瑞信证券正式更名北京证券，北京国资参控股券商已增至5家

Core Viewpoint - The transformation of Credit Suisse Securities into a state-owned brokerage marks a significant shift in the Chinese financial landscape, driven by regulatory compliance following the merger of UBS and Credit Suisse [1][2]. Group 1: Company Changes - Credit Suisse Securities has officially changed its name to Beijing Securities after the completion of a shareholding change, with Beijing State-owned Assets Management Company holding 85.01% and UBS retaining 14.99% [1]. - The share transfer involved Beijing State-owned Assets Management Company acquiring 49% of the shares from Founder Securities for 885 million yuan and 36.01% from UBS for 650.5 million yuan [1]. - The restructuring aligns with the regulatory requirement that limits the number of brokerage licenses held by the same entity in China, prompting UBS to focus on UBS Securities [1][2]. Group 2: Industry Context - The securities industry is currently experiencing a phase of high-quality development, with increasing competition and market concentration, leading to a shrinking space for smaller brokerages [3]. - The integration of Beijing Securities into the Beijing State-owned Assets Management Company expands its portfolio to five brokerages, enhancing its influence in the regional securities market [2]. - Analysts suggest that the ongoing trend of mergers and acquisitions in the securities industry is likely to continue, with state-owned enterprises playing a significant role in the ownership structure of brokerages [4][5].