
AI-generated summary
Retail investors increased leverage to participate in Taiwan stock trading through margin trading and securities lending, driving brokerage fees and interest income to grow.
For the top three securities firms alone, brokerage fee income increased by more than 40 billion yuan in the first half of 2026, and interest charges were also increased by 3.5 billion yuan. (File photo)
[Reporter Gao Jiahe/Taipei Report] Retail investors increased their leverage to rush into Taiwan stocks, and brokerage firms made a lot of money! For the top three securities firms alone, brokerage fee income increased by more than 40 billion yuan in the first half of 2026, and interest charges were also increased by 3.5 billion yuan.
"Brokerage fees" have always been the largest source of net income for securities companies, accounting for about 40% to 50% of the overall net income. According to the latest financial report for the first half of 2026, Yuanta Securities' brokerage fees collected 34.43 billion yuan, an annual growth rate of 195.1%. This fee income alone exceeded the overall operating profit in the same period last year; KGI Securities' fee income reached 17.024 billion yuan, an annual increase of 108.1%: Fubon Securities' fee income reached 14.232 billion yuan, an annual increase of 148.7% due to the benefits of the merger.
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"Interest income" also exploded across the board. Yuanta Securities' financing interest income in the first half of the year increased significantly from 3.070 billion yuan in the same period last year to 4.717 billion yuan. Retail investors earned an additional 1.647 billion yuan in financing interest alone (an annual increase of 53.7%). Interest income from loan funds increased from 1.79 billion yuan to 2.21 billion yuan, which also increased by approximately 420 million yuan (an annual increase of 23.4%).
KGI Securities' financing interest income climbed from 1.052 billion yuan in the same period last year to 1.666 billion yuan, an increase of approximately 614 million yuan (an annual increase of 58.3%); interest income from borrowings increased from 418 million yuan to 550 million yuan, an increase of approximately 132 million yuan (an annual increase of 31.5%).
Fubon Securities' interest income from margin financing increased from 921 million yuan in the same period last year to 1.443 billion yuan, an increase of approximately 522 million yuan (an annual increase of 56.6%); interest income from loan funds increased from 384 million yuan to 541 million yuan, an increase of approximately 157 million yuan (an annual increase of 41%).
The three major securities companies recorded a total of 65.687 billion yuan in brokerage fee income in the first half of 2026, a sharp increase of 40.115 billion yuan compared with 25.571 billion yuan in the same period last year, with a growth rate of 1 56.9%; benefiting from the rapid expansion of financing and unrestricted lending, the total interest income reached 11.127 billion yuan, which was 3.492 billion yuan more than the same period last year (an annual increase of 28.3%).
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If the Taiwan stock market continues to fluctuate upward, the growth momentum of brokerage fees for the three major brokerages in the second half of the year is expected to continue.
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