The average net commission rate in the securities industry fell to 1.71, with brokerage business becoming the largest source of revenue.

Recently, the Securities Association of China distributed the "Analysis of Securities Companies' Operating Conditions for the First Half of 2026" to brokerages. The analysis shows that in the first half of the year, the industry-wide average net commission rate for securities brokerage fell to 1.71, significantly reducing investors' trading costs; the revenue structure of the securities industry underwent major changes, with brokerage business revenue surpassing proprietary trading revenue to become the largest source of income. As of the end of the first half of the year, foreign shareholdings had increased by nearly 30% compared with the end of the previous year.