01 Industry dynamics
◆ Supervision lists five major requirements and vigorously rectify the chaos in securities companies' agency sales
Securities Times Electronic News 2022-01-13
1 January 12, Securities Times reporters learned that the regulatory authorities have recently sent a notice to securities companies, pointing out many risk points in securities companies' agency sales and custody business, and requiring all securities companies to continue to strengthen their risk awareness, effectively strengthen the construction of compliance risk control systems, and prevent potential risks.
1. Risk points for product sales and custody business
Notice pointed out that there are four major risk points for securities companies' agency sales financial product business:
1. The client qualification review was not strictly carried out;
2. The ability was not adapted to the development of new products;
3. The investor suitability management requirements were not strictly implemented;
4. The client's statement or exaggerated publicity was made.
There are three major problems with the asset custody business of securities companies:
1. First, the client qualification review was not done well;
2. The business compliance risk control was not in place;
3. Third, the talent and system investment was insufficient.
2. Supervision lists five major requirements, strengthen compliance risk control construction, and supervise the regulation notice stated that in response to the problems and risk points in the agency financial product business and asset custody business, all securities companies should continue to strengthen risk awareness, effectively strengthen the construction of compliance risk control system, and prevent potential risks.
First, strengthen the qualification review of principals;
second, strengthen the risk assessment of financial products;
third, effectively manage investor suitability;
fourth, improve the management and control mechanism of agency sales and custody business;
fifth, cautiously carry out non-standard private equity fund agency sales and custody business.
◆3 brokerages announced their 2021 performance forecast
Tianhong Fund 2022-01-13
htmlOn the evening of January 12, CITIC Securities released the 2021 annual performance report announcement. Last year, CITIC Securities achieved revenue of 76.57 billion yuan, an increase of 40.8% year-on-year; and achieved net profit of 22.979 billion yuan, an increase of 54.2% year-on-year. Not independent CITIC Securities, Zhejiang Securities and Zhongyuan Securities also have outstanding performance.Zhongyuan Securities expects to achieve a net profit of 376 million yuan to 456 million yuan year-on-year, an increase of 360.20%-436.90% year-on-year. Zhejiang Securities expects that its net profit will increase by about 488 million yuan to 650 million yuan last year, an increase of about 30% to 40% year-on-year.
The reasons for performance growth can be summarized into two aspects. First of all, the domestic capital market has developed well and created better external conditions. The second is internal reasons. The company seized the opportunity and achieved good development in various businesses.
Although only three brokerages have announced their performance forecasts, based on the performance of the first three quarters, most listed brokerages will have good performance growth last year.
◆The asset management industry ushered in a new era, and there is huge room for future development
Tsinghua Financial Review 2022-01-12
On January 8, 2022, the 2021 Global Fund and Quantitative Investment Forum with the theme of "The Road to Change of Asset Management Industry" was successfully held online. Zhang Wei, member of the Party Committee and associate researcher of the Wudaokou School of Finance of Tsinghua University, deputy dean of the National Institute of Finance of Tsinghua University, and deputy editor-in-chief of "Tsinghua Financial Review", delivered a speech at the forum on the topic of "New Trends in the Development of my country's Asset Management Industry under the New Pattern".
1. Development of my country's asset management industry after the new asset management regulations
After the promulgation of the new asset management regulations in 2018, the overall development of my country's asset management industry has become increasingly standardized. The scale of the previously irregular fields has shown a downward trend, and the scale of the fields that originally met the requirements of the new asset management regulations has increased.
Bank wealth management declined in 2018, but in the process of gradual regulation, bank wealth management began to gradually rise again. Especially for public funds and private funds, since its original development is consistent with the requirements of the new asset management regulations, public funds and private funds have actually experienced relatively obvious and continuous growth since 2018.There are some related fields that do not meet the requirements of the new asset management regulations, and their scale has declined significantly, such as trusts, securities asset management, fund accounts, fund subsidiaries and other related fields.
From the top-level design perspective, the new asset management regulations are a fundamental method for the development of my country's asset management industry. There are also some detailed rules that structure some specifications in various fields of the entire asset management. At the same time, regulatory measures in various sub-fields such as banking, securities, , and insurance are also being introduced to make up for this institutional shortcomings. Of course, we also see some laws and regulations to be formulated. Overall, the regulatory measures in my country's asset management industry have begun to take shape and are becoming more and more perfect, laying a good institutional foundation for the future development of my country's asset management industry.
