西部证券获准成为国融证券主要股东，监管要求一年内上报具体整合方案

Core Viewpoint - Western Securities has been approved to become the major shareholder of Guorong Securities, marking a significant step in its strategic expansion and consolidation efforts in the financial services sector [1][3]. Summary by Sections Acquisition and Control Changes - On August 15, Western Securities announced its approval to become the major shareholder of Guorong Securities, acquiring 1.151 billion shares, which represents 64.5961% of Guorong Securities' total shares [1]. - The China Securities Regulatory Commission (CSRC) requires Western Securities to develop and submit a detailed integration plan within one year [1][3]. - In February 2025, the CSRC accepted applications for changes in major shareholders and actual controllers for Guorong Securities, Guorong Fund, and Shouchuang Futures [2]. Financial Performance - In 2024, Western Securities reported revenues of 6.712 billion yuan, a decrease of 2.64% year-on-year, while net profit attributable to shareholders was 1.403 billion yuan, an increase of 20.38% [4]. - Guorong Securities achieved revenues of 1.119 billion yuan in 2024, reflecting a year-on-year growth of 15.73%, with net profit reaching 86 million yuan, a significant increase of 104.35% [4]. Strategic Implications - The acquisition is expected to enhance Western Securities' self-operated business, asset management, and futures business through the integration of Guorong Fund and Shouchuang Futures [4]. - The merger will likely improve Western Securities' rankings in brokerage, investment banking, asset management, and proprietary trading sectors [4].