TF Securities(SH:601162) Xin Lang Zheng Quan·2025-05-10 06:56Core Viewpoint - Tianfeng Securities has received approval from the Shanghai Stock Exchange for its non-public stock issuance, marking a significant breakthrough in its efforts to deepen state-owned enterprise reform and optimize its capital structure [1][2]. Group 1: Company Developments - The approval of the non-public stock issuance is seen as a reinforcement of Tianfeng Securities' strategic foundation as a state-controlled entity, indicating a new phase in the reform process of state-owned enterprises [1]. - The company is focusing on enhancing its capital strength and risk resistance through this capital injection, which will also support its strategic layout in the financial services sector [1][2]. - Tianfeng Securities is committed to deepening its reform efforts, improving corporate governance, and enhancing operational efficiency through various measures, including establishing a research procedure led by the party committee and strengthening internal supervision [2]. Group 2: Strategic Focus - The company aims to align its operations with the strategic goals of the Hubei provincial government, which emphasizes the transformation towards a market-oriented and securities-based model by 2025 [1]. - Tianfeng Securities is pursuing three main strategies: focusing on its core responsibilities, enhancing services for the real economy and wealth growth for residents, and expanding its influence from Hubei to the entire nation [2]. - The company plans to leverage the approval of the stock issuance to further its role as a new type of securities firm with strong management, excellent performance, and extensive service capabilities [2].