Morgan Stanley-China – Brokers Rebalancing fundraising with shareholder re...-109961704
2024-08资本市场61免费
报告维度
- 📄 文件全名
- 《Morgan Stanley-China – Brokers Rebalancing fundraising with shareholder re...-109961704.pdf》
- 🎯 适合读者
- 投资人行业研究员
- 📊 核心数据
- recovery. We project a rise to 8.1% in 2025, with a potential return to double digits if
- • The industry's revenue fell 21% in 2022 and was stagnant in 2023. Our covered Ashare brokers' revenue fell another 22% yoy in 1Q24.
- • Average ROE of our covered A-share brokers declined to 7% in 2023 from 11.9% in
- ROE fell from ~20% in 2015 to 5.8% in 2018 as the leverage-driven bull
- 🏷️ 核心议题
- #IPO