Hundsun(SH:600570) Quan Jing Wang·2025-09-22 11:14Core Insights - The strategic cooperation meeting between Lianchu Securities and Hengsheng Electronics focused on the digital transformation of the securities industry, business innovation, and technological empowerment [1][6] Group 1: Industry Trends and Competitive Landscape - The current asset management market size in China has reached 105% of GDP, nearing levels seen in mature markets like Europe and the US [2] - The shift from "channel-based" to "customer-demand-based" business models is accelerating among securities firms, with wealth management, institutional services, and cross-border wealth management identified as key growth areas [2] Group 2: Technological Empowerment and Innovation Applications - Hengsheng's Photon AI platform integrates mainstream models like DeepSeek and Qianwen, achieving significant breakthroughs in various scenarios, such as a 40% increase in advisory efficiency and an 85% accuracy rate in anti-money laundering alerts [2] - The core system's replacement with domestic solutions is entering a critical phase by 2025, with Hengsheng's "full-stack domestic solution" supporting local software and hardware [2] Group 3: Differentiated Development for Small and Medium-sized Securities Firms - Recommendations for small and medium-sized securities firms include focusing IT resources on high-return areas such as smart terminal construction, rapid trading systems, and operational automation [3] - The integration of research, trading, and risk control data through a "smart middle platform" is suggested to quickly respond to emerging business needs [3] Group 4: Addressing Business Pain Points - Hengsheng Electronics proposed intelligent operational solutions to enhance account business processing efficiency and upgrade risk control for margin trading [4] - Dynamic quota management and real-time risk monitoring systems are recommended to improve both risk control and user experience [4] Group 5: Collaborative Innovation Solutions - The meeting included discussions on the operational mechanisms of shadow accounts and optimization of fixed income pricing processes [5] - AI technology applications in anti-money laundering were explored, focusing on historical data quality checks and policy response mechanisms [5] Group 6: Strategic Outlook - The collaboration between Lianchu Securities and Hengsheng Electronics marks a new phase in their strategic partnership, aiming to enhance business empowerment and management innovation [6] - The goal is to provide higher quality, efficient, and intelligent financial services to investors, achieving a higher level of cooperation and mutual benefit [6]