2021年中国证券业调查报告-毕马威

Mainland ChinaSecuritiesSurvey 2021Financial serviceskpmg.com/cnIntroduction01Market overviewIndustry trendsBusiness dynamicsConclusion063248660504030201The strategic importance of capital market reforms in the first year of the 14th Five-Year PlanData-driven digital transformation: Integrating fintech and business scenariosContinually enhancing compliance and risk managementA new stage of comprehensive opening to the outside worldESG to support sustainable developmentESG3.1 3.23.33.43.5Wealth management: Accelerating transformationProprietary trading: Solid performance, especially in OTC derivativesInvestment banking: Deepened reform of registration-based IPO system with first-tier players outperformingCredit business: Stock-pledge lending declines, while margin financing and securities lending bounce back to their peakAsset management: Pivoting toward publicly offered funds4.1 4.24.34.44.5Contents 目录Appendices7006Appendix 1 Financial highlights Appendix 2 Sector ranking for 2020 Appendix 3 Overview of foreign invested securities company3 Appendix 4 2021 rating of securities companies by the CSRC4 2021Appendix 5 Mainland Futures Companies 5 Appendix 6Mainland Fund Management Companies6 Appendix 7Mainland Subsidiaries of Fund Management Companies7Appendix 8Securities companies who have set up Hong Kong subsidiaries 8Appendix 9Foreign-funded enterprises that offer private fund management business9711851921951992072172252291IntroductionMainland China Securities Survey 20212©2021 KPMG Huazhen LLP and KPMG Advisory (China) Limited, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in China. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.During the past extraordinary year, China was able to successfully combat COVID-19 and keep its economy afloat during the pandemic. Meanwhile, the country’s capital market showed strong resilience and vitality during this difficult time. As a key part of the capital market, the securities industry maintained an upward trend in 2020. With the formal implementation of the new Securities Law, the steady launch of the IPO registration system, the further opening up of foreign investment channels, and the acceleration and deepening of digital transformation, major securities companies are actively exploring the transformation of their market positioning, for the purpose of long-term development.According to the audited annual reports of 137 securities companies published by the Securities Association of China (SAC), the securities industry realised operating income of RMB 446.8 billion and net profit of RMB154.9 billion (based on