Industry insiders predict that domestic securities firms have mainly expanded their scale through endogenous growth in the past. In the future, under the guidance of supervision, there may be more mergers and acquisitions in the industry, and resource integration may become an important way for securities firms to quickly increase their scale and overall strength.
Large securities firms will further fill in the gaps and consolidate their advantages through mergers and acquisitions, while small and medium-sized securities firms are expected to overtake others through external mergers and acquisitions, thereby achieving economies of scale and business complementarity. It is expected that after the integration, the industry concentration will increase, and the pattern of large-scale securities firms + small and medium-sized specialty securities firms will gradually become clear.
Ping An Securities pointed out that in the long run, a new panama telegram data round of reform cycle in the capital market has begun, and the securities industry has clearly set the goal of accelerating the construction of first-class investment banks. As an important intermediary institution serving the capital market and national strategy, securities companies still have considerable room for growth.
The optimization of the industry structure is accelerating, and exemplary inter-brokerage restructuring cases such as "Guotai Junan + Haitong" are progressing in an orderly manner. We look forward to more restructuring transactions in the future.