黄燕铭：券商研究应通过打造影响力促成交易

Core Insights - The 2025 Analyst Conference has commenced, gathering top analysts, fund managers, and scholars to explore investment opportunities amidst market cycles [1] - Huang Yanming emphasized the evolving role of securities analysts, shifting from merely addressing information asymmetry to revealing corporate value and enhancing market efficiency [3][4] Group 1: Industry Transformation - The KPI for securities analysts has evolved from publishing articles to focusing on awards, rankings, and transaction facilitation [4][5] - The decline in information asymmetry due to the internet has diminished the reliance on information advantage, prompting analysts to focus on revealing corporate value and improving market efficiency [6][7] Group 2: Mission and Responsibilities - Analysts are now tasked with aligning their work with national strategies and contributing to high-quality economic development, maximizing benefits for the nation, companies, and individuals [4][6] - The core mission of analysts has shifted towards using research to create influence and facilitate various trading activities within brokerage firms [8][9] Group 3: Future Directions - Brokerage research is expected to transform into a comprehensive model that includes think tank research, securities research, and wealth research [9][10] - The future of brokerage research will involve multi-asset allocation studies, catering to diverse client needs and expanding beyond traditional product offerings [9][10]