Average Net Commission Rate for Brokerages Drops to 1.71 per Ten Thousand; Brokerage Business Becomes Top Revenue Source

Recently, the Securities Association of China (SAC) issued 'Operating Situation Analysis Report for the First Half of 2026' to brokerages. The report shows that in the first half of the year, the industry-wide average net commission rate for agency securities trading fell to 1.71 per ten thousand, significantly reducing investor transaction costs. The brokerage industry's revenue structure has undergone a major shift, with brokerage income surpassing proprietary trading income to become the largest source of revenue. As of the end of the first half of the year, foreign holdings increased by nearly 30% compared to the end of last year.