160 new branches of securities companies have been set up and 42 have been withdrawn in this year

 160 new branches of securities companies have been set up and 42 have been withdrawn in this year

However, since this year, the situation that the number of newly established branches has an absolute advantage is changing. The newly established and withdrawn branches of securities companies have launched a tug of war and upgraded again in November. According to the statistics of Securities Daily, since this year, 10 listed securities companies have been approved to set up 160 new branches, including 133 new business departments, 27 new branches and 42 branches cancelled by 12 listed securities companies, mainly in the second half of this year.

In terms of the total number of business departments of listed securities companies, galaxy has 493 business departments, still leading securities companies; Guotai Junan, Anxin securities and CSCI securities business departments have exceeded 300, 347, 333 and 303 respectively.

In terms of the layout of offline and online branches of most listed securities companies, the two hand grasp of business departments and branches is implemented. Guangfa Securities has been approved to set up 19 new business departments and 1 new branch; Haitong Securities has been approved to set up 15 new business departments and 2 new branches; Huaxi Securities has been approved to set up 13 new business departments and 4 new branches. Among them, Founder Securities, Guangfa Securities and Haitong Securities have more than 250 business departments, and West China Securities has more than 100 business departments. In addition, the reporter noted that there are not many new branches approved by listed securities companies in this year.

It is worth mentioning that in this year, Founder Securities was approved to set up 54 new business departments and 8 new branches. According to the data of semi annual report of 2019, Founder Securities currently has 287 business departments. If all these 54 business departments are opened, the total number of business departments of Founder Securities will reach 341, which will exceed that of Haitong Securities, CSCI securities and Anxin securities Volume, jumped to the third place in the industry, following China Galaxy and Guotai Junan.

In fact, Founder Securities has had about 230 sales departments before. Last year, Founder Securities took five years to fully integrate national securities as an investment bank subsidiary, with the shift of personnel rank salary, and the acquisition of 51 business departments of national securities, the total number of business departments increased sharply. In terms of specific time lines, on December 27, 2018, founder securities issued a notice that Hunan Securities Regulatory Bureau approved the company to acquire 51 securities business departments of China national securities in Beijing and other places. On January 29, 2019, Founder Securities announced again that all 51 securities business departments of China national securities have completed industrial and commercial registration and changed to the business departments of Founder Securities.

This year, Founder Securities also made a layout in terms of branches. On July 5, Founder Securities announced that it approved the establishment of one branch in Beijing, Tianjin, Qingdao, Zhejiang, Ningbo, Nanning, Shijiazhuang, Hunan, Changsha and Shenyang.

From the perspective of 54 approved new business departments of Founder Securities, this year Founder Securities plans to set up 2 new business departments in Beijing, 4 new business departments in Shanghai, 7 new business departments in Shenzhen, 11 new business departments in Guangdong, 9 new business departments in Zhejiang, 6 new business departments in Jiangsu and Shandong, 2 new business departments in Anhui, Jiangxi and Hunan Department, Shanxi Province, Hubei Province, Ningxia Hui Autonomous Region each set up a new business department.

For this years rapid expansion of offline territory, Founder Securities said, with the gradual implementation of various strategic initiatives, the improved layout of branches will play a greater role in the overall business progress.

In fact, after the crazy off-line horse race enclosure of securities companies, at present, the speed of the listed securities companies to withdraw their branches has been significantly accelerated, especially since the second half of the year.

According to incomplete statistics by Securities Daily, 13 listed securities firms including Soochow securities, Pacific Securities, Everbright Securities, Northeast Securities, Guohai Securities, Shanxi securities, Hualin securities, Guojin securities, Haitong Securities, Huaan securities, Southwest Securities, Western securities and China Galaxy have been approved to cancel their branches in the year 42. Among them, Hualin securities was successively approved to cancel 9 business departments from June to August, and 3 Jiangsu regional business departments in November. In May and September, Guohai Securities was approved to cancel six business departments. After Northeast Securities was approved to cancel one business department in July, it was approved to cancel seven branches in September. In addition, since August, securities companies have been authorized to close more branches. Among them, Haitong Securities and Pacific Securities all cancelled 2 business departments, Southwest Securities 3 business departments, Everbright Securities, Shanxi securities and Soochow securities 1 business department respectively. At the same time, in mid September, Western securities was successively approved to cancel Nanning and Yunnan branches. Huaan securities has cancelled 2 branches, Guojin securities has cancelled 1 branch and Galaxy China has cancelled 1 branch.

Source: responsible editor of Securities Daily: Yang qian_nf4425