Overall, after the promulgation of the new asset management regulations in China, many positive changes have occurred in my country's asset management industry. For example, the institutional shortcomings of the asset management industry are gradually being filled, the governance of industry chaos has achieved remarkable results, the corresponding risks have been effectively controlled, and the asset management business has gradually returned to its original origin. The transformation and development of the asset management industry has maintained a healthy and upward momentum.
2. Future development trends of my country's asset management industry
my country's asset management industry is gradually standardizing, and the following development trends will appear in the future: the asset management industry will be more legalized and standardized, the regulatory standards of the entire asset management industry will be unified, asset management products will transform towards standardization, and the entire asset management industry will also show the trend of digital transformation to , so that both in investment and investment research, it will further develop towards intelligence.
Overall, my country's asset management industry has huge room for future development. In various sub-fields within the asset management industry, due to the convergence of regulatory standards and products, future competition will also intensify. Of course, from a macro perspective, we also face many risks and uncertainties, so the challenges are still great and the risks cannot be underestimated.
02 Wealth Management Information
◆Nanjing Securities Fund Investment Advisory Business has been approved for business development, and half of the second batch of pilot securities companies have been "passed"
Shenshui Finance and Economics 2022-01-12
1. Nanjing Securities Fund Investment Advisory Business has been approved for business development
It is reported that on January 7, Nanjing Securities Fund Investment Advisory Business has been officially qualified for business development through on-site inspection by the regulatory authorities.
On July 4, 2021, Nanjing Securities issued an announcement that the company recently received the "Reply to Matters Related to Nanjing Securities Co., Ltd.'s Pilot Development of Fund Investment Advisory Business" by China Securities Regulatory Commission. According to the reply letter, the China Securities Regulatory Commission has no objection to the company's pilot project of fund investment consulting business.
Since obtaining the pilot qualification for fund investment advisory business in July, Nanjing Securities has actively promoted business preparations for more than half a year and has passed the on-site inspection recently and will soon carry out fund investment advisory business.
Nanjing Securities' third quarter report showed that the company's main business income was 2.11 billion yuan, an increase of 11.15% year-on-year; net profit attributable to shareholders was 883 million yuan, an increase of 23.47% year-on-year; net profit excluding non-network was 872 million yuan, an increase of 22.34% year-on-year; among which in the third quarter of 2021, the company's main business income in a single quarter was 630 million yuan, an increase of 9.0% year-on-year; net profit attributable to shareholders was 209 million yuan, an increase of 9.42% year-on-year.
According to the Economic Daily, since the first batch of public fund investment advisory business pilots in October 2019, pilot projects including fund companies, banks, securities firms and third-party fund sales institutions have continued to expand, with the total service asset scale exceeding 50 billion yuan. Recently, many pilot institutions have successively obtained business development qualifications, and the results of fund investment transformation from "seller model" to "buyer investment advisory" have begun to show.
2. The second batch of fund investment advisory business pilot brokers began to expand their business
to July 2021, 20 brokers including CITIC Securities, China Merchants Securities , Guosen Securities , Oriental Securities , Industrial Securities , Anxin Securities , and Zhejiang Securities were approved for the pilot qualification for fund investment advisory business.
As of January 10, 10 of the second batch of 20 fund investment advisory business pilot brokers have begun to expand their businesses, accounting for 50%.These 10 securities firms are CITIC Securities, China Merchants Securities, Guosen Securities, Oriental Securities, Caitong Securities , Industrial Securities, Zhongtai Securities, Shanxi Securities , Nanjing Securities and Everbright Securities .
Judging from the current progress, it is expected that most pilot institutions will be able to officially launch their business by the first quarter, bringing investors more new portfolios and services to investment advisors.
◆Inventory of securities firm wealth management in 2021: The business structure is greatly adjusted, the number of brokerage/investment advisors "one has disappeared and the other has increased" nearly 10,000 each
chen Finance 2022-01-05
1. Joining the "10,000 Club" securities firms have increased to 5
Choice Data shows that as of December 31, 2021, the number of securities firms has reached 341,657, returning to the 340,000 mark. At the end of 2020, the number of securities firms was only 333,228 million, an increase of 8,429 in 2021.
0 The top five total employees of securities companies at the end of 2021 (Data source: Choice)
Data further shows that as of the end of 2021, the number of securities companies with a total number of employees exceeding 10,000 has increased from 4 to 5, namely CITIC Securities, GF Securities , Guosen Securities, Guotai Junan Securities and CITIC Construction Investment Securities , with the total number of employees being 127,540, 11,285, 11,221, 10,884, and 10,400 respectively.
