As the 2026 semi-annual results disclosure season of listed brokerage firms approaches, a number of listed brokers' chairmen spoke out and proposed the introduction of a mid-term dividend plan. Meanwhile, the 2025 annual dividend has entered the payout implementation window. Since July, 18 listed brokerage firms have issued equity distribution implementation announcements. “In previous years, there were few cases where the chairman directly proposed dividends in the industry; most of them were disclosed by the board of directors of the company uniformly issued plans.” Wang Pengbo, a senior financial industry analyst at Broadcom Consulting, said in an interview with reporters that the essence of this phenomenon is that the regulatory authorities continue to push for the implementation of policy requirements for normalized dividends for listed companies in the securities industry. It also reflects that listed brokers' profits, undistributed profits and sufficient cash reserves in the first half of the year, and that capital levels can cover shareholders' dividends and business development needs at the same time.

As the 2026 semi-annual results disclosure season of listed brokerage firms approaches, a number of listed brokers' chairmen spoke out and proposed the introduction of a mid-term dividend plan. Meanwhile, the 2025 annual dividend has entered the payout implementation window. Since July, 18 listed brokerage firms have issued equity distribution implementation announcements. “In previous years, there were few cases where the chairman directly proposed dividends in the industry; most of them were disclosed by the board of directors of the company uniformly issued plans.” Wang Pengbo, a senior financial industry analyst at Broadcom Consulting, said in an interview with reporters that the essence of this phenomenon is that the regulatory authorities continue to push for the implementation of policy requirements for normalized dividends for listed companies in the securities industry. It also reflects that listed brokers' profits, undistributed profits and sufficient cash reserves in the first half of the year, and that capital levels can cover shareholders' dividends and business development needs at the same time.