(以下内容从东吴证券《证券行业2026年年度投资策略:中长期资金入市,券商分享权益财富管理发展红利》研报附件原文摘录)核心要点2025年证券行业回顾:交投活跃,权益市场大幅上行。1)日均成交量显著提升,两融余额维持高位。2)IPO发行规模触底回升,增发规模同比提升。3)资管新规以来,通道类资管规模持续下滑。集合资管规模占比持续提升,主动管理转型趋势明显,预计券商资管规模有望企稳,业务结构有望优化。...
Source Link(以下内容从东吴证券《证券行业2026年年度投资策略:中长期资金入市,券商分享权益财富管理发展红利》研报附件原文摘录)核心要点2025年证券行业回顾:交投活跃,权益市场大幅上行。1)日均成交量显著提升,两融余额维持高位。2)IPO发行规模触底回升,增发规模同比提升。3)资管新规以来,通道类资管规模持续下滑。集合资管规模占比持续提升,主动管理转型趋势明显,预计券商资管规模有望企稳,业务结构有望优化。...
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