The Brokerage business is undergoing a new round of transformation. Recently, several brokerages have announced the closure of their related business departments. According to incomplete statistics from reporters, in the past two weeks, multiple brokerages such as Nanjing Securities, Guosen, and The Pacific have announced the "streamlining" of their business departments. Over the year, more than 35 brokerages have issued announcements regarding "reducing staff" at hundreds of business departments. Industry insiders point out that the traditional offline outlet business expansion model is increasingly showing its drawbacks, with high cost pressures; meanwhile, more and more clients are relying on online trading and mobile terminal trading, making the streamlining of business departments necessary for cost reduction and efficiency enhancement. Future competition will rely more on differentiated financial management and trading services. (KE Holdings)