Core Points - The announcement from Founder Securities on July 23 confirmed the completion of the sale of a 49% stake in Credit Suisse Securities, which has now been renamed Beijing Securities Co., Ltd, marking the return of the "Beijing Securities" brand after nearly 20 years [1][2] - The stake transfer is part of a three-party agreement involving UBS Group, Founder Securities, and Beijing State-owned Assets Management Co., which was necessitated by regulatory requirements [2][3] - The transaction involved UBS selling a 36.01% stake for $91.35 million (approximately 650.5 million RMB) and Founder Securities selling a 49% stake for $124 million (approximately 885 million RMB), totaling an 85.01% stake transfer [2][3] Company History - Beijing Securities was originally established in 1993 and underwent several transformations, including a merger in 1997 and a restructuring with UBS in 2005, which led to the establishment of UBS Securities [2][3] - The return of the Beijing Securities brand signifies a shift in the ownership structure back to local state control, reflecting the evolving landscape of China's capital markets and the development of domestic financial power [3] - With the re-establishment of Beijing Securities, the number of state-owned securities firms in Beijing has increased to five, including other firms like Founder Securities and CITIC Securities [3]

Core Viewpoint - The ownership change of Credit Suisse Securities has been completed, with the company now renamed Beijing Securities, marking the end of a nearly year-long equity sale process and the beginning of a new chapter under the control of Beijing State-owned Assets Management Company [2][11]. Group 1: Ownership and Structural Changes - Credit Suisse Securities has been renamed Beijing Securities, with Beijing State-owned Assets Management Company becoming the largest shareholder with an 85.01% stake, while UBS Group's stake has decreased to 14.99% [2][11]. - A supplementary agreement was signed on July 21, detailing seller responsibilities regarding potential claims arising from business activities prior to the equity transfer, with a claim limit set at 75% of the transaction price [2][4]. - The ownership transition reflects a strategic move by UBS Group to streamline its operations in China, as it retains its other entity, UBS Securities, while divesting from Credit Suisse Securities [9][10]. Group 2: Historical Performance and Challenges - Credit Suisse Securities, established in 2008, struggled with profitability, reporting losses in eight out of its first ten years, with total assets not exceeding 1 billion yuan [3][4]. - The peak performance year was 2021, with revenues of 497 million yuan and a net profit of 45 million yuan, largely driven by investment banking activities [4][5]. - The company faced significant challenges in 2022, resulting in a net loss of 254 million yuan, and continued to report losses into 2024, with revenues dropping to 57 million yuan, a 63.81% decline year-on-year [5][6]. Group 3: Future Prospects and Market Context - The rebranding to Beijing Securities signifies a renewed opportunity for the company to leverage local state-owned resources in a competitive market [11]. - The local state-owned securities firms are expanding, with Beijing Securities joining the ranks of other state-controlled brokerages, indicating a trend of consolidation and potential for improved performance [11]. - The market is witnessing a wave of mergers and acquisitions, raising questions about whether the new Beijing Securities can achieve profitability and capitalize on emerging opportunities [11].

Group 1 - The announcement from Founder Securities on July 23 indicates that Credit Suisse Securities has been renamed to Beijing Securities, completing the industrial and commercial registration of the equity change [2] - Founder Securities' board approved the sale of its 49% stake in Credit Suisse Securities to Beijing State-owned Assets Management Co., Ltd. (Beijing State-owned Assets Company) and signed a supplementary agreement on July 21 [2] - The renaming signifies the addition of another state-owned broker in Beijing, reviving the "Beijing Securities" name after nearly 20 years, reflecting the evolution of China's capital market and domestic brokerage industry over the past two decades [2] Group 2 - The original "Beijing Securities" was established in 1993 and was a significant player in early Chinese capital markets, but faced operational difficulties in 2005 [4] - In December 2006, UBS participated in the restructuring of the original Beijing Securities, leading to the establishment of UBS Securities, which later became fully owned by UBS [4] - The current "Beijing Securities" originated from Founder Credit Suisse Securities, which was established in October 2008, with Founder Securities holding 66.7% and Credit Suisse holding 33.3% [4] Group 3 - On June 24, Beijing State-owned Assets Company reached a tripartite agreement with UBS Group and Founder Securities to acquire 85.01% of Credit Suisse Securities, with a total consideration of approximately 1.24 billion USD (about 8.85 billion RMB) for the 49% stake from Founder Securities and 36.01% from UBS [5] - In March 2025, the China Securities Regulatory Commission approved the change of major shareholders and actual controllers of Credit Suisse Securities, confirming Beijing State-owned Assets Company as the main shareholder [6] - The acquisition is seen as a further extension of cooperation and a concrete measure to implement national and municipal financial service requirements for the real economy [6]