The above table also shows that CITIC Construction Investment Securities is a new member of the "10,000 People Club". Specifically, at the end of 2020, the total number of employees of CITIC Construction Investment Securities was 9,715, and the total number of employees increased by 685 in 2021 to 10,400. Among them, the number of general securities business personnel increased by 870, the number of investment consultants increased by 169, the number of sponsors increased by 119, and the number of securities analysts increased by 20 from the original 85, reaching 105. The securities broker dropped sharply from the original 956 to 471, a decrease of 50%. The investment sponsorship has decreased by 8 people.
Changes in the total number of employees in the above five securities companies show that at the end of 2021, only Guosen Securities' total number decreased by 50 compared with the end of 2020, and the total number of employees in the remaining four securities companies has increased to varying degrees. In addition, the total number of China Galaxy Securities in 2021 was 9883, an increase of 272 from the previous year, which is approaching the threshold of 10,000.
2. 60% of the employees of securities companies
Choice data shows that in 2021, the total number of employees of 75 securities companies increased, accounting for 59% of the total number of comparable 127 securities companies, close to 60%. Among them, the total number of employees of five securities companies including Dongwu Securities and Huaxing Securities has not changed, and the total number of employees of the remaining 47 securities companies has decreased.
The total number of employees in securities companies increased by the end of 2021 (Data source: Choice)
In 2021, the number of employees increased by more than 1,000 was CITIC Securities and CICC Fortune Securities, with 2,255 and 1,669 respectively. In mid-July this year, CICC issued an announcement stating that it would transfer domestic wealth management business to CICC Wealth to further realize the business integration between the two parties. CICC Wealth will carry out wealth management business as a subsidiary. Some employees of CICC were also transferred to CICC Wealth due to "institutional changes".
CICC's total number of employees in 2021 also increased by 576, ranking among the top ten securities firms in 2021. In addition, the number of employees increased by six securities companies including Industrial Securities, China Merchants Securities, and China Securities in 2021 by more than 500.
At the end of 2021, the total number of employees of securities companies decreased by the top ten (data source: Choice)
Among the 47 securities companies whose total number of employees decreased, the top three were Haitong Securities , Shenwan Hongyuan Securities and Everbright Securities. The total number of employees in 2021 decreased by 690, 552 and 473 respectively, and the number of employees decreased to 8933, 7656 and 6696 respectively. It is worth noting that these three companies have significantly reduced the number of employees in the brokerage business line in 2021.
3. The number of investment advisors has increased, and the number of brokers has decreased.
. While the number of securities companies has returned to 340,000, it is accompanied by profound structural adjustments and optimizations in the industry.
2021 changes in the number of securities companies (as of December 31, 2021, data source: Choice)
Let’s take a look at the data first. In terms of the main business lines of securities companies, in 2021, the fastest growth in the number of employees was the general securities business, from 194,918 million at the end of 2020 to 205,370, an increase of 10,452 million. The second largest increase in the number of people employed was the investment advisory business, which expanded from 60,939,000 to 68,320 during the same period, an increase of 7,381 people and nearly 8,000 people. The corresponding number of sponsors for the high-prosperity investment banking business has also increased from 6,335 to 7,405, an increase of 1,070.
On the contrary, the largest decline was brokerage business, with the number of employees decreasing from 653,840 at the end of 2020 to 554,150, a decrease of 9,969. The highly-watched analyst industry has dropped slightly by 50.
In 2021, China Merchants Securities had the largest increase in investment advisors from securities companies, with an increase of 1,114 to 2,316, an increase of nearly 100%. The number of investment advisors from Guosen Securities increased from 2,517 to 3,051, and the original number of securities brokers was completely cleared in 2021. The number of investment advisors in Industrial Securities expanded from 1,655 at the end of 2020 to 2,115, an increase of 460.
At the end of 2021, the number of investment advisors in securities companies increased by the top ten (data source: Choice)
However, in 2021, the number of investment advisors in 17 securities companies (excluding CICC) declined. The largest decline was Huachuang Securities . The number of investment advisors in 2021 decreased by 207 to below 400. The number of investment advisors in Shenwan Hongyuan Securities fell by 108, and the number of its brokerage business decreased by 1,005, indicating that its personnel structure is being optimized and adjusted.
