此外，中航证券研报称，目前监管明确鼓励行业内整合，在政策推动证券行业高质量发展的趋势下，并购重组是券商实现外延式发展的有效手段，券商并购重组对提升行业整体竞争力、优化资源配置以及促进市场健康发展具有积极作用，同时行业整合有助于提高行业集中度，形成规模效应。预计行业内并购重组事项将持续加速推进China-Affiliated Brokerage stocks are all declining. As of the time of writing, CITIC SEC (06030) is down 5.85%, at 20.1 HKD; Guolian (01456) is down 5.21%, at 4.37 HKD; CSC (06066) is down 5.4%, at 9.29 HKD; China Merchants (06099) is down 5.25%, at 15.18 HKD.
According to Zhito Finance APP, China-Affiliated Brokerage stocks fell across the board. As of the time of writing, CITIC SEC (06030) declined by 5.85%, reporting at 20.1 Hong Kong dollars; Guolian (01456) fell by 5.21%, reporting at 4.37 Hong Kong dollars; CSC (06066) dropped by 5.4%, reporting at 9.29 Hong Kong dollars; China Merchants (06099) decreased by 5.25%, reporting at 15.18 Hong Kong dollars.
In terms of news, Choice data Statistics show that as of December 31, 2024, there were 100 companies that launched IPOs in the A-share market, raising a total of 66.776 billion yuan. Compared to the entire year of 2023, the number of companies going public decreased by 213, and the funds raised also dropped by 289.763 billion yuan, a year-on-year decline of over 80%. Correspondingly, related investment banking Business of the Brokerage has also significantly decreased. Looking ahead to the 2025 IPO market, industry insiders have stated that new shares in the A-share market will continue to be issued regularly in a scientific and reasonable manner.
In addition, a Research Report from AVIC Securities stated that the regulation currently clearly encourages integration within the industry. Under the trend of policy promoting high-quality development of the Huaan CSI All Share Investment Banking &, mergers and reorganizations are an effective means for brokerages to achieve external growth. The mergers and reorganizations by brokerages positively contribute to enhancing the overall competitiveness of the industry, optimizing resource allocation, and promoting healthy market development. At the same time, industry integration helps increase concentration within the industry and creates economies of scale. It is expected that M&A activities within the industry will continue to accelerate.