Group 1 - The brokerage sector experienced a significant surge, with the A-share leading brokerage ETF (512000) rising over 2% and reaching a new high for the year, with trading volume exceeding 500 million yuan within the first 30 minutes of trading [1] - A total of 49 listed brokerages saw positive performance, with Jinlong Co. hitting the daily limit, Guosen Securities increasing over 7%, and Bank of China Securities rising over 5% [1][3] Group 2 - Jinlong Co. announced plans to acquire a 29.32% stake in Shenzhen Benmao, a company focused on intelligent computing centers and related services, with projected total assets of 1.978 billion yuan and net income of 53.62 million yuan for 2024 [3] - Fangzheng Securities disclosed that Credit Suisse Securities completed a change in ownership, no longer holding shares in the company, which has now been renamed Beijing Securities Co., Ltd. This move is seen as beneficial for Fangzheng's financial situation and reflects a trend of consolidation within the brokerage industry [3] Group 3 - The brokerage ETF (512000) passively tracks the CSI All Share Securities Company Index, encompassing 49 listed brokerage stocks, with nearly 60% of its holdings concentrated in the top ten brokerages, while the remaining 40% includes smaller brokerages with high performance potential [4]

对于这一消息，财联社曾在今年3月的 《北京证券要来了？北京国资公司获准瑞信证券主要股 东，更名传闻也来了》 中有过报道。如今，随着方正证券不再持有瑞信证券股权以及瑞信证 券正式更名，有五个重点内容值得关注： 瑞信证券正式更名为北京证券。7月23日，方正证券披露公告称，瑞信证券完成股权变动的工 商变更登记，公司不再持有瑞信证券股权。公告显示，瑞信证券已更名为北京证券有限责任公 司。 图为方正证券披露的最新公告内容。 更名北京证券无疑将有全新的发展思路与资源支持。北京国资公司曾表态，这是双方合作的进 一步延伸，也是落实国家和北京市对于金融服务实体经济相关要求的具体举措。 目前有一个 解读猜想是，北京国资入主后，北京证券或转向服务国企改革、北交所企业融资等本土化业 务。不难发现，国资背景可为券商提供资本、政策及客户资源支持，尤其在服务区域经济、国 企改革等领域更具优势。 券商更名往往是战略调整、股权结构变化的外在表现，目前以省市命名的券商已有东北证券、 山西证券、南京证券、东莞证券、上海证券、大同证券等6家。 在行业竞争日益激烈、监管政 策不断引导行业高质量发展的背景下，券商通过更名，一方面可以重塑品牌形象，更好地 ...

【导读】瑞信证券正式更名为北京证券 瑞信证券的前身是瑞信方正证券。 2008年10月24日，经证监会批复，瑞信方正证券有限责任公司正式设立，由方正证券持股66.7%，瑞士信贷银行持股33.3%。 2020年6月，瑞士信贷银行完成对瑞信方正证券的增资，持有51%股权，成为外资控股券商之一。次年，公司更名为瑞信证券（中国）有限公司。 北京证券，你好！瑞信证券，再见！ 7月23日，方正证券（601901）发布公告称，瑞信证券（已更名为北京证券有限责任公司）完成股权变动的工商变更登记，公司不再持有瑞信证券股权。 至此，北京国资参股的券商增至5家，分别是中信建投（601066）、首创证券（601136）、第一创业（002797）、恒泰证券以及最新被核准收购的北京证 券。 2024年5月31日，瑞银吸收合并瑞信，继承了瑞信证券（中国）有限公司的51%股权和相应股东权利义务。 同年6月24日，北京国资公司与瑞银集团和方正证券就收购瑞信证券共85.01%股权达成三方协议。其中，北京国资公司收购瑞银集团持有的瑞信证券 36.01%股权，对价为9135万美元（约合6.505亿元人民币）；收购方正证券持有的瑞信证券49%股权，对价 ...

