CSI all share investment banking & statistics bureau released the 2023 securities research report on the operation of the securities companies. According to the report, in 2023, the customer commission income of public fund companies (including fund accounts) of securities companies decreased by 10.9% year-on-year. Among them, the total commission income of the top 10 brokerages in terms of commission income accounts for 46.51% of the entire industry, with the industry concentration decreasing by 3 percentage points compared to 2022. The top 10 public fund companies in terms of commission market share, from largest to smallest, are china securities co.,ltd., china securities co.,ltd., GF Securities, Changjiang Securities, China Merchants Securities, gtja, Huatai Securities, Haitong Securities, swhy, and Orient Securities. In addition, the commission income of insurance companies, insurance asset management, QFII, RQFII, and private equity funds decreased by 9.5% compared to 2022.