Economic Observer Network reporter Huang Yifan On June 18, the Securities Association of China, based on the audited data of various securities companies, conducted a statistical ranking of 38 indicators including the asset scale and various business incomes of securities companies, and released the ranking of the operating performance indicators of securities companies in 2020.
According to statistics from the Securities Industry Association, in 2020, the top five securities firms in annual revenue are CITIC Securities, Guotai Junan, Huatai Securities, China Securities, and China Merchants Securities. CITIC Securities ranked first with 34.140 billion yuan in revenue.
From the point of view of net profit, there are a total of 5 securities firms with over RMB 10 billion in 2020, namely CITIC Securities, Guotai Junan, Haitong Securities, Huatai Securities, and GF Securities.
The Securities Industry Association stated that, starting from the pilot registration system on the Science and Technology Innovation Board, and then implementing the “stock + incremental” reform on the ChiNext, breakthroughs have been made in the registration system reform. As of the end of 2020, the proportion of direct financing in my country has continued to increase, reaching 12.6%. At the same time, the investment banking business income of the securities industry in 2020 will reach 67.67 billion yuan, a year-on-year increase of 39.76%, accounting for 15.25% of operating income. In 2020, securities companies realized 26.852 billion yuan of stock lead underwriting commission income, a year-on-year increase of 115.25%, and bond lead underwriting commission income of 25.244 billion yuan, a year-on-year increase of 24.76%. The industry’s direct financing ability to serve the real economy was further improved.
In 2020, the securities industry will continue to make efforts to transform its wealth management business, realizing brokerage business revenue of RMB 127.947 billion, a year-on-year increase of 54.82%. At the same time, the revenue of agency sales of financial products was 12.572 billion yuan, a year-on-year increase of 188.63%; the investment consulting business revenue was 4.677 billion yuan, a year-on-year increase of 24.01%. The scale of client securities assets reached 61.17 trillion yuan, a year-on-year increase of 37.67%. In 2020, the amount of securities traded by clients of securities industry agencies reached 464.37 trillion yuan, a year-on-year increase of 557.65%.
The Securities Industry Association stated that in the fields of agency sales of financial products, securities investment consulting services, and service agency customer transactions, some small and medium-sized securities companies have performed outstandingly. The differentiated development of the industry and characteristic operations have achieved initial results, and they have continued to improve their wealth management capabilities to serve residents. Good progress has been made.
According to data provided by the Securities Industry Association, as of the end of 2020, the total assets of the industry were 8.78 trillion yuan, and the net assets were 2.23 trillion yuan, an increase of 22.32% and 14.02% respectively from the end of the previous year; the industry’s net capital was 1.80 trillion yuan, an increase from the end of the previous year. 11.80%. The performance of the securities industry in 2020 continued to improve and reached the highest level in the past three years. The industry realized operating income of 439.815 billion yuan, a year-on-year increase of 24.93%; and realized a net profit of 170.778 billion yuan, a year-on-year increase of 39.20%. The return on net assets of the securities industry in 2020 was 7.82%, an increase of 1.58 percentage points from the previous year.
In addition, it is worth noting that the securities industry as a whole is expanding its investment in information technology. The data shows that the industry-wide investment in information technology in 2020 is 26.287 billion yuan, a year-on-year increase of 21.31%, accounting for 7.47% of 2019 operating income. Since 2017, the securities industry has invested 84.5 billion yuan in information technology.
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