证券投资咨询牌照存量较少,新增停滞,具有稀缺性。截至2025 年4月,证监会披露的全国证券投资咨询持牌机构仅78 家,且近年来监管未新增审批,同时对行业监管严格,行业淘汰赛仍在持续。我们认为,在监管趋严的态势之下,能够做到在严守合规红线的前提下,满足越来越多投资者对于专业投资咨询服务日益上涨需求的公司将有望跑出,且具备持续性。公司是国内在线高端投教服务领军企业。九方智投控股是首批获得中国证监会颁发...
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