With the disclosure of the 2021 annual report of securities companies, the performance of their asset management companies has also been released, and the layout and playing method of asset management business of securities companies have also surfaced.
multi pronged asset management business
successful public offering transformation
In terms of performance, the revenue and net profit of asset management of Dongzheng ranked first in the industry, and achieved significant growth. In 2021, the operating revenue was 3.747 billion yuan, a year-on-year increase of 30.94%; The net profit was 1.438 billion yuan, a year-on-year increase of 77.55%. Huatai asset management ranked second, with an operating revenue of 2.357 billion yuan in 2021, a year-on-year decrease of 4.51%; The net profit was 1.274 billion yuan, a year-on-year increase of 3.93%. In addition, Guotai Junan Securities Co.Ltd(601211) asset management revenue exceeded 2 billion yuan, Haitong asset management and China Merchants asset management revenue exceeded 1 billion yuan, and the net profits of these three companies and Guangzheng asset management exceeded 600 million yuan.
In terms of total assets, Huatai asset management ranks first, with total assets of 11.281 billion yuan; The total assets of Haitong asset management and Guangfa asset management exceeded 8 billion yuan.
In terms of asset management scale, Huatai asset management ranks first with 518573 billion yuan, investment promotion asset management and Guangfa asset management are also close to 500 billion yuan, Dongzheng asset management, Guangzheng asset management, Guotai Junan Securities Co.Ltd(601211) all exceed 360 billion yuan, and CAITONG asset management exceeds 220 billion yuan. In terms of the year-on-year growth rate of asset management scale, Guangfa asset management and Guangfa asset management increased by 60% year-on-year, the growth rate of Dongzheng asset management and Zhongtai asset management holding public offering license exceeded 20%, and Xingzheng asset management also increased slightly by 4.27%.
Last year was the “first year” of the public offering of asset management of securities companies. Among the 12 asset management companies of securities companies, five have public offering licenses, including Dongzheng asset management, Huatai asset management, Guotai Junan Securities Co.Ltd(601211) asset management, Zheshang asset management and Zhongtai asset management. The scale of public funds is 269622 billion yuan, 73.717 billion yuan, 24.118 billion yuan, 21.133 billion yuan and 17.468 billion yuan respectively.
Among them, Guotai Junan Securities Co.Ltd(601211) annual report shows that 6 new public offering products were issued throughout the year, and the scale of funds raised exceeded 6.5 billion yuan. The products cover multiple categories such as index enhancement, bond type, hybrid type and fof. Last April, Guotai Junan Securities Co.Ltd(601211) asset management received the securities and futures business license renewed by China Securities Regulatory Commission and officially developed the public offering business, which became the first securities firm asset management company approved the public offering business license in more than three years.
In terms of the public offering transformation of large collections, Guotai Junan Securities Co.Ltd(601211) asset management has accumulated 10 large collections for public offering transformation, Haitong asset management has obtained the approval of the CSRC for 12 large collection products, of which 9 products have completed the public offering transformation, Guangzheng asset management has obtained the approval of the regulator for a total of 14 large collection products throughout the year, and Guangfa asset management announced that all large collection products have been rectified.
According to the data, in 2021, the public funds under CAITONG asset management created an investment return of 4.899 billion yuan for the holders, of which the active equity funds created an investment return of 2.505 billion yuan, ranking first in the asset management of securities companies.
In June last year, Zheshang asset management initiated the establishment of the first batch of public REITs for infrastructure in China and the first one in Zhejiang – Hangzhou Huizhou Expressway public REITs fund. In addition, in response to the “double carbon” goal, Huatai asset management launched a multi single carbon neutralization ABS Project to practice green finance.
professional investment and research + professional services
two wheel drive to build core competitiveness
Referring to the future product layout, CAITONG asset management said that the future wealth management needs the diversified allocation ability across asset categories. Therefore, the company actively lays out the troika of “equity + fixed income + innovation”. In terms of equity, it has covered from whole market investment to thematic investment in consumption, science and technology, medicine, new energy and other industries. In addition to the traditional equity and debt investment, it is also actively arranging innovative businesses, including quantification, index, fof, REITs, etc.
Haitong asset management said that the fixed income business has always been one of the core businesses of Haitong asset management. It has made a more comprehensive layout of medium and short-term debt products, medium and long-term debt products and secondary debt based products among public bond products. In the equity investment sector, Haitong asset management has also arranged products focusing on different styles, such as large industrial fields, large consumption fields, index enhancement products, etc.
Dongzheng asset management said that in the face of the historical opportunity of the great development of capital market and the outbreak of residents’ wealth management demand in the next 5-10 years, the company will combine the market environment and its own resource endowment, adhere to building the core competitiveness driven by “professional investment and research + professional service”, and continue to develop around three aspects: first, continue to take investment and research as the core, and strive to build a professional, diversified and highly integrated investment and research integration platform; Second, develop business and expand product matrix around active investment management ability; Third, on the basis of building a professional service system, realize the diversification of funds matching the investment management ability.
Huatai asset management said that it will continue to rely on the resources of the whole business chain, focus on scientific and technological empowerment, lead the reconstruction of the business system and the reengineering of the management process with digital transformation, improve the risk control system throughout the whole business chain, constantly optimize the business layout based on strategic orientation, and build a professional, industrialized and systematic investment and research capacity led by investment research.
China Thailand asset management said that it will continue to adhere to the strategic goal of “taking equity business as the guide and public offering and private placement business go hand in hand”, give full play to the advantages of market-oriented mechanism, accumulate excellent professionals, give full play to its own endowment characteristics, actively look for market opportunities and provide differentiated professional financial services for all kinds of investors.
Xingzheng asset management said that it will continue to take the “fixed income +” business as the core, investment and research capability as the engine, products as the carrier, close to the market and customer needs, continuously improve the customer service level, focus on promoting the issuance and continuous marketing of large-scale public offering products, expand the customer base, expand the product scale, and build and enrich a multi-level, three-dimensional and future oriented product line.
