Northeast Securities(SZ:000686) Zheng Quan Ri Bao·2025-07-16 16:42Group 1 - The article discusses the role of brokerage firms in supporting the real economy through alternative investment subsidiaries, highlighting the importance of optimizing resource allocation and enhancing service capabilities for technological innovation [1][2] - Northeast Securities announced a reduction in the registered capital of its wholly-owned subsidiary, Dongzheng Rongda Investment Co., Ltd., from 30 billion yuan to 10 billion yuan, reflecting a strategic decision to optimize business structure [2][3] - The reduction in registered capital is part of a broader trend among several brokerages, with Guodu Securities also announcing a capital reduction for its alternative investment subsidiary to improve overall capital efficiency [2][3] Group 2 - Alternative investment subsidiaries are crucial for brokerages, engaging in direct equity investments and participating in projects on the Sci-Tech Innovation Board and the Growth Enterprise Market, thereby contributing to the real economy and national strategies [2][3] - Some brokerages are increasing their investments in alternative investment businesses, such as Nanjing Securities planning to raise up to 1 billion yuan for investments in alternative and private equity subsidiaries [3] - Zhongtai Securities also plans to utilize funds raised from a private placement to increase capital for its alternative investment subsidiary, aiming to enhance project implementation and improve direct financing efficiency for the real economy [3]