辽宁交投持股中天证券获批，区域中小券商股权变更频现

Core Viewpoint - The restructuring of local state-owned capital through mergers and acquisitions is becoming a crucial path for small and medium-sized securities firms to break through in the current market environment [1][6]. Group 1: Shareholder Changes - The China Securities Regulatory Commission (CSRC) has approved the transfer of 13.48% of Zhongtian Securities' shares to Liaoning Transportation Investment Co., Ltd. (Liaoning Jiao Tou) [2][3]. - Zhongtian Securities has a total asset of 13.49 billion yuan and an owner's equity of 4.27 billion yuan as of the end of 2024 [2]. - The company reported a revenue of 655 million yuan and a net profit of 179 million yuan for the year 2024 [2]. Group 2: Industry Trends - There has been a notable increase in shareholder changes among small and medium-sized securities firms, with at least 10 firms experiencing changes in major shareholders or actual controllers in the past year [4]. - The trend of local state-owned enterprises acquiring stakes in securities firms is prevalent, with various methods of transfer, including between different state-owned platforms and from private enterprises [5]. - The concentration in the securities industry is increasing, leading to intensified competition, particularly for small and medium-sized firms [6].