At the end of 2021, the number of brokerage employees decreased by the top ten (data source: Choice)
In recent years, the transformation effect of brokerage wealth management has begun to appear. At present, the wealth management of securities companies is in the stage from "selling products" to "selling allocation", and fund investment advisors will become the most important license basis.
Currently, there are 29 securities companies approved for fund investment advisory pilot institutions, and the pace of business development is continuing to accelerate, and there are 15 securities companies that have launched fund investment advisory business. With the expansion of the pilot scope, in the context of embracing the great era of equity assets , the scale of fund investment advisory will inevitably continue to rise, and fund investment advisory business is expected to become an important channel for securities companies to create incremental wealth management and improve overall profit stability.
03 Asset Management Business Information
◆Asset Management Company received fines, and the regulator emphasized compliance operations
Securities Times Electronic News 2022-01-14
1. Zhejiang Commercial Asset Management Business was suspended for 6 months
Zhejiang Securities Regulatory Bureau disclosed on January 11 that after investigation, Zhejiang Commercial Asset Management had five behaviors: First, the valuation technology used for the same investment product with the same characteristics is inconsistent; second, the valuation of the default assets held by the product is unreasonable, and relevant information is not disclosed to investors in accordance with regulations, and some of the collective products are continuously open for subscription and redemption; third, there is a lack of investment transaction management; fourth, the investor suitability management system is not sound; fifth, the compliant personnel are insufficient.
Zhejiang Securities Regulatory Bureau decided to order Zhejiang Commercial Asset Management to correct the problem; suspend the filing of private asset management products for 6 months (except for new products that are established to continue the unexpired assets held by existing matured products, but no new investment shall be allowed; no restrictions on the filing of asset-backed special plans); and order relevant personnel to be punished.
Zhejiang Securities stated in the announcement that the products involved in the "Administrative Supervision Measures Decision" are some private equity fixed income asset management products, and the related products have been rectified and cleaned up after the preliminary self-inspection and rectification of Zhejiang Merchants Asset Management. The suspension of private asset management product filing has a very little impact on Zhejiang Securities' consolidated revenue and profits, and does not affect the normal operating activities of Zhejiang Securities. The company's operating conditions are normal.
2. Securities asset management has received repeated fines
. Against the backdrop of the transformation to wealth management, a new trend is coming. Securities companies actively establish asset management subsidiaries and strengthen active management of business.Since last year, six securities companies including CITIC Securities, CICC, CITIC Construction Investment , Dongxing Securities , Huachuang Securities, Guojin Securities , etc. have planned to set up asset management subsidiaries to focus on asset management business and accelerate the layout of the public offering market. However, in the context of the transformation to wealth management, many securities companies have also exposed many problems while fully grasping the development opportunities of asset management business and accelerating the optimization of asset management business structure. Problems such as irregular operation of securities asset management products, improper use of valuation methods, incomplete credit risk management mechanisms, and weak links in compliance and risk control are prominent.
In addition to Zhejiang Merchants Asset Management, many securities companies such as CICC , Shenwan Hongyuan have also received regulatory fines for asset management products valuation issues. The fine released by the Beijing Securities Regulatory Bureau pointed out that CICC used the cost method to value some assets in the private equity asset management plan, and used inconsistent valuation technology for the same investment product with the same characteristics. The company was therefore taken administrative supervision measures ordered to correct the situation. The fine released by the Shanghai Securities Regulatory Bureau pointed out that Shenwan Hongyuan Securities has adopted different valuation methods for similar assets held by different private equity asset management plans, and some private equity asset management plans do not strictly abide by the fair valuation principle, and the valuation method is unreasonable. In addition, the company's individual private equity asset management plans did not adjust their valuation in a timely manner if the relevant bonds had undergone substantial defaults, and the valuation procedures were flawed. Shenwan Hongyuan Securities was taken administrative supervision measures to issue a warning letter.
An asset management person in a securities firm said that there are indeed some risk points in the asset management business of securities firms. Establishing and improving and strictly implementing the internal control system and process specifications to ensure the development of business standards has become an urgent problem that the industry needs to solve.
◆In the first year of the implementation of the new asset management regulations, many securities companies have replaced asset management and coaching
Securities Times 2022-01-12
1. GF Asset Management has replaced coaching, Qin Li once again took the helm
Since December 2021, the personnel of GF Securities and its subsidiaries have undergone major changes.
