基金托管牌照门槛抬高排队申请券商仅剩1家

Core Viewpoint - The number of brokerages applying for fund custody licenses has significantly decreased from seven to one due to heightened regulatory requirements, leading to a "withdrawal wave" among institutions unable to meet the new standards [1][3][4]. Group 1: Regulatory Changes - The China Securities Regulatory Commission (CSRC) has raised the entry threshold for fund custody qualifications, requiring commercial banks to have a net asset of at least 500 billion and securities companies to have at least 300 billion [4][5]. - Institutions applying for fund custody licenses must have a regulatory rating of level 2 or A class or above for the past three years, along with substantial operational capabilities [5][6]. Group 2: Current Status of Applications - As of now, only Dongwu Securities remains in the queue for fund custody qualifications, while six other brokerages have withdrawn their applications [1][2]. - The latest approved institution for fund custody is Chongqing Rural Commercial Bank, which must complete its business preparation within six months [3]. Group 3: Impact on the Industry - The new regulations have led to a concentration of fund custody business among larger institutions, with smaller brokerages lacking competitive advantages [7]. - Currently, 30 securities companies hold fund custody qualifications, indicating that most small and medium-sized brokerages still do not possess such licenses [7].