KPMG report: In the first half of the year, China’s 150 securities companies collectively achieved a year-on-year revenue increase of more than 30%

China News Service, Shanghai, October 8 (Reporter Jiang Yu) KPMG released the "2026 China Securities Industry Survey Report" on the 8th, which showed that in the first half of 2026, China's 150 securities companies collectively achieved a year-on-year increase in operating income of more than 30%.

The report stated that in the first half of 2026, China's 150 securities companies achieved a total operating income of 329.8 billion yuan (RMB, the same below), a year-on-year increase of approximately 31%, and a net profit of 138.7 billion yuan, a year-on-year increase of 23%. In terms of income structure, self-operated business ranks firmly as the largest source of income, and brokerage, investment banking, asset management, and credit businesses all achieved growth.

The report believes that the significance of this round of growth is not limited to the numbers themselves. China’s securities industry has begun to enter the harvest period from its years of accumulation in asset allocation, wealth management, cross-border layout and technology investment.

The report pointed out that currently, the global layout of Chinese securities companies with Hong Kong as the hub and extending to Southeast Asia is entering a period of intensive implementation, and the proportion of overseas business revenue has steadily increased. At the same time, foreign securities firms continue to operate in China in the form of sole proprietorships, and a pattern of mutual promotion and cooperation between Chinese and foreign investment institutions is taking shape.

"The internationalization of China's securities industry is moving from a single-point layout of 'going global' to a stage of deep penetration of the local market. On the one hand, Chinese securities companies undertake the cross-border financing needs brought by Chinese companies' overseas expansion and Hong Kong stock listings. On the other hand, they provide channels for global capital to increase the allocation of Chinese assets. The two-way demand together constitutes the market foundation for the internationalization of China's securities industry." said Huang Aizhou, head of financial industry at KPMG in China.

The report released this time is KPMG’s 20th annual China Securities Industry Survey Report. According to the report, in the past 20 years, the total assets of China's securities industry have increased from 0.67 trillion yuan to 14.83 trillion yuan, and the income structure has evolved from brokerage business once accounting for 70% to a diversified balance. Each cycle has left a deeper accumulation than the previous one.