As for GF Securities, on January 11, the company announced that the company's chief risk officer Kong Weicheng, who had performed his duties for about half a year, resigned, and continued to serve as director of GF Asset Management after resigning. At the same time, the GF Securities Board appointed Wu Shunhu as the company's chief risk officer, Cui Zhouhang as the director of human resources of (senior management personnel), and nominated Ge Changwei as the candidate for executive director.
There are also many changes at the subsidiary level of GF Securities. At the end of December 2021, Liu Zhongyuan, former director of the Securities Investment Department of the National Social Security Fund Council, took over Xiong Li-Ying, chairman of GF Holdings (Hong Kong) Co., Ltd. and former deputy CEO of Guosen Securities (Hong Kong), and replaced GF Securities' global chief economist Shen Minggao as CEO.
On December 31, 2021, the "top leader" of GF Asset Management also ushered in changes: Yang Long stepped down as chairman and general manager of GF Asset Management due to work arrangements, and Qin Li took office as the new chairman and general manager. Judging from his resume, Qin Li is an old Guangfa person with rich experience in public funds, asset management, investment banking and investment fields. He was appointed as executive director of GF Securities since April 2011 and was appointed as director of GF Securities since December 2020. It is particularly worth mentioning that Qin Li served as the chairman of GF Asset Management in June 2018 and October 2019.
According to the disclosure of GF Asset Management, as of September 30, 2021, GF Asset Management has had 641 products. According to data released by the Securities and Fund Industry Association, GF Asset Management ranks fifth in total asset management scale and third in active management scale.
2. Time is also the momentum, and securities companies are setting up their own lineups.
Industry insiders believe that after entering the new asset management regulations in the first year, the ability of securities companies to actively manage is becoming more and more important. Many securities companies are dispatching troops to further develop asset management business and expand new space for the development of domestic wealth management and asset management industries brought about by the transfer of residents' wealth.
In addition to GF Asset Management changing its coach, on January 10, a Securities Times reporter learned that the top leader of Guotai Junan Asset Management has also been replaced. Jiang Wei, former chairman of Guotai Junan Asset Management, is no longer in charge of Shanghai Guotai Junan Securities Asset Management Co., Ltd., and Xie Lebin, vice president of Guotai Junan , is in charge of Shanghai Guotai Junan Securities Asset Management, and is also the secretary of the Party Committee of Guotai Junan Asset Management.
Earlier, many asset management subsidiaries also experienced executive changes. On December 29, 2021, Changjiang Asset Management issued an announcement stating that Deputy General Manager Gu Song left office for personal reasons. On December 8, 2021, Huatai Asset Management issued an announcement on executive changes, and the chief risk officer changed from Liu Yusheng to Qin Jie. This is also another executive change in Huatai Asset Management after Nie Tingjin joined and served as general manager in September 2021.
It is worth mentioning that small and medium-sized securities companies, 0,000 and securities , which have not yet established an asset management subsidiary, are also hoping to focus on asset management business. From Tianfeng Securities , Huang Changqing, the head of asset securitization and REITs, serve as vice president, and further lay out asset management business and asset securitization business.
04 Key companies track
◆BNP Paribas intends to find Faba Securities, which was accepted by the China Securities Regulatory Commission
China Securities Journal·China Securities Network 2022-01-10
According to the official website of the China Securities Regulatory Commission, the "Securities Company Establishment Approval" materials submitted by BNP Paribas on January 7 were accepted by the China Securities Regulatory Commission, and the name of the intending to initiate the establishment of a securities company is tentatively designated as "Faba Securities (China) Co., Ltd.".
According to the official website of BNP Paribas, the group first originated from two discount banks founded in 1848 to cope with the serious economic and banking crisis that swept France at that time. It opened its first office in Shanghai as early as 1860 and was one of the earliest foreign banks to enter China. BNP Paribas currently has nearly 500 employees in China, providing banking, financing and consulting services to clients through corporate, institutional banking and international financial business departments.
Before this, BNP Paribas had a layout in the mainland banking and fund industries. According to the official website of BNP Paribas, through strategic cooperation with Nanjing Bank , BNP Paribas is also involved in retail banking business. Wind data shows that as of the end of the third quarter of 2021, BNP Paribas was the largest shareholder of Bank of Nanjing, with a shareholding ratio of nearly 14%; in 2003, BNP Paribas and asset management company Haitong Securities established Haitong Fund Company, which currently holds 49% of the shares of Haitong Fund Company.
