时隔近20年，“北京证券”回归

Core Points - The announcement from Founder Securities on July 23 confirmed the completion of the sale of a 49% stake in Credit Suisse Securities, which has now been renamed Beijing Securities Co., Ltd, marking the return of the "Beijing Securities" brand after nearly 20 years [1][2] - The stake transfer is part of a three-party agreement involving UBS Group, Founder Securities, and Beijing State-owned Assets Management Co., which was necessitated by regulatory requirements [2][3] - The transaction involved UBS selling a 36.01% stake for $91.35 million (approximately 650.5 million RMB) and Founder Securities selling a 49% stake for $124 million (approximately 885 million RMB), totaling an 85.01% stake transfer [2][3] Company History - Beijing Securities was originally established in 1993 and underwent several transformations, including a merger in 1997 and a restructuring with UBS in 2005, which led to the establishment of UBS Securities [2][3] - The return of the Beijing Securities brand signifies a shift in the ownership structure back to local state control, reflecting the evolving landscape of China's capital markets and the development of domestic financial power [3] - With the re-establishment of Beijing Securities, the number of state-owned securities firms in Beijing has increased to five, including other firms like Founder Securities and CITIC Securities [3]