Jin Rong Jie·2026-01-08 11:59Core Insights - The securities industry is undergoing a significant structural transformation in its workforce, with total employment dropping to 328,900 by the end of 2025, a decrease of nearly 7,800 from the previous year [1] - Despite the overall reduction in workforce, key positions such as investment advisors and securities analysts are experiencing growth, indicating a shift in focus from traditional channel and investment banking services to wealth management and research-driven pricing capabilities [1] Group 1: Employment Trends - The total number of employees in the securities industry has fluctuated between 320,000 and 360,000 since 2017, with the current figures suggesting a new round of contraction [1] - Investment advisors have increased to 86,100, while the number of securities analysts has reached a record high of 6,056 [1] - Conversely, the number of sponsor representatives has declined for the first time in eight years, highlighting a shift in business focus [1] Group 2: Performance of Listed Securities Firms - Among 41 listed securities firms, 37 have expanded their investment advisor teams, with a total net increase of 5,815 investment advisors across the industry [1] - Notable increases in investment advisor numbers include Guotai Junan with a net gain of 2,192, Huatai Securities with 431, and CITIC Securities with 388 [2] - The analyst positions also saw growth, with 26 listed firms increasing their analyst headcount, resulting in a total net increase of 479 analysts [3]