Big brokerage companies share more "cakes" and the concentration of financial consulting business increases

Topic: Market shrinks and differentiates, and the rotation of A-share hot spots may continue

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Against the backdrop of the coldest equity financing, mergers and acquisitions and restructuring business has become one of the main ways for securities investment banks to seek new revenue growth. However, compared with the 25 listed securities companies that have disclosed their annual reports, the business pattern can be described as "sad and happy".

Data shows that based on the net income of financial advisory business, 11 of the above 25 securities firms achieved positive growth, with a growth rate of up to 53%; 14 saw a decline, with a maximum decline of 61%. Overall, the industry concentration has further increased, and the top eight brokerages have divided most of the "cakes".

The net income of financial consulting business declined overall year-on-year

In 2024, the market for mergers and acquisiti...
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