A line of big securities companies to move! The 2.5 billion registration fee is going to do this

category:Finance
 A line of big securities companies to move! The 2.5 billion registration fee is going to do this


According to incomplete statistics of the reporter and the asset management companies to be established by Shenwan Hongyuan, the number of asset management companies set up by securities companies (including those to be established) has increased to 20.

Shenwan Hongyuan plans to set up a wholly-owned subsidiary company

On the evening of October 21, Shenwan Hongyuan securities announced that in order to ensure the implementation of the companys strategy, optimize the income structure and promote the transformation and development of asset management business, the company plans to establish a wholly-owned asset management subsidiary - Shenwan Hongyuan securities (Shanghai) Asset Management Co., Ltd. (hereinafter referred to as Shenwan Hongyuan asset management) (the name approved by the industrial and commercial department shall prevail).

From the basic situation of Shenwan Hongyuan asset management, the company is registered in Shanghai with a registered capital of 2.5 billion yuan, which is provided by the self owned funds of Shenwan Hongyuan securities. It is worth noting that the registered capital of RMB 2.5 billion ranks the second among the securities companies that have been established, second only to Huatai asset managements registered capital of RMB 2.6 billion.

It is understood that the business scope of Shenwan Hongyuan asset management is securities asset management business (the specific business scope is subject to the approval of the regulatory authority and the registration authority). In addition, the securities asset management business of Shenwan Hongyuan Securities headquarters is inherited by the asset management company, and Shenwan Hongyuan Securities headquarters is no longer engaged in securities asset management business.

Shenwan Hongyuan Securities said that the establishment of an asset management subsidiary is conducive to focusing on active management, improving market competitiveness, further improving business operation efficiency, giving full play to the collaborative advantages of the companys asset management business, broadening the depth and breadth of business development, and improving customer service ability.

The average monthly scale and active management scale are among the top ten

The proportion of active management scale is less than 30%

According to the semi annual report of Shenwan Hongyuan securities, in the first half of this year, the companys asset management business realized a net income of 623 million yuan, a year-on-year increase of 10.68%.

According to the statistics of asset management business in the second quarter of 2020 released by the China Association for the promotion of financial services on August 10, 2020, the average monthly asset management scale of Shenwan Hongyuan securities reached 475.891 billion yuan, ranking sixth, and the monthly average active management scale also ranked in the top ten, reaching 124.135 billion yuan, ranking ninth.

It is worth noting that by the end of the second quarter, the active management scale of Shenwan Hongyuan securities asset management business accounted for 27% of the total scale, and less than 30% of the total scale of the company was still at a low level.

However, although the scale of active management is relatively low, the income brought by active management to asset management business is considerable.

According to the annual report of Shenwan Hongyuan in 2019, in 2019, the companys asset management business focused on the professional reform and the improvement of active management ability, continuously accelerated the system construction, improved the investment and research capacity and strengthened the internal coordination, and further optimized the revenue structure. The revenue from active management business accounted for 86%, an increase of 11% over the previous year.

As a matter of fact, as early as the first half of this year, Shenwan Hongyuans plan for asset management business had begun to take shape. At the end of May this year, the WeChat public official account of Shen Wan Hongyuan securities asset management division claimed to be new chapter.

At that time, Shenwan Hongyuan asset management business department said that it was vigorously promoting the standardized asset management business, striving to build the main brand of full asset featured business and Multi Strategy boutique, firmly grasped the key point of products, constantly strengthened the basic product map, followed the needle tip strategy, and insisted on focusing, labeling, brand promotion and scale-up in the product system construction.

It is understood that at present, Shenwan Hongyuans asset management business covers fixed income investment, equity investment, quantitative investment, major asset allocation, ABS, transaction finance, capital market business, investment advisory business, cross-border investment business, etc.

This year, four securities companies have been set up (including those to be set up)

It is worth noting that since this year, the establishment speed of asset management companies of securities companies has obviously accelerated. In the past 10 months, 3 companies, including Anxin asset management, Debang asset management and Tianfeng asset management, have been approved to be established, and one is planned to be established. The number is close to 2015, reaching a new high in four years.

It is a foregone conclusion for the expansion of securities companies. According to incomplete statistics of the reporter and the asset management companies to be established by Shenwan Hongyuan, the number of asset management companies set up by securities companies (including those to be established) has increased to 20.

Since 2019, under the strategic guidance of the central governments comprehensive deepening reform, new regulations and supporting rules for asset management have been gradually implemented, and the asset management industry has entered a new stage of standardized development and transformation. At the same time, with the deepening of the reform of new asset management regulations, the establishment of bank financing subsidiaries, the continuous development of industry reform promoted by science and technology, and the national 11 article accelerated the opening of the industry to foreign capital, the competition of large asset management industry has been intensified. In the new round of industry competition, the head effect of asset management industry is more and more prominent. In the era of securities companies asset management gradually entering the era of public offering, relying on the resource advantages of the whole business chain, improving the ability to obtain high-quality assets, making efforts to manage independently, promoting the transformation and upgrading of products, and building differentiated competitive advantages will be the key to break the situation for most companies, and also a long-term strategic choice. Editor: Captain. Source: China Fund News Editor in charge: Zhong Qiming_ NF5619

Since 2019, under the strategic guidance of the central governments comprehensive deepening reform, new regulations and supporting rules for asset management have been gradually implemented, and the asset management industry has entered a new stage of standardized development and transformation. At the same time, with the deepening of the reform of new asset management regulations, the establishment of bank financing subsidiaries, the continuous development of industry reform promoted by science and technology, and the national 11 article accelerated the opening of the industry to foreign capital, the competition of large asset management industry has been intensified. In the new round of industry competition, the head effect of asset management industry is more and more prominent.

In the era of securities companies asset management gradually entering the era of public offering, relying on the resource advantages of the whole business chain, improving the ability to obtain high-quality assets, making efforts to manage independently, promoting the transformation and upgrading of products, and building differentiated competitive advantages will be the key to break the situation for most companies, and also a long-term strategic choice.

Editor: Captain