Appendix: 65438+10.30, Guohai Securities plans to increase by no more than 8.5 billion yuan; On February 2, Dongxing Securities plans to increase by no more than 7 billion yuan; On February 5, Guolian Securities proposed to increase by no more than 6.5 billion yuan; On February 26th, CITIC Securities plans to raise no more than 28 billion yuan through rights issue; On March 7, Huachuang Anyang, the parent company of Huachuang Securities, proposed to increase by no more than 8 billion yuan; On March 12, Huaan Securities was approved to raise no more than 4 billion yuan through rights issue; On March 12, Hongta Securities was allowed to raise no more than 8 billion yuan; 15 March, TF Securities was approved to increase its income by no more than12.8 billion yuan.
On the one hand, the profit model of brokers has changed greatly, and the proportion of traditional brokerage business has declined. Self-operated business, capital intermediary business and investment banking business have become the main profit sources of securities firms, and they also need more capital expenditure. At the same time, foreign capital has entered in an all-round way and the market competition is fierce.
According to the data released by the Securities Industry Association, the self-operated business has surpassed the brokerage business for two consecutive years and has become the first profit source of securities firms. Self-operated business requires brokers to have sufficient self-owned capital in order to expand their business.
Capital intermediary business, also known as margin trading and market trading, requires large-scale capital on the one hand and large risk reserve on the other.
With the implementation of the comprehensive registration system and the implementation of the New Third Board, the investment banking business of securities firms has a lot of room for growth and needs large capital investment. With the continuous tightening of supervision, problems in the process of business sponsorship mean fines and compensation, so it is necessary to increase the reserve of high-level talents and increase the provision of risk reserve.
Competition with foreign investment banks needs to raise funds. In the A-share market, foreign capital entered in an all-round way. In the international market, head brokers need domestic competition. No matter in terms of talents or funds, domestic brokers are in a weak position.
It can be seen that behind the refinancing tide of securities firms is the need of industry changes and market competition. To make the capital market bigger and stronger, we need a group of powerful securities companies. The securities industry is not recovering, but facing greater development opportunities and challenges.