Financials, Automotive, Technology Sep 14, 2021 01:25 PM (GMT+8)
From July 21 to September 13, the daily turnover of Shanghai and Shenzhen stock markets has exceeded trillion yuan for 39 consecutive trading days. Based on this, the commission income of securities companies should increase simultaneously. According to the industry average commission rate, the commission income of securities companies in 39 trading days should be more than 13 billion yuan. In the first half of this year, the net brokerage fee income of listed securities companies was about 61.8 billion yuan (according to choice Statistics). In contrast, the "increase in commission income" of securities companies did not seem obvious. In this regard, industry insiders said that the commission rate of brokerage business of securities companies has been declining due to homogeneous competition, and there is a situation of "making up the price by quantity".
This text is a result of machine translation.