1, among domestic brokers, CITIC Securities continued to improve its investment and research system, and its asset management market share continued to increase; Orient securities Asset Management adheres to active management, and the yield of equity products is leading in the industry; Zheshang Asset Management gives full play to its regional advantages and establishes its brand through FOF featured products. In his view, although the income proportion of domestic securities companies' asset management business is lower than that of traditional businesses such as self-operated and brokerage, it is still an important part of the overall business of securities companies, and it can generate synergy with other departments to form an industrial chain. Securities companies should do a good job in customer segmentation and product diversification to meet the diversified investment needs of customers, improve their investment and research capabilities from both internal and external aspects, and gradually return to active management.
2. Summarize the development experience of asset management business of American investment banks. For head brokers with strong comprehensive strength, they can learn from the development model of the whole industry chain of Merrill Lynch and Goldman Sachs, gradually enrich their asset management products, strengthen customer segmentation, and meet the asset management needs of different customers.
3. At the same time, do a good job in internal coordination, cooperate with brokerage business, investment banking and other departments to expand the source of funds, set up ABS and other products with the help of investment banking project resources, and actively carry out innovative businesses such as derivatives. For a large number of small and medium-sized brokers, we can refer to charles schwab's successful experience in transforming from discount brokers to integrated financial service providers, combine our own characteristics and external resources, concentrate on deepening some fields, and build brand advantages through characteristic asset management products.
4. In absolute terms, the leading positions of CITIC Securities, Haitong Securities and Guotai Junan are unshakable. The operating income of the three brokers in the first quarter reached 65.438+06.396 billion yuan, 65.438+065.438+065.438+092 million yuan and 65.438+00943 billion yuan respectively, ranking the top three. Huatai Securities, Shenwan Hongyuan and Guangfa Securities ranked fourth to sixth, with revenues exceeding 8 billion yuan, reaching 8.788 billion yuan, 8.650 billion yuan and 8.320 billion yuan respectively. In terms of profit, Guotai Junan performed outstandingly, leading Haitong Securities. According to the ranking, the net profits of CITIC Securities, Guotai Junan and Haitong Securities in the first quarter were 565,438+64 million yuan, 441180,000 yuan and 36180,000 yuan respectively, ranking the top three. Huatai Securities, China Merchants Securities and Guangfa Securities ranked fourth to sixth with net profits of 3.309 billion yuan, 2.6 26. 1.2 billion yuan and 2.540 billion yuan.