The reporter learned from the industry that there is a difference in the level of execution of the industry when it comes to the removal of agents. Some local bureaus emphasize standardizing the eviction process, but there is no uniform schedule. Subsequent supervisory authorities will verify the regularity of the eviction process. It is worth noting that the supervisory authorities conveyed to the industry as early as 2023 that they should follow the direction of wealth management transformation and gradually reduce the pressure and clear the broker stock. The changes at the data level are already very obvious. Since 2025, the number of securities brokers in the brokerage industry has been reduced by nearly 12,000. According to public data, by the end of 2025, the number of securities brokers in the entire industry was 22,400; by the end of the first half of 2026, the number dropped to about 17,500. In the first half of the year alone, there was a decrease of about 5,674, a drop of more than 20%.

The reporter learned from the industry that there is a difference in the level of execution of the industry when it comes to the removal of agents. Some local bureaus emphasize standardizing the eviction process, but there is no uniform schedule. Subsequent supervisory authorities will verify the regularity of the eviction process. It is worth noting that the supervisory authorities conveyed to the industry as early as 2023 that they should follow the direction of wealth management transformation and gradually reduce the pressure and clear the broker stock. The changes at the data level are already very obvious. Since 2025, the number of securities brokers in the brokerage industry has been reduced by nearly 12,000. According to public data, by the end of 2025, the number of securities brokers in the entire industry was 22,400; by the end of the first half of 2026, the number dropped to about 17,500. In the first half of the year alone, the number decreased by about 5,674, or more than 20%.