Yunfeng Financial surged rapidly in the afternoon, now up over 39%.

BlockBeats news, October 9th, according to Bitget market data, Yunfeng Financial Group (00376.HK), backed by Jack Ma, surged rapidly in the afternoon, now up over 39%, with its stock price breaking through HK$2.4.

The short-term rally in Yunfeng Financial was mainly driven by the securities and internet finance sectors, combined with its own license structure restructuring and insurance profit growth. Today, the Hong Kong stock securities ETF rose over 2%, with internet finance also moving higher in tandem.