东吴非银 券商WorkBuddy共建金融Agent新生态

发布时间：2026-09-03 一、AI总结内容 一、核心要点 1. 券商AI布局处于从demo向真实生产力切换的关键期，中报显示20余家券商披露数字化进展，国泰海通上线超1300个智能体、中信数字员工扩展至24个等 2. WorkBuddy等金融Agent合作目前以头部券商为主，东方财富、同花顺覆盖场景和使用量领先，国泰海通、银河等推出技能（SKILL），中小券商仍处试水阶段3. 合作模式分两类：多数为渠道引流（回流用户至券商APP），少数涉及MCP接口授权，目前尚未见大规模付费或联合运营的情况4. C端用户使用量较低，券商零售客户年龄结构与AI工具使用者年轻化不匹配，头部券商SKILL下载量仅为千级，多数用户尝试后未深度使用5. 券商AI落地有明确分层：经济业务、研究所先落地（容错率高），资管、风控等业务线落地节奏慢（容错率要求高），目前暂无产品能测算AI的ROI6. 技术路径分三类：头部券商以自研或开源模型私有化部署（如DeepSeek）为主，中小券商侧重合作采购，新兴AI厂商（阿尔法派、丹蒂斯）聚焦细分场景7. 金融科技厂商分化：老牌厂商（恒生、同花顺、万得）转型慢，面临数据服务毛利率下滑困境，新兴AI厂商（阿尔法派等）更适配AI原生组织范式8. 监管对券商AI持观察态度，最快明年或出台相关文件，目前落地最大瓶颈是数据质量，其次是组织机制和业务流程适配9. WorkBuddy等Agent平台是券商合作方而非威胁，会冲击传统SARS式金融科技服务，券商AI投入中数据治理投入会显著增长，传统开发投入缩减 二、音频原文（转写） 欢迎接入金门财经电话会议系统，请输入参会密码，并以井号键结束。你已成功加入会议。THANKS FOR YOUR PARTICIPATION。THE MEETING IS READY TO START。 PLEASE REMAIN ON THE LINE。嗯。感谢大家参加本次会议，会议即将开始，请稍后。THANKS FOR YOUR PARTICIPATION。 THE MEETING IS READY TO START。PLEASE REMAIN ON THE LINE。感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 感谢大家参加本次会议，会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 感谢大家参加本次会议。 会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。 会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。嗯。 感谢大家参加本次会议。会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。 你。感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 我一定。 感谢大家参加本次会议，会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 我一定记得。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。你。感谢大家参加本次会议。 会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。你。 感谢大家参加本次会议。会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。 嗯。我并不。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。嗯嗯。感谢大家参加本次会议。 会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。嗯。 感谢大家参加本次会议。会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。 感谢大家参加本次会议。会议即将开始。请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。 嗯。感谢大家参加本次会议，会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 感谢大家参加本次会议，会议即将开始，请稍后。THANKS FOR YOUR PARTICIPATION。 THE MEETING IS READY TO START。PLEASE REMAIN ON THE LINE。你。感谢大家参加本次会议，会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。会议即将开始。请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。嗯。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation.The meeting is ready to start. Please remain onthe line. 感谢大家参加本次会议。 会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 感谢大家参加本次会议，会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。会议即将开始。请稍后。 Thanks. for your participation The meeting is ready to start. Please remain on the line. 嗯。嗯。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议，会议即将开始，请稍后。THANKS FOR YOUR PARTICIPATION。 THE MEETING IS READY TO START。PLEASE REMAIN ON THE LINE。感谢大家参加本次会议，会议即将开始，请稍后。THANKS FOR YOUR PARTICIPATION。 THE MEETING IS READY TO START。PLEASE REMAIN ON THE LINE。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。嗯。感谢大家参加本次会议。 会议即将开始 请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 嗯。感谢大家参加本次会议。会议即将开始。 请稍后。Thanks for your participation. The meeting is ready. 大家好，欢迎参加东吴非银团队券商成work body共建金融agent新生态电话会议。目前所有参会者均处于静音状态，下面开始播报声明。东吴证券研究所提醒您，本次电话会议及面向机构投资者或受邀客户第三方专家发言内容仅代表其个人观点，所有信息或所表述的意见均不构成对具体证券在 具体价位、具体时点、具体市场表现的判断或投资建议，未经合法授权，严禁录音、转发及相关解读。 涉嫌违反上述情形的，我们将保留追究法律责任的权利。感谢您给予的理解和配合，谢谢。啊，各位领导，大家下午好，我是东吴飞营的啊，金融分析师，非东吴飞营的金融分析师武新书，然后非常感谢。啊，大家今天参加这个专家交流，然后我想先说说为什么我们会组织这个时间点的一个电话会议。 那最近其实券商AI这条线可以说信息量非常的爆炸。中报季的话，其实有二十多家券商披露了。啊，集中披露了这个数字化的一个进展。呃，那我们也能看到，就是国泰海通累计是上线了智能体。 啊，有一千三百一十四个，然后skills是有。一百零四个 中信证券的话，其实数字员工是扩展到了二十四个啊。华泰的话是把这个skill和M C P。集合 接近到了整个机构平台的一个。 呃，应用起来了。那广发的话，其实也是发布了。这个易淘金的一个AI原生版的AI透镜 那与此同时的话，