The “final examination” card for securities dealers was published in 2020。
On the evening of 18 june, the china securities industry association (hereinafter referred to as the china securities association) published a ranking of securities companies in terms of their performance for 2020, and conducted a statistical ranking of securities companies in terms of audited data and business, covering 38 indicators. Of these, 16 indicators, such as the rate of return on net assets and the share of information technology inputs in operating income, were applied to the 2021 stock company classification evaluation。
The daily securities journal journalist's list of top 20 indicators was noted. At the same time, among the indicators of total assets, net assets, operating income, net profits, market value of securities held in trust, and income from the sale of financial products by agents, the top 10 positions are covered by leading dealers such as chongryon and gutai. A number of small and medium-sized dealers are at the top of indicators such as net asset return and the share of information technology inputs in operating income。
The performance of the securities industry reached its highest level in nearly three years in 2020
In this new stage of development, the csa states that the securities sector is deeply engaged in a new concept of development, is active in the construction of a new development paradigm, is structured around the overall objective of “building a regulatory, transparent, open, dynamic and resilient capital market”, adheres to a “system-building, non-intervention, zero-tolerance” policy approach, focuses on strengthening capacity-building in the management of the real economy and the wealth of the population, seizes opportunities to accelerate business transformation, has continued to improve capital strength and market competitiveness, and has made good progress in high-quality industrial development。
With regard to the size of the industry, by 2020 the size and quality of the securities sector had steadily increased and profitability had increased. By the end of 2020, total industry assets were $8. 78 trillion and net assets were $22. 3 trillion, an increase of 22. 32 per cent and 14. 02 per cent, respectively, compared to the end of the previous year; of these, china-china securities were well ahead of the total assets of $810. 259 billion (specialized combined calibre), followed by chinese-chinese securities, with total assets of around $530 billion and 19 coupons with total assets exceeding $100 billion; moreover, eastern wealth rose from 38th place in 2019 to 22nd place in 2020. Net assets of chinese-chinese securities, maritime securities, gutai gwanan, chinese securities and securities for commercial purposes are over $100 billion。
In terms of profitability, the performance of the securities sector continued to improve in 2020, reaching its highest level in the last three years, with an industry-wide revenue of 4,39. 815 billion yuan, an increase of 24. 93 per cent over the same period; of these, 13 coupons had a business income of more than 10 billion yuan, with chongryon, guo guo guangan and huatai being among the top three securities. The net profit for the entire industry was $17,778 million, an increase of 39. 2 per cent over the same period; of this total, the net profit of the sino-chinese securities, gutai gwanan, haitong securities, chinese securities and five large-scale securities dealers exceeded 10 billion yuan。
It is worth mentioning that the net asset return in the securities sector for 2020 was 7. 82 per cent, an increase of 1. 58 percentage points over the previous year, and that the overall profitability of the sector continued to grow. Of these, 11 coupons had a net asset return of more than 10 per cent, eastern wealth ranked first with a net asset return of 15. 46 per cent, and china had the second and the third highest net asset return of cicad and wallin securities, respectively。
Quality development with three-wheel drive for investment, wealth management, digital governance
The development process of securities firms has been continuously transformed and upgraded, and business structures have been optimized. In issuing the business performance list, csa made special reference to the three main areas of investment, wealth management and digital governance。
Brokering, as a traditional business of issuers and one of the main sources of performance, bears witness to the development of the securities industry. In 2020, the securities sector continued its dynamic transformation of wealth management operations, generating $12,79. 47 billion in brokering revenue, an increase of 54. 82 per cent over the same period. At the same time, the revenue from the sale of financial products by agents was 12,572 million yuan, an increase of 188. 63 per cent over the same period, and from the investment advisory service of 4,677 million yuan, an increase of 24. 01 per cent over the same period. The size of customer securities assets amounted to $61. 17 trillion, an increase of 37. 67 per cent over the same period. In 2020, the turnover of securities traded by clients of securities agents in the securities sector amounted to 46,437 trillion yuan, an increase of 557. 65 per cent over the same period。
