
台股持續創高帶動ETF規模半年增逾2兆元,公股四大金控證券與投信事業雖實現倍數成長,但總獲利仍遠低於民營元大金控單一家,證券總獲利不到元大證券的四成,投信總獲利更僅約2億元,落後元大投信近十倍。
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台股近期持續上揚,帶動ETF規模急速成長。上半年境內指數股票型基金規模從6.5兆增至超過10兆,增加2.7兆。公股四大金控推動投信四合一整合,證券事業亦受惠於交易量放大。
台股強強滾,公股金控證券事業獲利雖成長,但相較民營金控大爆發,只能算是喝到湯。(資料照)
〔記者高嘉和/台北報導〕今年台股表現「牛氣沖天」,ETF規模短短半年大增逾2兆。四大公股金控兆豐、第一、華南與合庫近來推動投信四合一,依據上半年合併財報,公股證券事業「各自登山」,就算四家合計獲利,也打不過一家民營元大金控;民營金控大發台股財、公股金控只剩喝湯。
根據投信投顧公會統計,隨著台股不斷創高,境內各類指數股票型基金規模從去年6月底的6.5兆元,到今年6月底已暴增破10兆,今年上半年就增加2.7兆。
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若從投信事業來看,合庫投信今年上半年稅後淨利達2.36億元,較去年同期的1.25億元,年增率達88.8%,是四家公股投信中成長幅度;第一金投信上半年稅後淨利1.92億元,對比去年同期的0.82億元,年增率更達134%;兆豐投信上半年淨利僅約1.04億元,未見爆發性成長;華南永昌投信雖然在今年上半年轉虧為盈,但獲利基期極低,也錯失這波ETF帶動的管理費收益紅利。
對比民營元大投信上半年就狂賺29.67億元,四大公股投信的獲利全數約2億元上下,甚至更低,差距高達十倍以上;四家加起來也打不過一家。
雖然投信事業只能「喝湯」,四大公股券商上半年獲利都倍數成長。華南永昌證券上半年稅後淨利高達32.34億元,相較於去年同期的6.31億元,年增率超過412%,爆發力是公股之冠。
第一金證券上半年稅後淨利為14.11億元。對比去年同期的2.98億元,年增率亦高達373%;合庫證券成功扭轉頹勢,從去年上半年虧損0.96億元,今年上半年大賺13.79億元。
只是,四大公股券商(兆豐約35.26億元、華南永昌32.34億元、第一金14.11億元、合庫13.79億元)獲利全部加總,合計約95.5億元,相較元大證券上半年淨利就高達245.28億元,四大公股券商合計獲利不到元大證券一家的四成(約38.9%)。
一手掌握經濟脈動 點我訂閱自由財經Youtube頻道
AI outlook — possibilities, not facts
元大金控證券事業將在下半年維持獲利領先地位
Likely · Within months
公股金控將繼續推動投信事業整合以提升規模效益
Possible · Within months

Taishin Shin Kong Financial Holdings exclusively sponsored the Taipei 101 National Day performance, with the theme of "Onward Taiwan, Light Up Taiwan Together". Combining drones, fireworks and laser lighting special effects, the mascot Richard transformed into a birthday ambassador and jumped into the night sky. People on site interacted enthusiastically to continue the joyful atmosphere of National Day.
The tax department reminds taxpayers that the special additional deduction for continuing education for professional qualifications is limited to 72 certificates in the "National Vocational Qualification Catalog (2021 Edition)", including 59 professional and technical personnel and 13 skilled personnel professional qualifications. A fixed deduction of 3,600 yuan is applied in the year of first acquisition. Repeated declarations for continuing education, annual inspections, certificate renewals, etc. are not allowed, and only one deduction can be enjoyed in the same tax year.
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Benefiting from the expansion of demand for infrastructure such as AI servers, high-speed network communications and memories, the copper foil substrate market has experienced both volume and price growth. Taiwanese manufacturers have a global market share of 37.4%. Increased upstream costs and tight supply have led to price increases that will continue to 2 In 2027, four stocks, Tai Optoelectronics, Taiyao, Lianmao, and Tenghui-KY, experienced explosive profits. Their recent stock price performance was outstanding. Tenghui and Lianmao rose by 26.4% and 18% on a weekly basis, while Tai Optoelectronics and Taiyao rose by 15.7% and 7.4% respectively.

Taiwan stocks approached 50,000 points last week, closing at 49,313.44 points, holding steady at 49,000 points. Investment advisory agencies said that U.S. stocks and Taiwan stocks are promising for profits, and interest rate issues will not interfere for the time being. The market is steadily moving towards a bullish path in the fourth quarter. The index range is 48,000 points to 51,000 points, and it is recommended to buy on dips.

According to the 2025 annual reports of various financial holding companies, CITIC Financial Holdings ranked first with a profit of RMB 80.6 billion. However, in terms of median annual employee salary, First Financial Holdings ranked first among public financial holdings with 1.473 million yuan, surpassing CITIC Financial Holdings’ 1.407 million yuan. In terms of general manager compensation, CITIC Financial General Manager Gao Lixue’s annual salary fell in the range of 15 million to 30 million yuan, while the general manager of public financial holding companies mostly ranged from 5 million to 10 million yuan.