Another wholly-owned fund company of securities companies was born!
On February 10, China Securities Co.Ltd(601066) securities announced that China Securities Co.Ltd(601066) fund has completed the industrial and commercial registration of equity change. The shareholding ratio of China Securities Co.Ltd(601066) was increased to 100%, and the increased 25% equity was transferred by the original shareholder Aerospace Hi-Tech Holding Group Co.Ltd(000901) Finance Co., Ltd. So far, the public offering of 100% shareholding of securities companies has increased to 13.
According to the announcement, on August 26, 2021, China Securities Co.Ltd(601066) securities convened the board of directors, agreed to the company’s transfer of part of the equity of the holding subsidiary China Securities Co.Ltd(601066) fund, and authorized the company’s operation and management to handle specific matters related to equity transfer. Subsequently, the CSRC issued the reply on Approving the change of equity of China Securities Co.Ltd(601066) Fund Management Co., Ltd., and approved Aerospace Hi-Tech Holding Group Co.Ltd(000901) Finance Co., Ltd. to transfer 25% of its equity of China Securities Co.Ltd(601066) fund to the company.
In 2013, China Securities Co.Ltd(601066) fund was established with a registered capital of 300 million yuan, China Securities Co.Ltd(601066) securities held 55% of the shares, Jiangsu Guangchuan Broadcasting Co., Ltd. held 20% of the shares, and Aerospace Hi-Tech Holding Group Co.Ltd(000901) Finance Co., Ltd. held 25% of the shares.
After two equity changes, the China Securities Co.Ltd(601066) securities finally achieved full control.
In April 2021, the CSRC approved Jiangsu Guangchuan Broadcasting Media Co., Ltd. to transfer 20% of its equity of China Securities Co.Ltd(601066) fund to China Securities Co.Ltd(601066) securities. After the equity transfer, the shareholding ratio of China Securities Co.Ltd(601066) securities to China Securities Co.Ltd(601066) fund will increase from 55% to 75%.
In January this year, the CSRC approved Aerospace Hi-Tech Holding Group Co.Ltd(000901) Finance Co., Ltd. to transfer 25% of its equity of China Securities Co.Ltd(601066) fund to China Securities Co.Ltd(601066) securities. After the equity transfer, the shareholding ratio of China Securities Co.Ltd(601066) securities to China Securities Co.Ltd(601066) fund will increase from 75% to 100%.
As the transferee of equity, China Securities Co.Ltd(601066) securities was established in November 2005. It is a large national comprehensive securities company approved by the China Securities Regulatory Commission, with a total market value of 209.12 billion. It is a well deserved Big Mac.
However, compared with the leading position of the parent company in the industry, China Securities Co.Ltd(601066) fund is somewhat weak.
By the end of 2021, China Securities Co.Ltd(601066) fund asset management scale reached 48.288 billion yuan, which is at the middle level in the industry. Among them, the non monetary scale is 31.731 billion yuan, bond funds account for the largest proportion, reaching 20.117 billion yuan, and stock products only reach 717 million yuan.
Jin Qiang, general manager of China Securities Co.Ltd(601066) fund, said that in the new year, the company has defined three key tasks: first, refine the channels of major shareholders and key banks, open up 2-3 new investment tracks to enhance the investment competitiveness of the industry, and continue to increase human and system investment for the quantitative investment team with outstanding performance last year; Second, the company will also expand the special account business team and strengthen cooperation with financial management subsidiaries. It is expected that the scale will increase by leaps and bounds compared with 2021; Third, we will continue to strengthen the exploration of innovative business models of e-commerce and strive to maintain a growth rate of 50% in the scale of e-commerce.
With the increasing maturity of the company’s core investment business and fund research team, we will vigorously enhance the company’s {6016} fund business; Improve their own research strength, form strong support for investment, gradually expand the investment and research track, strengthen the investment in equity, instrument and fixed income products, and constantly improve their investment and research ability.
Insiders believe that securities companies actively make efforts to raise funds and increase control over fund companies, which is conducive to the development of securities companies’ asset management business, as well as the company’s development of new businesses and improvement of profit growth points. Moreover, in terms of business coordination, the resource endowments between securities companies and public offerings can complement each other. Securities companies can provide sales channels for funds, and funds are also conducive to the development of wealth management business.
