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
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RANK_REASON This cluster discusses industry trends and job market shifts rather than a specific event like a product launch or funding round.