HTSC(SH:601688) Nan Jing Ri Bao·2025-04-09 00:53Core Insights - The surge of financial technology investment in the securities industry is becoming increasingly prominent, with major brokerages disclosing significant expenditures in their 2024 annual reports [1][2] - Huatai Securities leads the sector with an investment of 2.448 billion yuan, followed by Guotai Junan Securities at 2.2 billion yuan, indicating a trend of increasing financial technology investments among top firms [2][4] Investment Trends - Over 20 listed brokerages have reported their investments in information technology, with eight leading firms each investing over 1 billion yuan [2] - The continuous increase in technology investment reflects a strategic shift towards enhancing core competitiveness in financial technology [2][3] Industry Dynamics - The digital economy's strategic planning in China, along with regulatory requirements for digital transformation, is driving brokerages to adopt advanced technologies like big data and artificial intelligence [3][4] - The competitive pressure among leading brokerages is evident, as they leverage technology to improve risk management and customer service [5][6] Future Outlook - The net profit growth rate of brokerages that invest heavily in technology is significantly higher than the industry average, suggesting a positive correlation between technology investment and financial performance [6] - The securities industry's technology investment is expected to maintain a compound annual growth rate of over 15% in the next three years, reshaping the competitive landscape [6]