Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 71 , 18 January 2024


Open Access | Article

Analysis of Transformation from Brokerage Business to Wealth Management Business of Huatai Securities

Ziqing Zhu * 1
1 Jinan University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 71, 304-310
Published 18 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ziqing Zhu. Analysis of Transformation from Brokerage Business to Wealth Management Business of Huatai Securities. AEMPS (2024) Vol. 71: 304-310. DOI: 10.54254/2754-1169/71/20241540.

Abstract

Seen from the Chinese securities companies 2023 half annual report , the first half of the performance is generally better, but the brokerage business is greatly affected by the market, the overall performance has declined , 54 of 57 data comparable securities companies growth rate is negative. This study will take the general decline of brokerage business performance of securities companies as the starting point, and Huatai Securities brokerage business has gradually transformed into wealth management business, so the analysis of Huatai Securities business as a research example is supported. Driven by social factors and internal factors, Huatai Securities should deepen its wealth management reform and analyze its weaknesses and opportunities from its own perspective. Meanwhile, this study gives suggestions for improvement, which can inspire the securities companies facing the same predicament to learn from the relevant experience and make prospects for development of Chinese securities companies. These results help China's brokerage economic business out of the development dilemma, to seek an organic combination of brokerage business and wealth management business, and to promote the prosperity of the securities industry.

Keywords

Huatai Securities, transformational development, brokerage busines

References

1. Yang, F. (2019). Development status and problems of China's securities industry. Business and Management, 12.

2. Hu, J. (2023). International Development of Chinese Securities Companies based on SWOT Analysis: taking Huatai Securities as an example. Economic Research Guide, 15.

3. Li, H. (2021). The performance of listed brokerages is improving as a whole. The Economic Times, 17, 3.

4. Tang, Y. (2022). Brokerage revenue decline Brokerages want to borrow fund advisory and institutional business "break the game". Shanghai Securities News, 7, 1.

5. Liu, Y. (2021). Listed securities companies transform wealth management dividends. China Business Times,16, 8.

6. Bu, Z. (2021). Opportunities and Challenges for the development of wealth management in China. Financial Market Research 2, 1.

7. Wang, Y., Sun, Y. (2022). Consignment sales of financial products revenue decline brokerage wealth management transformation brewing new methods. Shanghai Securities News, 22, 12.

8. Xu, L. (2020). The development experience of Charles Schwab and its enlightenment to the innovative development of our country's securities industry. Modern Business 15, 6.

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10. Chen, Z. (2021). Research on realistic dilemma and solution strategy of wealth management transformation of securities firms. Marketing, 31.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-281-7
ISBN (Online)
978-1-83558-282-4
Published Date
18 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/71/20241540
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated