Number of securities brokers falls below 20,000, career transition paths receive attention
The number of securities brokers in China has fallen below 20,000, marking a significant decline in the industry. Over 5,500 professionals have left the securities sector this year, surpassing last year's total outflow, with brokers accounting for over 80% of these departures. Major firms like China International Capital Corporation Wealth Securities and China Merchants Securities have completed the elimination of this role, while Huatai Securities has a minimal number remaining, signaling a major shift in brokerage operations. AI