On January 21, according to the official website of the CSRC, Huatai Securities Co.Ltd(601688) (Shanghai) Asset Management Co., Ltd. (hereinafter referred to as Huatai Securities Co.Ltd(601688) asset management) has received the application materials for the change of registration of its product "Huatai Zijin currency profit increasing money market fund" (hereinafter referred to as "currency profit increasing"). On the same day, Huatai Securities Co.Ltd(601688) asset management issued an announcement on convening the general meeting of unit holders of Huatai Zijin change treasure money market fund (hereinafter referred to as change treasure), its public fund product. The meeting will consider the proposal on matters related to the termination of Huatai Zijin change treasure money market fund contract.
The change treasure fund contract shows that the change treasure is a money market fund valued by the amortized cost method. Huatai Securities Co.Ltd(601688) asset management started the liquidation of change treasure at the same time as submitting the application for change registration of currency profit increase. "The liquidation of change treasure and the change registration of increasing profits by currency are carried out at the same time, mainly for the consideration of combing and optimizing the public offering product line. In the future, we will actively reduce the number of homogeneous products and provide better services for customers." Introduction of relevant person in charge of asset management.
Insiders pointed out that after the full implementation of the new regulations on asset management, securities companies with public fund licenses will have a greater competitive advantage.
It is understood that the currency profit increase is the last original large collection public offering product reported by Huatai Securities Co.Ltd(601688) asset management. If the transformation can be successfully completed, it marks that the head securities firm's asset management public offering transformation is moving towards a new stage.
After years of development, cash management products have become the basic tool for securities companies to serve third-party depository customers, and play an important role in stabilizing customers' transaction settlement funds. Benefiting from the strong brokerage business and wealth management advantages of Huatai Securities Co.Ltd(601688) group, Huatai Securities Co.Ltd(601688) asset management can lead the industry in the scale and yield of cash management products. Previously, Huatai Securities Co.Ltd(601688) Huatai Zijin, a key cash management product of asset management, successfully turned into a public offering fund in the daily currency collection asset management plan. The fund was the largest original large-scale collection product in the securities industry at that time, marking the official opening of the public offering wave of margin products of securities companies.
