Dec. 29 at 9:07 AM
$WRD About CMS rating of WeRide, as it is not US based, and why it matters. I had to do some research on them as known in the US, especially among retail traders.
China Merchants Securities (CMS) is a major player in China's securities industry, ranking consistently in the top 10-15 among approximately 140 brokerages.
Overall, CMS is important domestically as a top-tier Chinese brokerage with AA regulatory rating and growing international presence, but it is not among the absolute top 3-5 globally or even in China—those spots are held by heavier hitters like CITIC. Its analyst initiations carry weight, especially for emerging sectors like tech and autonomous driving in the HK market.