In response, chen mengjie, chief strategic analyst of securities and head of the industry group, said in an interview with a journalist in the daily securities journal: “in the sub-business sector, there was a high growth in brokering in the securities sector in 2020, mainly as a result of the fund's fire. Overall, the average commission rate has continued to decline but to slow down, and many coupons have continued to increase their investment in financial science and technology, and the transformation of wealth management in the domestic securities sector has accelerated. In addition, in the face of a decline in the size of the portfolio, the portfolior's initiative in managing the transition started to bear fruit and aggregate income increased significantly. In addition to the proactive management transition, the rise in income from voucher management was also due to the outbreak of public fund-raising operations, which had grown significantly as the interest market became hotter and the wealth of the population moved”。
According to the daily securities journal reporter, the head issuer, represented by the chinese sino-chinese securities and gutai koo an, has continued to take the lead in the above indicators. In addition, some small- and medium-sized issuers have shown remarkable performance in the areas of correspondent sales of financial products, portfolio investment advisory services, and customer transactions of service agencies, with the development of industry differentiation and the emergence of niche operations, and the continued improvement of the wealth management capacity of service residents。
At present, a number of small and medium-sized issuers have also demonstrated new development strategies, and in the context of the persistence of the head, how small and medium-sized issuers should “reverse” and chen monk said to the daily issuer of the securities journal: “for small and medium-sized issuers, it is important to make use of their strengths, to develop their own niches, to build their own core competitiveness, to set up specialized, fine-quality tracks, to demonstrate comparative advantages in the niche line and to compete differently with the head issuer. At present, our country is paying increasing attention to capital market development, promoting connectivity with offshore capital markets, and diversifying and diversifying the portfolio of dealers can contribute to strengthening the financial system in support of the real economy and promoting quality development in the securities sector”。
The securities industry has been investing in the professional advantage of investment banks, and the real economic capacity of service providers has been further enhanced. By the end of 2020, our share of direct financing had continued to rise to 12. 6 per cent. In 2020, the income from investment banks in the securities sector amounted to $6,767 billion, an increase of 39. 76 per cent over the same period, or 15. 25 per cent。
Specifically, in 2020, securities firms earned 26,852 million yuan, an increase of 115. 25 per cent over the same period; of these, csim, csip, csim, csim and csim all earned more than 2 billion yuan, while public securities, national gold securities and construction securities were among the top 10. With regard to the main bond underwriting, the sector-wide commission revenues were 25. 244 billion yuan, an increase of 24. 76 per cent over the same period, and the direct financing capacity of the industrial service entities was further enhanced; of these, the commission revenues of chongryon, guo guangan, chongbong, haitong and guanggang securities were over 1 billion yuan。
Of concern is the accelerated integration of financial science and technology and the securities industry in recent years. Since the release of the firm's it input indicators, the portfolio industry has been paying increasing attention to it and industry it inputs have been increasing over the years. In 2020, the investment in information technology was 26,287 million yuan, an increase of 21. 31 per cent over the same period, or 7. 47 per cent of operating income in 2019. The cumulative investment of the securities sector in the field of information technology from 2017 to the present time amounts to $84. 5 billion, and the industry has continued to increase its input in the field of information technology, laying a solid foundation for the digital transformation and high-quality development of the industry。
Of these, the investment in information systems for chinese, chinese, chinese and chinese securities, as well as maritime securities, exceeded 1 billion yuan. In terms of information technology inputs as a proportion of operating income, small and medium-sized coupons have a strong advantage, with eastern wealth, security securities and chinese and thai securities accounting for more than 11 per cent, the third highest。
“the current policies in the securities sector maintain a liberal and innovative tone, while deep capital market reforms are under way, previous deleveraging regulations have increased the level of industry-level regulation and laid the foundation for further policy easing, and it is expected that in the coming years voucher wealth management and investment operations will lead to accelerated transformation and high-quality development in the securities sector.”。
