北京地方国资券商动作频频

Core Viewpoint - The recent name change of Hengtai Securities to Financial Street Securities signifies the expansion of Beijing's local state-owned financial institutions, enhancing their ability to support national financial strategies and the development of the real economy [1][2][3]. Company Overview - Hengtai Securities has officially changed its name to Financial Street Securities as of September 9, 2023, following the completion of business registration procedures [2]. - The company, founded in 1992 and headquartered in Hohhot, Inner Mongolia, is a comprehensive, fully licensed securities firm approved by the China Securities Regulatory Commission and was listed in Hong Kong in October 2015 [2]. - Financial Street Securities has established a business presence centered in Beijing, Inner Mongolia, and Northeast China, and it operates four wholly-owned subsidiaries: Hengtai Changcai Securities, Hengtai Futures, Hengtai Capital Investment, and Hengtai Pioneer Investment, while also holding a controlling stake in Xinhua Fund [2]. Strategic Implications - The name change reflects the company's strategic positioning and brand planning, aligning with its mission to serve national strategies and support the real economy [3]. - Financial Street Group's acquisition of Hengtai Securities has revitalized the company, positioning it to focus on three main areas: serving the group's strategy, supporting the real economy, and managing residents' wealth [3]. - The company aims to enhance its capabilities in investment banking, asset management, and institutional business, while increasing investments in technology finance, green finance, and industrial finance [3]. Industry Movements - Other recent developments in Beijing's local state-owned securities firms include the renaming of Credit Suisse Securities (China) to Beijing Securities, with the Beijing State-owned Assets Management Company becoming the major shareholder [4]. - Additionally, other firms like Shouchuang Securities and First Capital have announced plans for international expansion, including a potential listing in Hong Kong and the establishment of a wholly-owned subsidiary in Hong Kong for securities trading and asset management [5][6].