates that Chinese brokers experienced significant revenue and net profit growth in the first quarter of 2026, with CICC showing the highest profit increase. The bank has revised its earnings forecasts and target prices for these stocks due to strong market activity and expects a robust return on equity for the year, leading to an average upside potential of about 35% for H-share brokers. CICC is highlighted as the top pick in the sector.
