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不出意外,证券公司2016年盈利水平大幅收缩。一方面,A股成交量下滑、经纪业务整体萎缩;另一方面,IP0发行常态化、债券承销规模上升。这“一降一升”的影响无疑反映在了各大券商近期陆续披露的2016年年报中。数据显示,部分券商的投行、资管业务带来的业绩增长不抵经纪业务的下滑,因此,传统经纪业务转型也被各家券商提上日程。就目前来看,券商业务收入逐渐呈现出结构性变
Not surprisingly, the profitability of securities companies contracted sharply in 2016. On the one hand, A-share trading volume declined while brokerage business as a whole contracted. On the other hand, IP0 issuance was normalized and the size of bond underwriting increased. This “one drop one liter” influence is undoubtedly reflected in the major brokerage recently disclosed in the 2016 annual report. Data show that some brokers investment banking, asset management business performance growth does not meet the decline in brokerage business, therefore, the traditional brokerage business restructuring has also been put on the agenda brokers. For now, brokerage business income gradually showed a structural change