May 2026
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Largest Investment Brokerage Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
CITIC Securities, Guotai Haitong Securities, China Merchants Securities, China Securities and China Galaxy Securities.
 | CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, Margin financing and securities lending, Stock option market-making, and other services. The company has five reportable segments, namely Investment Banking, Brokerage, Trading, Asset Management, and Others. It derives maximum revenue from the Trading segment. | $4 | +7% | $56B | $89B | 8.1x | 15.6x | ||
| Guotai Haitong Securities Co Ltd Formerly Guotai Junan Securities Co Ltd is engaged in providing brokerage services, corporate finance, asset management services, and loans and financing services. Its segments include wealth management, investment banking, institutional and trading, investment management, international business, and other segments. The company derives the majority of its revenue from the institutional and trading segment, which consists of research, institutional brokerage, trading and investment, and equity investment. | $2 | -4% | $37B | $101B | 7.4x | — | ||
| China Merchants Securities Asset Management Co.,Ltd formerly China Merchants Securities Co Ltd is a financial service provider. The company provides services like, investment banking, financial advisory, equity underwriting, assets management, investment advisory, and trading equity securities among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment which generates key revenue engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products. | $2 | +11% | $22B | $51B | 10.3x | 23.9x | ||
| China Securities Co Ltd provides a wide range of financial services in China. The company offers a wide range of services that include financial advisory, sponsoring, underwriting of equity and debt securities, brokerage, and investment advisory services to its individual and corporate clients. China Securities also provides services in margin financing, securities lending, trading of equity, equity-linked products, bonds products, and derivatives. | $3 | -1% | $21B | $52B | 10.3x | — | ||
| China Galaxy Securities Co Ltd is an integrated financial services provider in the Chinese securities industry. It is principally engaged in securities and futures brokerage, institutional sales and investment research, proprietary trading and other securities trading services, margin financing and securities lending, asset management and wealth management, and equity investment management. The company's segments include the wealth management business, investment banking business, institutional business, international business, investment trading business, and other parent-subsidiary integration business. | $2 | -18% | $17B | $42B | 7.7x | 20.8x | ||
| Shenwan Hongyuan Group Co Ltd is an investment holding and securities firm. Its business includes banking, insurance, trust, and leasing while consolidating and expanding the advantages of the original securities business and building on the capital market as support. The company's business mainly focuses on four segments, including enterprise finance, personal finance, institutional services and trading, as well as investment management. Majority of the revenue for the firm gets derived from Institutional services and trading segment. | $1 | -4% | $16B | $42B | 8.6x | — | ||
| Orient Securities Co Ltd is engaged in sales and trading of securities including investment and trading, fixed income investment and trading, financial derivatives trading business, NEEQ market-making business, alternative investment, and securities research services. It engages in alternative investment business through Orient Securities Innovation Investment. The Company has established three business systems, namely, comprehensive wealth management, comprehensive investment banking and comprehensive institutional business, and developed four business segments, namely, wealth and asset management, investment banking and alternative investments, institutions and sales trading, international and other businesses, generating key income from wealth and asset management. | $1 | +5% | $11B | $27B | 7.4x | — | ||
| Founder Securities Co Ltd provides financial services. Its business includes securities brokerage, investment banking, consulting, QFII business, securities underwriting and sponsorship, and fund and asset management. It generates the majority of its revenue from the Wealth Management business segment. | $1 | -6% | $9B | $20B | 12.7x | — | ||
| Cinda Securities Co Ltd offers securities services. It provides securities brokerage; securities investment consulting; financial advisors related to securities trading and securities investment activities; securities underwriting and sponsorship; securities self-operation; securities asset management; margin financing and securities lending and agency sales of financial products. | $3 | +22% | $8B | $15B | 24.5x | — | ||
| China Industrial Securities Co Ltd is engaged in the provision of Securities brokerage, investment banking, asset management, fund management, and securities proprietary trading services. | $1 | +2% | $7B | $19B | 11.1x | — | ||
| Guolian Minsheng Securities Co Ltd is a China-based financial institution. The company's operating segments include Brokerage and wealth management, Credit transactions, Investment banking, Proprietary trading, Asset management and investment, and Other businesses. It generates maximum revenue from the Brokerage and wealth management segment and the Proprietary trading segment. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation. The Proprietary trading segment includes trading in financial products. | $1 | -3% | $7B | $1B | 0.8x | 1.8x | ||
| Changjiang Securities Company Ltd is a financial services company. The company engages in securities brokerage, investment banking, asset management, fixed-income business, fund management, and futures and direct investment. Geographically, the company operates in China. | $1 | +29% | $7B | $14B | 8.8x | — | ||
| Zhongtai Securities Co Ltd is a China-based company mainly engaged in wealth management business. The company operates through eight segments: Asset management business segment, Credit business segment, Futures business segment, International business segment, Investment banking segment, Investment business segment, Wealth management business segment, and Others. It generates the majority of its revenue from the Wealth management business segment. The wealth management business mainly provides securities brokerage services, investment advisory services, product allocation services, and comprehensive financial services. | $1 | -6% | $7B | $16B | 9.4x | — | ||
