Six major listed brokerages surpass 10 billion yuan in profit; their operating performance is only behind the 2015 bull market.

WealthCoffee · 2026-04-01T02:23:27+00:00

As of March 31, 2025, 24 out of 43 listed securities firms have released their annual reports. The A-share market warmed up in 2025, with the index rising from 2,600 points to 4,000 points. The annual trading volume exceeded 400 trillion yuan for the first time, and market activity significantly increased.

WealthCoffee

2026-04-01 02:23:27

Abstract generation in progress

【Caixin Net】 By the end of March, listed brokerage firms rolled out a batch of annual performance reports in a concentrated disclosure. According to Caixin’s statistics, as of March 31, among 43 listed brokerage firms, 24 have already disclosed their 2025 annual reports.

China’s securities industry has long been regarded as “making a living depending on the weather.” In 2025, the A-share market saw a surge. After experiencing the suppression of 2024, which topped the world, and starting from the 2024 “9·24 market move,” the Shanghai Composite rose from the 2,600-point range to 4,000 points. The cumulative gain was about 50%, setting a new decade high. Liquidity activity also increased significantly. Individual investors actively entered the market, and residents’ bank deposits moved elsewhere; institutional investors benefited as policy guidance encouraged medium- and long-term funds to invest. Data show that in 2025, the A-share market’s annual trading value first exceeded 400 trillion yuan, with daily average trading of about 1.7 trillion yuan. Total market capitalization surpassed 119 trillion yuan, and the financing balance grew to about 2.4 trillion yuan.

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