More than a hundred securities firms have been closed in Hong Kong for three years

Affected by factors such as the weak performance of the Hong Kong stock market, more than 100 securities companies in Hong Kong have stopped operating in the past three years.

On Wednesday (December 27), it was reported that the Hong Kong securities firm's operating environment continued to have difficulty in the weakness of Hong Kong stocks and the quiet transactions.Following last year, 47 brokerage firms stopped business and broke the records over the years, and 32 brokers have stopped business since the beginning of the year.

The report quoted Li Weihong, a member of the Legislative Council of the Financial Services Community, said that in the past three years, more than 100 brokers have stopped business.He expects that the business environment of Hong Kong brokerage companies in the first half of next year is still full of challenges, and believes that Hong Kong brokers need to upgrade and transform, discover new opportunities, and cannot rely on single products.

Li Weihong also said that in the downturn, if small and medium -sized brokers cannot support it alone, they can consider the acquisition and merger, because there will be more synergistic effects.

The average 11th month of the first 11 months of Hong Kong stocks sold only 105.6 billion Hong Kong dollars (the same below, about S $ 17.892 billion), which fell more than 10 % year -on -year.

Gao Jian, chairman of the Hong Kong Securities Association, pointed out that the tide of the Hong Kong securities firms will not suddenly improve, and it is said that "it is good to not deteriorate."

It is described in the industry that this wave of graduation has always been the most serious, because even if the situation is worse in the past, it will not last for up to three years.

According to the Securities Daily, Zheng Zhigang, a professor of finance at the School of Finance of the School of Finance and Finance of Renmin University of China, said in an interview that the total market transaction volume and the intensified industry competition have caused many small and medium -sized securities firms in Hong Kong to shut down.It may cause further improvement of the industry concentration.

Zheng Zhigang predicts that after the customer concentrates to the head brokers, the service commission and bargaining ability of large brokers will be further improved, and small and medium -sized brokers will face more fierce competition in the future.