Core Viewpoint - The ownership transfer of Credit Suisse Securities (China) Co., Ltd. to Beijing State-owned Assets Management Co., Ltd. has been completed, marking its transition from a foreign-controlled joint venture to a state-controlled brokerage firm [2][3][4]. Group 1: Ownership Changes - On July 23, 2024, Credit Suisse Securities completed the registration of its ownership change and was renamed Beijing Securities Co., Ltd. [2] - The transfer involved Beijing State-owned Assets Management Co., Ltd. acquiring 85.01% of Credit Suisse Securities, including 36.01% from UBS Group for approximately $91.35 million (about 650.5 million RMB) and 49% from Founder Securities for approximately $124 million (about 885 million RMB) [3][5]. - The transfer process took over a year, concluding with the new name and ownership structure [4]. Group 2: Financial Performance - Credit Suisse Securities reported a net loss exceeding 160 million RMB in 2024, with total revenue of 56.85 million RMB, a decline of approximately 63.81% year-on-year [5]. - The company’s investment banking fees and commissions fell by 61.91%, while brokerage fees decreased by 25.62% [5]. Group 3: Future Expectations - The acquisition by Beijing State-owned Assets Management Co., Ltd. is seen as a move to align with national and local financial service goals [5]. - The potential for restructuring and revitalization of the newly named Beijing Securities is anticipated, drawing parallels to other brokerage firms that have successfully transformed after ownership changes [6].
去年亏损超亿元的瑞信证券迎转折:更名北京证券 国资接棒引期待
Mei Ri Jing Ji Xin Wen·2025-07-23 15:02