Core Viewpoint - Six out of seven brokerages have withdrawn their applications for fund custody qualifications, leaving only Dongwu Securities remaining in the queue [2][3] Group 1: Regulatory Changes - The China Securities Regulatory Commission (CSRC) released new regulations in April, raising the asset requirement for securities firms from 20 billion to 30 billion yuan [5] - The new regulations also introduced a "holding and maintaining license" requirement, which could lead to disqualification if the average monthly custody scale is below 5 billion yuan for 36 consecutive months [5][6] Group 2: Industry Impact - The withdrawal of applications by smaller brokerages is a strategic decision influenced by the increased resource demands for system development, client promotion, and risk control [4][6] - Currently, there are 66 financial institutions with custody qualifications, with a significant concentration among the top firms, as the top five brokerages hold 65.71% of the custody market [7] Group 3: Future Trends - The custody industry is expected to evolve from basic custody services to value-added services such as performance evaluation and compliance monitoring, forming a "custody+" service model [7] - Major brokerages like Citic Securities and Guotai Junan are focusing on expanding their service offerings and enhancing operational efficiency to capture a larger market share [8]
7家券商中6家撤回基金托管申请【导读】7家券商中6家撤回基金托管申请
Zhong Guo Ji Jin Bao·2025-08-20 06:34