◆Empty for nearly 3 months, China Merchants Securities' new president was in place
On January 13, China Merchants Securities issued a presidential appointment announcement, agreeing to appoint Mr. Wu Zongmin as the company's president, and his term of office is three years from the date of review and approval by this board of directors.
After Wu Zongmin took office, the senior executives of China Merchants Securities were added to 7, including Chairman Huo Da, President Wu Zongmin, Vice President Li Zongjun, Vice President and Secretary of the Board of Directors Wu Huifeng , Vice President Zhao Bin, Vice President Zhang Qing, Chief Risk Officer and Compliance Director Hu Yu.
◆Dongwu Securities: Appoint Yao Tiao as the company's vice president and financial director
Beijing Business Daily 2022-01-12
htmlOn January 12, Dongwu Securities issued an announcement stating that Yuan Weijing will no longer serve as the company's vice president and financial director due to its age; on the same day, the board of directors of Dongwu Securities agreed to appoint Yao Tiao as the company's vice president, financial director, and executive member of the company. According to public information, Yao Tiao has served as general manager of the Jiashan Avenue Securities Branch of Jiashan County, general manager of Jiaxing Branch, general manager of the fixed income headquarters, assistant to the president and general manager of the fixed income headquarters of Dongwu Securities; he is currently the executive member, assistant to the president, and general manager of the fixed income headquarters of Dongwu Securities.
◆Caitong Securities Chairman resigned
China Fund News January 11, 2022
htmlOn the evening of January 11, 2022, Caitong Securities issued an announcement on the resignation of the chairman: the company's board of directors received the " Resignation Report " submitted by the company's director and chairman Mr. Lu Jianqiang on January 11, 2022. Mr. Lu Jianqiang applied to resign from the position of director, member of the board of directors and chairman of the company due to organizational transfers.After Lu Jianqiang resigns, he will no longer hold any position in the company. The board of directors of Caitong Securities will complete the acting chairman procedures and the election of new chairman as soon as possible. After resigning as Caitong Securities, Lu Jianqiang took over Zhejiang Commercial Bank. On the evening of January 11, Zhejiang Commercial Bank issued the "Reminder Announcement on Changes to Party Secretary and Chairman", stating that Lu Jianqiang served as a member and secretary of Zhejiang Commercial Bank Party Committee and was nominated as a director and chairman; he proposed that Shen Renkang no longer serve as a director and chairman and was removed from the position of member and secretary of the Party Committee.
05 Securities asset management operation data
● Securities asset management wealth account weekly report
1, Wealth account fan count
2022.01.04-2022.01.10, the number of fans of five securities asset management wealth account, including Huatai Securities Asset Management and Guotai Junan Asset Management, achieved growth.
2, Alipay Financial Management Live
2022.01.03-2022.01.09, the live broadcasts of Guotai Junan Asset Management, Huatai Securities Asset Management and Guangzheng Sunshine Asset Management increased by 1 time compared with last week; in terms of total viewing volume, Caitong Asset Management has the highest total viewing volume, at 62w; in terms of average viewing volume, Huatai Securities Asset Management and Guangzheng Sunshine Asset Management increased by 100% month-on-month.
● Securities Asset Management WeChat Weekly Report
Main data overview
1) During the period of 2022.01.03-2022.01.09, the Securities Asset Management official account (subscribe number, 15 samples, statistical time 2022.01.02) issued 49 articles, which was significantly reduced from last week, with a reading of 2.5w+, an average reading of 524, and an average number of likes for a single article 2;
2) The top 5 securities asset management companies ranked in the average reading volume are: China Galaxy Assets (2.2k), China Securities Asset Management (2.1k), Oriental Hong Asset Management (0.7k), Xingzheng Asset Management (0.6k), and Caitong Securities Asset Management (0.3k).
3) Among the top 5 readings this week in 2022.01.03-2022.01.09, China Securities Asset Management was on the list, and China Galaxy Asset Management and Oriental Red Asset Management were on the list.
● Weekly report of Securities Asset Management APP
Disclaimer: The above data are all from the public data of the platform. Due to different statistical time, the data will be slightly different. We strive to use network tools objectively and fairly, but we do not guarantee the accuracy and completeness of the data. The information or opinions expressed in the article are for reference only. If there are any data omissions or any requirements, please follow the backend of Daole Technology WeChat official account to leave a message or send an email to [email protected] to contact us.
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