Sinolink Securities Co.Ltd(600109) : firm transformation to wealth management business

After hours on March 17, Sinolink Securities Co.Ltd(600109) released the announcement on the investigation of reception institutions, saying that the company firmly transformed to the direction of wealth management business and achieved preliminary results in the transformation of wealth management. The company’s wealth management business takes “gathering, coordination and efficiency” as the overall policy, increases investment in the construction of attack team and it and business platform, and establishes a hierarchical management mechanism of business unit and business line; Upgrade and form a new business model of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integration, enrich and improve the process flow of product line, form a diversified product system with national gold characteristics, and provide closed-loop services for the whole life cycle of high net worth customers’ wealth.

In addition, Sinolink Securities Co.Ltd(600109) said that with the help of financial technology and digital finance, Wuxi Online Offline Communication Information Technology Co.Ltd(300959) worked together to gather resources and improve delivery efficiency, and promoted platform + manual and precision marketing strategies. While steadily operating all kinds of daily businesses, we will focus on the pilot preparations for new businesses and fund investment consulting business, and improve the investor protection system.

According to the semi annual report of 2021, Sinolink Securities Co.Ltd(600109) wealth management business customers increased by 10% over the end of the previous year, wealth management business personal customer assets increased by 13% over the end of the previous year, and the number of customers and customer asset AUM maintained stable growth; At the end of the reporting period, the sales volume of equity products increased significantly, an increase of 130% over the same period of last year, and the ownership of equity products reached a record high, an increase of 33% over the end of last year.

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