| Zheshang Securities Co Ltd is a securities brokerage firm. The company offers various services, including securities brokerage, investment banking, asset management, financial adviser services, investment consulting, securities self-operation, and margin trading services. It also engages in the financial futures brokerage business, commodity futures brokerage business, and asset management. It generates the majority of its revenue from the Futures business. | $1 | -8% | $6B | $15B | 11.4x | — | ||
| Dongxing Securities Co Ltd is engaged in securities brokerage, securities investment consulting, financial consulting related to securities trading and securities investment activities, securities underwriting and sponsorship, securities investment fund sales, securities self-operation and securities asset management business, margin financing and securities lending business, and consignment of financial products. | $2 | +33% | $6B | $11B | 16.0x | — | ||
| Capital Securities Corp Ltd is a security company. The company's business scope includes securities brokerage, securities investment consulting, financial advisory related to securities trading and securities investment activities, securities underwriting and sponsorship, securities proprietary trading, securities investment fund sales, securities asset management, margin financing and securities lending, agency sales of financial products, Futures companies provide various financial services such as intermediary introduction business. | $2 | -18% | $6B | $9B | 24.4x | — | ||
| Chinalin Securities Co Ltd is engaged in securities brokerage, securities investment consulting, financial advisers related to securities trading and securities investment activities. | $2 | +14% | $6B | $6B | 25.8x | — | ||
| Soochow Securities Co Ltd is a securities company. Its businesses include securities brokerage, investment banking, securities investing, asset management, fixed-income investing, margin financing, and wealth management. The group also acts as a support system for research consulting, information technology, and risk management, creating a co-development and win-win cooperation future for customers. Geographically, the activities are carried out in China. | $1 | +1% | $6B | $15B | 11.4x | — | ||
| HuaAn Securities Co Ltd is a China-based securities company. It is primarily involved in various business activities such as securities brokerage, securities investment consulting, financial advisory, trading and securities investment, wealth management, investment banking, asset management and direct investment business. Geographically all the activities are carried out through China. | $1 | +36% | $5B | $10B | 13.5x | — | ||
| China Great Wall Securities Co Ltd is a Chinese company that operates in the trading of securities. Its operations include securities brokerage, securities investment consulting, financial advisory related to securities trading and securities investment activities, securities underwriting and sponsorship, securities self-employment, securities asset management, margin financing, securities lending, securities investment fund agency sales, and sales of financial products. | $1 | +12% | $5B | $12B | 17.9x | — | ||
| Tianfeng Securities Co Ltd is a China-based company engaged in securities and futures-related business. Its business scope includes securities brokerage, securities investment consulting, financial advisory services related to securities trading and securities investment activities; securities investment fund agency sales; securities underwriting and sponsorship; securities asset management, securities self-employment; margin financing, and securities lending. | $1 | -10% | $5B | $11B | 26.0x | — | ||
| Hongta Securities Co Ltd offers securities trading services. The company's service include financial advisory service, investment banking, debt financing service, equity financing service, and security trading. | $1 | -12% | $5B | $6B | 18.1x | — | ||
| BOC International China Co Ltd is engaged in Investment banking business, securities brokerage business, asset management business, securities proprietary business, private equity investment business, futures business, and other businesses. It generates the majority of its revenue from the Securities brokerage business. | $2 | +21% | $5B | $8B | 16.3x | — | ||
| Guoyuan Securities Co Ltd is engaged in securities brokerage, securities investment consulting, securities underwriting and sponsoring, securities asset management, and securities trading in China. The company also provides financial services such as research consulting, direct investment, margin financing, funds, futures, trusts, and insurance. | $1 | -3% | $5B | $12B | 13.6x | — | ||
| Western Securities Co Ltd provides securities services. It offers securities brokerage, investment banking, asset management, securities research, and securities financing and margin services, as well as independent services. Geographically, all the activities are carried out through China. | $1 | -6% | $4B | $8B | 9.3x | — | ||
| Nanjing Securities Co Ltd is a securities brokerage company. Its business scope covers securities brokerage, securities underwriting and sponsorship, securities self-employment, securities asset management, credit transactions, over-the-counter markets, financial derivatives, internet finance, and many other fields. | $1 | -9% | $4B | $9B | 21.1x | — | ||
| Southwest Securities Co Ltd is a national securities company. Its business includes securities brokerage, securities underwriting and sponsorship, financial consulting, asset management, and margin financing. Through asset management, the company provides customers with its special and professional asset management services. It generates the majority of its revenue from the Brokerage business. | $1 | -1% | $4B | $8B | 17.3x | — | ||
| The Pacific Securities Co Ltd is a China-based company. It is engaged in the securities business. The company operates its businesses through securities broking, including agency trading of stocks, funds, warrants, and bonds, investment banking. | $1 | -1% | $4B | $4B | 18.1x | — | ||
| Northeast Securities Co Ltd is engaged in securities related business. The company provides securities brokerage services, securities underwriting service, securities research and consulting, margin financing, and others. | $1 | +12% | $3B | $7B | 9.0x | — | ||
| Median | $1 | -1% | $6B | $12B | 11.4x | 18.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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