超六成营收破千万！上海地区券商营业网点“暖”了

Core Insights - The Shanghai securities brokerage branches have shown significant growth in trading volume, revenue, and client assets in 2025, with over 60% of branches achieving revenues exceeding 10 million yuan, despite a decline in average commission rates [1][2]. Group 1: Trading Volume and Revenue - By the end of 2025, there were 842 securities brokerage branches in Shanghai, with a total trading volume of 128.19 trillion yuan, representing an 80.4% year-on-year increase [2]. - The trading volume from Shanghai accounted for 30.98% of the national total, an increase of 3.05 percentage points from the previous year [2]. - The total revenue for Shanghai's brokerage branches reached 36.484 billion yuan, a 45.4% increase year-on-year, with 563 branches (65%) surpassing the 10 million yuan revenue mark [2]. Group 2: Client Assets and Accounts - The total client assets in Shanghai's brokerage branches amounted to 15.05 trillion yuan, reflecting a 24.2% year-on-year growth [2]. - The number of client accounts reached 39.35 million, a 9% increase year-on-year, with the highest branch holding 4.01 million accounts [3]. - New client accounts increased by 4.78 million, up 9.4% year-on-year, with the leading branch adding 1.3 million accounts [3]. Group 3: Margin Trading and Commission Rates - The number of margin trading accounts rose to 732,000, a 7.3% increase year-on-year, with a margin trading balance of 332.3 billion yuan, up 49.8% [3]. - The average commission rate for A-shares in Shanghai fell to 0.192‰, a 13.9% decrease from the previous year, breaking the psychological barrier of "ten thousandths" [4]. - Local branches had an average commission rate of 0.249‰, while non-local branches had a lower rate of 0.173‰, indicating a competitive pricing strategy among different institutions [4].