瑞信证券的前身是瑞信方正证券。 2008年10月24日，经证监会批复，瑞信方正证券有限责任公司正式设立，由方正证券持股66.7%，瑞士信贷银行持股33.3%。 2020年6月，瑞士信贷银行完成对瑞信方正证券的增资，持有51%股权，成为外资控股券商之一。次年，公司更名为瑞信证券（中国）有 限公司。 2024年5月31日，瑞银吸收合并瑞信，继承了瑞信证券（中国）有限公司的51%股权和相应股东权利义务。 【导读】瑞信证券正式更名为北京证券 中国基金报记者 莫琳 北京证券，你好！瑞信证券，再见！ 7月23日，方正证券 发布 公告称，瑞信证券（已更名为北京证券有限责任公司）完成股权变动的工商变更登记，公司不再持有瑞信证券股 权。 2025年3月，证监会作出《关于核准瑞信证券（中国）有限公司变更主要股东和公司实际控制人的批复》，核准北京国资公司成为瑞信证 券主要股东、实际控制人，对北京国资公司依法受让瑞信证券85.01%股权无异议。 至此，北京国资参股的券商增至5家，分别是中信建投、首创证券、第一创业、恒泰证券以及最新被核准收购的北京证券。 编辑：杜妍 校对：王玥 制作：小茉 审核：木鱼 《中国基金报》对本平台所刊载的原 ...

金十数据7月23日讯，7月23日，方正证券披露公告称，瑞信证券完成股权变动的工商变更登记，公司不 再持有瑞信证券股权。公告显示，瑞信证券已更名为北京证券有限责任公司。今年3月，监管核准北京 国资公司成为瑞信证券主要股东、实际控制人，接手瑞信证券85.01%股权，瑞信证券从外资主导的合 资券商转变为国资控股券商。 瑞信证券已更名为北京证券 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601901 证券简称：方正证券 公告编号：2025-029 方正证券股份有限公司 关于出售瑞信证券49%股权的进展公告 2024 年 6 月 24 日，公司第五届董事会第七次会议同意公司向北京市国有资产 经营有限责任公司出售持有的瑞信证券（中国）有限公司（简称"瑞信证券"）49% 股权，并于 2025 年 7 月 21 日就出售事项签署补充协议。相关情况详见公司在《中 国证券报》《上海证券报》《证券时报》《证券日报》和上海证券交易所网站 （www.sse.com.cn）披露的相关公告。 2025 年 7 月 23 日，瑞信证券（已更名为北京证券有限责任公司）办理完成上 述股权变动的工商变更登记，并取得换发的营业执照，公司不再持有瑞信证券股 权。 特此公告。 方正证券股份有限公司董事会 2025 年 7 月 23 日 1 ...

Core Viewpoint - The company has approved the signing of a supplementary agreement regarding the sale of a 49% stake in Credit Suisse Securities, indicating a strategic move to finalize the ownership transition and related financial arrangements [2][6]. Group 1: Meeting Overview - The fifth board meeting of the company was held on July 21, 2025, with all nine directors present, confirming compliance with legal and procedural requirements [1][3]. - The board unanimously approved the proposal to sign the supplementary agreement related to the sale of the stake [3]. Group 2: Share Transfer Details - The company agreed to sell a 49% stake in Credit Suisse Securities (China) Limited to Beijing State-owned Assets Management Co., Ltd. for a consideration of 885.09 million yuan [7]. - The approval from the China Securities Regulatory Commission for the change of major shareholders and actual controllers was received on March 12, 2025 [8]. Group 3: Supplementary Agreement Key Points - The supplementary agreement outlines arrangements for delivery and payment, requiring all parties to assist in the submission of business change applications within five working days after signing [9]. - Seller responsibilities include a general claim period of five years post-delivery, with a liability cap of 75% of the actual consideration received [10]. - Special claims have a limitation period of three years from the date of delivery [12].