发力创新业务 海通赴港上市提速（Force innovative business Haitong listed in Hong Kong Speed）.docVIP

发力创新业务 海通赴港上市提速（Force innovative business Haitong listed in Hong Kong Speed） Its time to harvest again. 15 listed brokers 2010 annual report, the total net profit of more than 34 billion 500 million yuan, although the total amount of net profit is considerable, but as high as 13 brokerages profit growth was negative. Brokerage business decline, or net profit fell the biggest reason. In fact, in the Commission war, the broker is constantly seeking restructuring, innovative business, but so far can not change the brokerage business in the revenue accounted for half of the country. Among them, Haitong Securities (600837.SH) in the brokerage profits chart to 3 billion 686 million yuan in the top five. However, despite all the business ranks in the forefront, but in 2010, the parent companys net profit growth of -22%, and its brokerage business decline is still dragged down the performance. However, Haitong Securities in investment banking, information management and self-management performance is not inferior. Coupled with the development of direct investment, margin financing and other innovative businesses, transformation of the road is still in progress. Selective H-share listing in Hong Kong accelerated both internationalization and liquidity. But in the face of investors listed only for shareholders and capital utilization rate is not high question , and Haitong Securities will be how to face? Brokerage business fell sharply The report shows that in 2010, Haitong Securities revenue was 9 billion 770 million yuan, net profit of 3 billion 690 million yuan, down 1.7% and 19%, respectively. Among them, the brokerage income of 48 million 640 thousand yuan, down 22%; net commission rate of 0.108%, down 21%. There is no doubt that the brokerage business has fallen into the biggest killer. However, Guotai Junan Securities brokerage industry analyst Liang Jing told times weekly reporter, brokerage business as a whole fell 23% in 2010, so Haitong Securities decline is normal