Jing Ji Guan Cha Wang·2025-09-30 03:38Core Viewpoint - Guolian Minsheng Securities has announced the integration of its investment banking business, transferring responsibilities from Minsheng Securities to its wholly-owned subsidiary Guolian Minsheng Securities Underwriting and Sponsorship Co., ensuring a seamless transition and continuity of services for over 240 ongoing projects [1][2]. Group 1: Integration Process - The integration process has been conducted in close coordination with regulatory bodies, ensuring effective communication with clients to safeguard their rights [2]. - Key personnel from both Minsheng Securities and Guolian Minsheng have been actively involved in the integration, with comprehensive comparisons and revisions of business processes and standards to ensure a smooth transition [2]. - The new organizational structure has been established, with training conducted on updated policies and IT systems now fully operational [2]. Group 2: Strategic Management - The management team of Guolian Minsheng Securities Underwriting and Sponsorship has been strategically appointed, with Xu Chun, former head of Guolian Securities Research Institute, as chairman, and Zhang Ming, former president of Minsheng Securities Investment Banking Division, as president [3]. - This leadership is expected to align the investment banking business with national and industry development trends, leveraging their extensive experience [3]. Group 3: Business Performance - Minsheng Securities has demonstrated strong capabilities in equity investment banking, particularly in IPOs, with 98 projects completed from January 2020 to June 2025, ranking among the top in the market [4]. - Guolian Minsheng's predecessor, Huaying Securities, has excelled in bond issuance, with over 712 projects totaling more than 200 billion yuan, establishing significant market benchmarks [4]. Group 4: Market Position and Future Outlook - The merger has created a strong market presence, positioning Guolian Minsheng Securities among the top firms in the industry, with a fifth-place ranking in IPO applications for the first half of 2025 [5]. - The company aims to enhance its investment banking capabilities while adhering to compliance and risk management standards, aligning with national financial development strategies [5][6]. - The strategic vision includes becoming a modern investment bank with international influence, focusing on serving national strategies and empowering the real economy [6].