UBS has released a report raising its 2025 earnings forecasts for Chinese brokers by an average of 10% based on its new forecasts and the results of 1-3Q24. Amid intensified competition, the broker selected CITIC SEC (06030.HK) +1.160 (+5.967%) Short selling $103.20M; Ratio 17.434% and HTSC (06886.HK) +0.580 (+4.841%) Short selling $9.23M; Ratio 9.600% as its top picks as both led in wealth management, asset management, institutional business, and overseas business.UBS' investment ratings and target price changes for Chinese brokers are listed as follows:Related NewsJPM Ratings, TPs on CN Brokers (Table)Stock | Investment Rating | Target PriceCITIC SEC (06030.HK) +1.160 (+5.967%) Short selling $103.20M; Ratio 17.434% | Buy | $23.6 -> $30.1HTSC (06886.HK) +0.580 (+4.841%) Short selling $9.23M; Ratio 9.600% | Buy | $13.1 -> $18.2CICC (03908.HK) +0.520 (+4.429%) Short selling $23.04M; Ratio 8.834% | Buy | $15.6 -> $19.9CSC (06066.HK) +0.490 (+5.426%) Short selling $6.88M; Ratio 7.338% | Buy | $9.5 -> $13.8EB SECURITIES (06178.HK) +0.320 (+4.476%) Short selling $1.81M; Ratio 6.655% | Neutral | $5.57 -> $7.7CGS (06881.HK) +0.350 (+5.435%) Short selling $15.89M; Ratio 6.570% | Sell | $2.84 -> $4(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-14 16:25.)