Brokerage Top Lists See Major Overhaul as Leading Seats Focus on Hard Tech

The top brokerage seats (including branch offices) have undergone a new round of reshuffling. Wind data shows that since the second half of this year, the combined trading volume at the headquarters of Guotai Junan and Haitong Securities has surpassed 100 billion yuan, placing them at the top; branches under Goldman Sachs and UBS have also entered the top four. Meanwhile, the influence of Dongfang Wealth's 'Lhasa Group,' traditionally a stronghold for retail investors, is waning as its highest ranking drops to eighth. Institutional funds are gradually becoming the dominant force in these lists. Based on frequently listed stocks, leading seats are focusing on hard tech sectors such as semiconductors, optical modules, and new energy.