[신한금융 리딩 자본공식]② 신한증권 약진… 비은행 '방파제' 다진다

Shinhan Securities' achievement of superior profitability with lower risk exposure compared to competitors reveals a critical capital allocation strategy for financial holding companies. The pivot from volatile market-dependent returns to stable, fee-based revenue streams (wealth management, investment banking, retirement services) demonstrates the industry's shift toward sustainable, resilience-focused business models.