招商证券处置5处深圳不动产，挂牌总价约1.48亿元

Core Viewpoint - The trend of securities firms selling non-core real estate assets has become increasingly clear, with companies like China Merchants Securities, Founder Securities, Huaxi Securities, and Hongta Securities actively engaging in asset disposal to focus on their main business operations [2][6]. Group 1: Company Actions - China Merchants Securities has officially listed five properties in Shenzhen for sale, with a total starting price of approximately 148 million yuan, and the listing period ends on March 17, 2026 [2][3]. - The five properties are located in key areas of Shenzhen, with four in Futian District and one in Luohu District, and their individual prices range from 28 million to 30 million yuan [3][4]. - The properties listed include four floors in the Jiahe Huqiang Building and three units in the Bao'an Plaza, with a total area of 3,452.9 square meters previously owned by the company [4][5]. Group 2: Industry Trends - Since 2025, multiple securities firms have been disposing of non-core real estate through various methods, including full sales, piecemeal disposals, and long-term leasing [6][7]. - The most significant real estate disposal in the industry was by Founder Securities, which sold properties worth 730 million yuan to focus on its core business and activate debt assets [6][7]. - The current trend emphasizes the importance of asset activation, with firms aiming to reduce non-financial heavy asset allocations and improve asset turnover by disposing of old office spaces and idle properties [7].