Xin Lang Zheng Quan·2025-07-01 07:57Core Insights - The securities industry is experiencing accelerated personnel turnover and structural changes as of the first half of 2025, with a total of 323,900 practitioners, a decrease of 6,870 or 2.12% from the beginning of the year [1] Personnel Changes - The number of general securities business personnel decreased by 5,521, a decline of 2.74% - Securities sponsors saw a reduction of 330, representing a 3.90% drop - Securities brokers experienced a decrease of 2,264, marking an 8.75% decline - Conversely, investment advisors increased by 1,264, an increase of 1.55%, and securities analysts rose by 50, a growth of 0.89% [1] Firm-Specific Changes - Among 42 listed securities firms, 35 reported a reduction in employee numbers, with a reduction rate of 83.33% - Major firms like Guotai Junan, CITIC Securities, CITIC Jianan, and GF Securities saw significant reductions of 421, 401, 337, and 305 employees respectively - Smaller firms, while having lower absolute reductions, exhibited significant percentage declines, with Tianfeng Securities experiencing a reduction of over 5%, specifically 6.36% [1] Detailed Personnel Data - Guotai Haitong: 11,346 to 18,654, an increase of 7,308 or 39.18% - CITIC Securities: 14,216 to 13,815, a decrease of 401 or 2.90% - CITIC Jianan: 11,350 to 11,013, a decrease of 337 or 3.06% - China Galaxy: 11,248 to 11,004, a decrease of 244 or 2.22% - GF Securities: 10,790 to 10,485, a decrease of 305 or 2.91% - Guotai Securities: 9,924 to 9,503, a decrease of 421 or 4.43% [2] Investment Advisor Changes - Notable reductions in investment advisors include: - Industrial Securities: decreased by 40 to 1,041, a drop of 3.84% - CITIC Securities: decreased by 32 to 4,431, a drop of 0.72% - Guotai Securities: decreased by 19 to 3,745, a drop of 0.51% - Caitong Securities: decreased by 12 to 726, a drop of 1.65% [3] Securities Sponsor Changes - In terms of securities sponsors, notable reductions include: - CITIC Jianan: decreased by 53 to 540, a drop of 9.81% - Oriental Securities: decreased by 35 to 208, a drop of 16.83% - CITIC Securities: decreased by 32 to 588, a drop of 5.44% [4] Analyst Changes - The number of analysts in the industry saw varied changes: - CICC: 340 analysts, a decrease of 7 or 2.06% - Guotai Haitong: increased by 113 to 287, a growth of 39.37% - CITIC Securities: increased by 9 to 268, a growth of 3.36% - CITIC Jianan: decreased by 9 to 164, a drop of 5.49% [5]