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china national radio beijing september 5th news (reporter cao qian)the pace of securities industry mergers and acquisitions is accelerating. after the jiangsu provincial state-owned assets supervision and administration commission approved the relevant matters of the 29.5 billion merger of "guolian securities + minsheng securities" on the 3rd, two more mergers and acquisitions made significant progress on the 4th.

guosen securities announced that it plans to purchase 96.08% of wanhe securities' shares held by shenzhen capital, kunpeng investment, shenzhen investment group and other companies through the issuance of a-shares. after the transaction is completed, wanhe securities will become a subsidiary of guosen securities. on the same day, guolian securities also announced that the major asset restructuring of issuing a-shares to purchase 99.26% of minsheng securities and raise supporting funds was approved by the company's temporary shareholders' meeting.

experts believe that mergers and acquisitions are important means for securities companies to grow bigger and stronger. securities companies can make up for their business shortcomings through mergers and acquisitions, and achieve the effect of 1+1>2. the recently concluded semi-annual reports of securities companies also show a signal of further improvement in industry concentration. leading companies have sufficient funds to survive the industry downturn and continue to expand their market share; small and medium-sized securities companies may encounter some difficulties in their operations.

according to the wind data compiled by cnr capital eye, in the first half of 2024, 50 listed securities companies achieved a total operating income of 239.75 billion yuan, and the net profit attributable to parent company shareholders was 68.396 billion yuan. the top ten securities companies in terms of operating income and net profit accounted for 60% of the total number of all a-share listed securities companies.

the top ten securities firms account for 60% of the revenue and net profit of all listed securities firms