大曝光！上市券商薪酬“涨了”

Core Viewpoint - The total compensation for listed securities firms in China has significantly increased in the first half of 2025, with nearly 90% of firms reporting a year-on-year rise in total compensation [2][4]. Summary by Sections Total Compensation Growth - In the first half of 2025, the total compensation for 39 comparable listed securities firms reached 777.15 billion yuan, marking an 18.19% increase from 657.54 billion yuan in the same period of 2024 [4]. - Notably, the data excludes firms like Guotai Junan and Guolian Minsheng due to significant changes from mergers, making direct comparisons challenging [4]. Leading Firms - CITIC Securities, as the leading firm, reported a total compensation of 111.23 billion yuan, which is a 13.58% increase compared to the previous year [5]. - Several firms, including Huaxi Securities, Hu'an Securities, and others, saw their total compensation rise by over 30% [6]. Declining Firms - Conversely, CITIC Jiantou Securities experienced a decline in total compensation by 14.39%, along with other firms like Zhongyuan Securities and Northeast Securities, which also reported decreases [6]. Employee Average Compensation - The average employee compensation across the securities firms has also rebounded, with 34 out of 39 firms reporting a year-on-year increase [11]. - CITIC Securities leads with an average employee compensation of 415,300 yuan, reflecting a 13.75% increase from the previous year [12]. Notable Increases and Decreases - Other firms such as CICC and Shenwan Hongyuan also reported average compensations exceeding 300,000 yuan, with significant increases noted in Huaxi Securities and Guohai Securities, both exceeding 40% [13]. - However, firms like CITIC Jiantou and Changcheng Securities saw declines in average employee compensation [13].