On June 18, CSC Financial (China Securities Construction Investment) fell 3.48% in regular trading, trading at 11.97 HKD/share, with turnover of approximately 35.32 million HKD. The decline came as the broader investment banking and brokerage sector faced selling pressure.

On the news front, CSC Financial is approaching a key court date on June 22, when the Shanghai Financial Court will hear its landmark lawsuit against Zijing Storage and 47 other defendants. As lead plaintiff alongside three other intermediary firms, CSC Financial is seeking to recover approximately 1.086 billion yuan in funds previously paid out to compensate investors harmed by Zijing Storage's fraudulent IPO and systematic financial fabrication. The case involves 26 corporate clients and 5 banks accused of knowingly facilitating the fraud. However, full recovery remains uncertain as Zijing Storage has ceased operations.

Within the Investment Banking and Brokerage sector, stocks broadly declined. CITIC Securities fell 3.39%, CICC dropped 2.52%, HTSC declined 0.93%, while IMAGI International rose 11.05% and CAM CSI300 edged up 0.24%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)