China Merchants Securities plans to sell five properties in Shenzhen for 148 million yuan, as brokerages accelerate creative ways to activate existing assets!

February 25 — According to the official website of the Shanghai United Assets and Equity Exchange, China Merchants Securities is currently listing five properties in Shenzhen for sale, with a total asking price of approximately 148 million yuan. Notably, some of these properties were purchased in the 1990s. In the context of China Merchants Securities’ expected net profit of 12.3 billion yuan in 2025, this transaction has a limited impact on the company’s overall performance. Industry insiders point out that this move aims to activate existing assets and is a normal business operation.

Since 2025, many securities firms, including Hongta Securities, Huaxi Securities, and Founder Securities, have been actively disposing of or leasing their properties, with some properties showing appreciation rates of up to 802.17%. The trend of securities firms accelerating the divestment of old properties and revitalizing idle assets is becoming increasingly evident.

China Merchants Securities Bulk Disposal of Old Properties

According to the Shanghai United Assets and Equity Exchange, China Merchants Securities is selling five properties in Shenzhen, with a total asking price of about 148 million yuan. The listings are active from February 11, 2026, to March 17, 2026, and all five properties are located in Shenzhen.

First, the properties related to Bao’an Square on Sunggong East Road in Luohu District, Shenzhen. Specifically, the listed assets are Buildings ABC of Bao’an Square, units 2-B, 2-C, and 2-D, with a total minimum transfer price set at 28.1394 million yuan.

Second, the assets of Jihe Huaguang Tower in Futian District, Shenzhen. This larger property includes the 8th, 9th, 10th, and 11th floors of Jihe Huaguang Tower A. The listing shows that each of these four floors has a transfer minimum price of 29.9851 million yuan.

Further investigation reveals that these properties are older, with a long history. Particularly, the Jihe Huaguang Tower in Futian District was purchased in 1997, and the property rights were originally registered to Guotong Securities Co., Ltd., the predecessor of China Merchants Securities, not the current company. After nearly 30 years, these old assets from the early development of the securities firm are finally being sold on the property rights exchange market.

Regarding the 148 million yuan sale of properties by China Merchants Securities, market attention naturally focuses on its impact on the company’s finances. However, recent performance data shows that this amount has a minimal effect on overall profits. On January 27, 2026, China Merchants Securities announced its 2025 performance forecast, expecting total operating revenue of 24.9 billion yuan and net profit attributable to shareholders of the parent company of 12.3 billion yuan, representing year-over-year increases of 19.19% and 18.43%, respectively. Given the company’s large net profit scale, this property sale contributes little to its overall performance.

Securities Firms Innovatively Revitalize Idle Properties

If not to ease performance pressure or “beautify” financial statements, why are securities firms selling properties now? Industry insiders analyze that the properties China Merchants Securities is listing have characteristics such as being built long ago and being surrounded by residential areas. Against the backdrop of profound changes in the macro real estate market, actively divesting and disposing of old assets aims to activate existing resources and is a normal business adjustment.

Data shows that divesting non-core assets and revitalizing existing ones has become a common consensus in the securities industry. Since 2025, many firms, including Hongta Securities, Huaxi Securities, and Founder Securities, have been selling properties.

For example, on February 12, 2026, Hongta Securities announced that its board had approved the disposal of some properties through listing on the property rights exchange. The properties were listed on the Beijing Property Rights Exchange with a total asking price of 263 million yuan, with an appreciation rate of 802.17%. Hongta Securities stated that this asset disposal would help activate idle assets and improve asset management efficiency.

In addition to direct listings, some firms are exploring diversified ways to revitalize assets. On August 28, 2025, Huaxi Securities announced that its board approved the disposal of property in Zhuozhou, Hebei, becoming another securities firm involved in property disposal. Moreover, Huaxi Securities has also leased out its headquarters office building B zone since July 3, 2025, with a lease term of 12 years and total rent of 359 million yuan, achieving stable income from property assets.

Furthermore, disposing of legacy distressed assets is also a motivation for securities firms to sell properties. On February 17, 2025, Founder Securities announced that its wholly owned subsidiary, Founder Underwriting and Sponsoring, successfully sold the Zhengzhou Yuda International Trade Building, with a total transaction price of 730 million yuan. The building was acquired through court rulings at the end of 2021.

Daily Economic News