2021年中国证券业调查报告（中英文版，237页）

行业报告下载 2021年09月30日 05:30 管理员

In 2020, 137 securities companies in mainland China recorded total operating income of RMB 446.8 billion, representing a year-on-year increase of 24 percent; and net profit after tax of RMB 154.9 billion, an increase of 30 percent year-on-year (Chart 1). The rise in net profits was attributable to the booming securities market. In 2020, the A-share stock markets in Shanghai and Shenzhen recorded a combined turnover of RMB 207 trillion, representing a year-on-year increase of 62 percent (Chart 2). The average brokerage commission rate decreased further in 2020, though by a smaller percentage, to 0.0263 percent1. A significant increase in trading volume and a slightly lower average commission rate resulted in remarkably higher net income for brokerage businesses, while net income from investment banking businesses increased significantly thanks to the launch of the STAR market’s registration system. The New Asset Management Regulations also stimulated the growth of actively managed AUM and boosted the net income of the asset management business.