250 monthly salary? This brokerage issued sky-high year-end awards? Last year's eye-catching business, stock price rose 2.6 times
The Spring Festival is approaching, the taste of the year is getting stronger, and some gossip ideas are rippling again. A few days ago, a media article said that the year-end awards of employees of CITIC Securities would be issued, and most of them ranged from 85 months to 250 months. According to the median calculation, it is not difficult to get 6 million year-end awards.
In response to this rumor, a senior executive of CITIC Securities responded to a Chinese reporter from the securities firm that "the rumor was a show of favor and was clearly inconsistent with the facts. The original article was retracted after being questioned by our company because it was inconsistent with the facts."
Many insiders of CITIC Construction are also baffled by these rumors. "The time is wrong. We don't have a so-called year-end award at all. The bonus is issued in June and July of the following year." As for the specific award amount, there are disparities in different positions, and the overall Judging by rumors, there may be excessive exaggeration.
In addition, in 2016 and even earlier, there were exactly the same rumors circulating in the market. At this time, this "fake news" was spreading again, or it was related to the excellent performance of CITIC Construction Investment Securities' investment banking business in 2019 and the company's stock price hitting record highs. .
The market is now rumored by CITIC Construction Investment's sky-high year-end awards. <br /> As the famous "75 Division" and "99 Division" in the market, for many years, CITIC Construction Securities employees' annual awards are higher than 75% of their peers. The awards are extremely generous, jumping to 99 divisions in one fell swoop, and their salary and year-end awards are higher than 99% of their counterparts.
This is not the case. After the IPO big year in 2019, the overall market situation has picked up. The brokerage year-end awards for the brokerage firm have been gossip, and the focus is on the year-end award of CITIC Construction Investment . Recently, a media article stated that "Now CITIC Construction Investment's year-end awards will be issued. According to insiders, most of the year-end awards are concentrated between 85 months and 250 months, based on a median monthly salary of 40,000 * 150 months. There are not a few who have won more than 6 million year-end awards. "
The reporter asked the staff of the investment bank, brokerage, and other departments of the broker to verify, and they shouted, "Rumors!" "This is the year-end award of someone else." "Good hope is true." "Rumors for several years, Still spreading. "
One reason that can prove that this rumor is distorted is that the year-end award of CITIC Securities is not issued at the end of the year, but in the middle of the following year. In the securities industry, some brokerage companies choose to release the previous year and deferred bonuses in June and July of each year.
Another reason why the rumors can not be credible is that as early as June 2016, the same rumors spread in the field, with the same content.
An executive at CITIC Securities told reporters that the rumor was a show of favor and was clearly inconsistent with the facts. The original article was inconsistent with the facts and has been withdrawn after being questioned by our company.
What was the actual situation of the average salary of 390,000 employees in the previous year?
The deferred mechanism is widely used for the compensation of employees in the securities industry, and CITIC Construction Investment is no exception. Some company employees revealed to reporters that the compensation of CITIC Construction Investment employees is divided into “incentive awards and loyalty awards”. The incentive awards will be distributed in the following year, about one-third or one-half of the year-end awards. The bonus won't be available until three years or more.
For example, the 2018 annual report of CITIC Construction Investment Securities shows that the company's chairman Wang Changqing received a pre-tax remuneration of RMB 3.939 million in that year, and also received a deferred payment of 4 million in 2013.
In the securities industry, the bonuses received by employees in different business sectors will vary greatly. Generally speaking, investment banks are regarded as synonymous with financial elites. Everyone agrees that investment bank employees receive sky-high year-end awards. Many brokerage investment bankers said that it is normal for investment bank employees to receive millions of end-of-year awards during the IPO year. Since last year, the performance of CITIC Securities Investment Bank's investment bank has performed well, and the underwriting income has increased significantly compared with the previous year. It is believed that the year-end bonus of investment bank staff will increase significantly.
However, some employees said, "It depends on the company's annual performance. If the annual performance does not explode, the overall salary and benefits of employees will not increase significantly."
When the listed securities company announced the 2018 annual report, the securities company China had calculated the calculations based on the corporate accounting standards using the formula "Total wages and benefits at the end of the period = Employee payable at the end of the period-Employee payable at the beginning of the period + Employee payable and cash paid to employees" The average salary of a brokerage employee. The average salary of CITIC Construction Investment Securities employees in 2018 was 390,000 yuan, ranking ninth in the industry, which was a slight decrease from the average salary of 400,000 yuan in 2017. Whether the employees of each line are averaged is based on personal feelings.
The 2019 bonus is available in 2019. The Shanghai Composite Index rose from 2440 points to more than 3,000 points, and the highest point during the period reached 3288 points, an overall increase of 23.71% and an amplitude of 34%.
Among the three major A-share indexes, the Shenzhen Stock Exchange Index and the GEM Index are more bullish, with annual increases of 44.08% and 43.79%, respectively, ranking second and third among the major global stock indexes.
According to the data, in the whole year of 2019, 75.46% of the A-shares rose positively, and the median increase or decrease was 15.47%. In other words, more than 70% of the stocks have made money this year, and half of the stocks have risen more than 15%.
As the market improves, it can be predicted that brokerage business, credit business, and even self-operated business will perform better than the previous year.
In terms of investment banking business, in 2019, the entire industry received a total of 14.252 billion yuan in underwriting revenue, an increase of 70% from 8.33 billion yuan in 2018. Among them, CITIC Securities received a total of 1.144 billion yuan in underwriting revenue, ranking second in the industry, an increase of 50% from 742 million yuan in 2018. Among them, the starting income is more than 900 million yuan, ranking among the top three in the industry.
In addition, the stock price of CITIC Construction Investment Securities also rose in a controversial voice, with a year-on-year increase of 263%, reaching a high of 33.22 yuan.
To sum up, the probability of the overall year-end bonus of the employees of CITIC Securities will be higher than that of the previous year, but the specific disclosure of the annual report shall prevail.
□. Zhang. Ting. Ting. Securities. Merchants. China.